But you don't have to let it sit idly in the meantime.

Instead, you can invest your superannuation balance and generate a regular source of passive income for when you've stopped working.

But exactly how much passive income could a $800,000 superannuation balance generate each year?

Let's investigate.

How much passive income can I generate from an $800,000 superannuation balance?

To calculate the potential passive income from an $800,000 superannuation balance, you need to multiply your total balance by the dividend yield of your portfolio.

It's a simple calculation, but the problem is that the answer varies depending on the yield of the stocks you pick.

For example, a 3% yielding portfolio needs to be twice the size of one that yields 6% to earn the same passive income.

Which also means that as your dividend yield increases, the passive income you can earn from your $8000,000 superannuation balance climbs higher. 

Here's a breakdown by yield. These figures are based on cash dividends before tax or franking credits. 

What can I earn from a 3% to 4% yielding portfolio?

If your superannuation portfolio has a dividend yield of around 3%, your passive income will be around $24,000 per year, because $800,000 x 3% = $24,000.

If your portfolio yields closer to 4%, your passive income could be closer to $32,000 every year ($800,000 x 4% = $32,000).

Major miners like BHP Group Ltd (ASX: BHP) and Rio Tinto Ltd (ASX: RIO) yield around this level. As do banking giant Commonwealth Bank of Australia (ASX: CBA) and conglomerate Wesfarmers Ltd (ASX: WES).

What passive income can I earn if my superannuation portfolio yields 5% or 6%?

If your superannuation portfolio yields closer to 5%, you could earn $40,000 every year in dividend payments off the same superannuation balance ($800,000 x 5% = $40,000).

At a 6% yield, you could earn an annual passive income closer to $48,000.

Classic dividend stocks like APA Group (ASX: APA), Transurban Group (ASX: TCL), and JB Hi-Fi Ltd (ASX: JBH) all pay around this level.

What about a portfolio yielding much higher, around 7% or 8%?

But if your portfolio has a slightly higher dividend yield of around 7% or 8%, your passive income will go up again to around $56,000 or $64,000, respectively.

Again, it's possible to buy shares around this level, but there are fewer options.

Solvar Ltd (ASX: SVR), Waypoint REIT Ltd (ASX: WPR), and HomeCo Daily Needs REIT (ASX: HDN) all pay around this yield at the time of writing.

Is it possible to invest in ASX shares yielding 10% or higher?

It's possible, but generally, the higher the yield, the higher the volatility and risk associated with the stock. 

If high yield and high risk are what you're after, at a 10% yield, a $800,000 balance could earn around $80,000.

You could invest in ASX-listed stocks such as Tower Ltd (ASX: TWR) or Kina Securities Ltd (ASX: KSL). Another option is to invest your superannuation in a high-yielding exchange-traded fund (ETF), such as the VanEck MSCI International Value ETF (ASX: VLUE) or the VanEck Gold Miners ETF (ASX: GDX). These all yield 10% or more at the time of writing.

The post How much passive income can I earn off an $800,000 superannuation balance? appeared first on The Motley Fool Australia.

The 50% CGT discount for assets held longer than 12 months will be replaced by a cost base indexation method on 1 July next year.

The new rules grandfather existing ASX shares investments. So, the 50% CGT discount will apply to gains made before 1 July, 2027.

After that date, capital gains on existing investments, and new investments purchased thereafter, will be subject to cost base indexation.

A minimum 30% tax on net capital gains will apply.

Morgans has buy ratings on two ASX dividend shares that offer 6% to 7% annual distribution yields.

Centuria Industrial REIT (ASX: CIP)

The Centuria Industrial REIT share price is $2.89, down 0.5% today and down 14% over 12 months.

Morgans has an accumulate recommendation on this ASX real estate investment trust (REIT).

The broker said the ASX dividend share offers a 6% annual distribution that should continue to grow.

In a recent note, Morgans said:

CIP delivered FY26 FFO of 18.2cpu and distributions of 16.8cpu, both in line with guidance but at the bottom of the upgraded 18.2-18.5cpu range, and 1% below MorgansF of 18.4cpu.

CIP produced +5.2% like-for-like NOI growth, a near record 226,200sqm of leasing completed, spreads moderating to 30%, and +$116m like-for-like valuation gains, resulting in NTA up 2.3% to $4.01/unit.

FY27 FFO guidance of 18.8-19.2cpu was above market expectations, while the 17.3cpu of distribution guidance in FY27 reflects a more modest 3% growth (vs pcp), driven by rent reversion leasing in the second half.

We rate CIP ACCUMULATE, with a $3.25/sh PT, as the 6% distribution should continue to grow as rental income grows through a mix of positive rent reversion and lease indexation.

Waypoint REIT Ltd (ASX: WPR)

The Waypoint REIT share price is $2.27, down 1.1% today and down 17% over 12 months.

Morgans also has an accumulate rating on this ASX dividend share, which offers a 7% annual distribution.

The broker commented:

WPR's 1H26 result was marginally ahead of our expectations, with management reaffirming CY26 Distributable EPS (DEPS) guidance of 17.14cps.

With limited expiries in CY27/28 (13% of NLA), WPR remains sensitive to the wider rate environment, and physical asset transactions point to some incremental softening in cap rates, albeit highly contingent on asset quality and location.

Trading at a c.7% distribution yield and 20% discount to NTA we do see value.

However, higher rates are likely to remain a headwind to earnings growth over CY27/28.

To this end, our target price remains broadly unchanged at $2.55, as we reiterate our ACCUMULATE recommendation on valuation grounds.

The post 2 ASX dividend shares offering 6% to 7% yields buy-rated by Morgans appeared first on The Motley Fool Australia.

