S&P/ASX 200 Index (ASX: XJO) shares are down 0.2% to 8,877 points on Tuesday.
Meanwhile, two experts give us their views on three ASX 200 shares.
Let's take a look.
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SGH Ltd (ASX: SGH)
The SGH share price is $43.42, down 1.2% today and down 16% over 12 months.
Toby Grimm from Baker Young has a buy call on this diversified industrials and investment company.
On The Bull, Grimm said:
This diversified company has businesses across industrial services, energy and media.
Continuing demand for mining and infrastructure construction underpin a positive outlook for the WesTrac, Coates Hire and Boral businesses. SGH also has a 30 per cent interest in Beach Energy.
In our view, SGH is a high quality, long term cyclical stock supported by structural themes.
Potential exists for capital returns, either via a dividend or buy-back, when it reports full year results in August.
SGH will report its full-year FY26 results on 11 August.
Genesis Minerals Ltd (ASX: GMD)
The Genesis Minerals share price is $6.01, down 2.4% today and up 56% over 12 months.
Michael Gable from Fairmont Equities has a hold rating on this ASX 200 gold mining share.
Gable said:
Genesis is a gold miner focusing on the Lenora and Laverton districts of Western Australia.
The gold price overshot earlier this year and has undergone a consolidation. This has also led to a pullback in the share price. Gold prices appear to be stabilising and central bank buying of gold is starting to resume.
I see substantial upside from GMD's merge with Vault Minerals, which is in close proximity, as the deal offers unique operational synergies and potential share price upside. The transaction is targeted to be implemented in November.
In CY25, the gold price surged 65%, following a 24% increase in CY24.
The gold price reached a record $US5,608 per ounce in January before a sharp three-day commodities rout at the end of the month.
Genesis Minerals announced its merger with Vault Minerals on 14 July.
Vault Minerals shareholders will receive 0.7629 Genesis Minerals shares and 47.5 cents in cash for every Vault share they hold.
Reece Ltd (ASX: REH)
The Reece share price is $16.21, up 0.4% today and up 19% over 12 months.
Grimm has a sell rating on this ASX 200 industrials share.
He explained:
This plumbing supplies company operates in Australia, New Zealand and the United States. The stock has rallied from its lows in 2025 amid hopes of improved US trading and what was a strong Australian housing market.
But the Australian market is now experiencing subdued housing conditions following proposed changes to capital gains tax and negative gearing announced in the Federal Budget.
In our view, elevated interest rates in the US is a headwind to construction and renovation market demand.
The stock was recently trading on a lofty price/earnings ratio of about 35 times and well above our valuation.