Having a goal in mind and planning to hit that goal is essential, and the earlier you start, the better.

Aiming for $1,500 per week in retirement income will provide a comfortable retirement, at least as measured by the Association of Superannuation Funds of Australia, which estimates that singles will need $55,923 per year to fund a comfortable retirement.

This so-called retirement standard assumes you own your own home and will draw a part pension when you become eligible at age 67.

How much do you need in superannuation to hit the $1,500 target?

But let's assume for the sake of argument that you are aiming to generate $1500 per week, or $78,000 per year, in retirement income from dividends alone, without drawing down on your invested capital.

How much you'll need invested to achieve this target depends on how much you can reliably expect to generate in terms of dividend yield.

If you are generating 10% a year – a lofty ambition and likely unsustainable – you'd need $780,000 in retirement savings.

If you were generating just 5% a year, you would need double this amount, or $1.56 million.

Considering that retirees get the benefit of franking credits on top of the base dividend yield from a share, as long as the share is franked, I'd argue that 5% is very much on the low side.

A goal of 7.5% is likely quite achievable and would require a superannuation savings amount of $1.04 million.

Which shares can generate sufficient returns?

There are a lot of shares you might consider that pay healthy dividends.

Infrastructure companies such as toll road owner Atlas Arteria Ltd (ASX: ALX) often pay strong dividends, with Atlas forecast by Macquarie to pay a yield of better than 8% out to FY28.

Rail freight operator Aurizon Holdings Ltd (ASX: AZJ) also pays a good dividend, currently running at 6.28%.

Real estate investment trusts also often have steady long-term businesses, with Waypoint REIT (ASX: WPR) paying a 7.19% dividend yield and HomeCo Daily Needs REIT (ASX: HDN) paying 7.78%.

And among the banks, Westpac Banking Corp (ASX: WBC) is paying 4.45% fully franked, while Bank of Queensland Ltd (ASX: BOQ) is paying 6.12% also fully franked.

How to boost your superannuation balance

If you're a bit low on your superannuation at the moment, consider either salary sacrificing into your super or making a concessional contribution.

This year, the concessional contributions cap has increased to $32,500, meaning you can contribute up to this amount and pay only 15% tax. However, keep in mind that the $32,500 level includes any contributions made by your employer and any salary sacrifice amounts.

The post How much is needed in superannuation for $1,500 in weekly passive income? appeared first on The Motley Fool Australia.

What did Waypoint REIT report?

• Distributable earnings per security (DEPS): 8.59 cents, up 3.4% vs 1H25
• Distribution per security: 8.50 cents, up 3.2% vs 1H25
• Statutory net profit: $65.8 million ($71.3 million lower than 1H25, due to lower property revaluations)
• Portfolio valuation uplift: $10.7 million, with book value at $2.86 billion
• NTA per security: $2.92, up 0.7% since December 2025
• Gearing: 32.4%, at the lower end of target range

What else do investors need to know?

Waypoint REIT reported that all FY26 lease expiries have now been resolved, with 26 of 28 leases renewed or extended, achieving a strong 97% retention rate and an average rental reversion of 10.3%. The business completed a major refinancing during the half, issuing a new $250 million, 6-year medium term note and repaying the same amount of bank debt, further strengthening its debt profile.

The company also highlighted asset sales, including the settlement of the Nowra property for $6.1 million, and continued progress on its OTR conversion program, with 19 conversions completed—all funded by Viva Energy Australia, their major tenant. Management reaffirmed prioritisation of prudent capital management, strong hedging, and maintaining high occupancy (currently 99.9%).

What's next for Waypoint REIT?

Looking ahead, Waypoint REIT has reaffirmed full-year guidance for distributable earnings per security at 17.14 cents, a 3% increase over FY25. The company expects quarterly distributions to increase to 4.32 cents per security in the second half of FY26, reflecting a 100% payout ratio.

Management will continue to focus on optimising debt facilities, progressing non-core asset sales (targeting $10–20 million in 2H26), and engaging on upcoming lease expiries in 2027. The outlook remains cautious on transaction activity, with interest rates still the key driver of market sentiment.

Waypoint REIT share price snapshot

Waypoint REIT shares have underperformed the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a decline of 5.5%.

View Original Announcement

The post Waypoint REIT posts distributable earnings growth and confirms FY26 outlook appeared first on The Motley Fool Australia.

Meanwhile, brokers have increased their ratings on several ASX shares this week.

Let's take a look.

Santos Ltd (ASX: STO)

The Santos share price is $7.64, up 1.8% today.

This ASX 200 energy share has fallen 1% over 12 months.

Morgan Stanley upgraded Santos shares to a buy rating this week.

The broker raised its 12-month price target from $7.50 to $7.67.

This suggests the stock is fully priced already.

Woodside Energy Group Ltd (ASX: WDS)

The Woodside share price is $29.42, up 1.9% today.

Stock in the market's largest oil and gas producer has risen 23% over 12 months.

Morgan Stanley upgraded Woodside shares to a hold rating on Monday.

The broker has a target price of $28, suggesting a 5% downside ahead.

IGO Ltd (ASX: IGO)

The IGO share price is $6.73, down 3.2% today.

This ASX 200 mining share was among the top 5 lithium stocks for capital growth over FY26.

The IGO share price ascended 77% to close out the year at $7.37 on 30 June.

Morgan Stanley upgraded IGO to a hold rating this week.

The broker raised its 12-month target from $6.85 to $6.95.

This suggests a potential 2% upside ahead.

Netwealth Group Ltd (ASX: NWL)

The Netwealth share price is $23.46, down 0.2% today.

This ASX 200 financial share has tumbled 33% over 12 months.

Ord Minnett upgraded Netwealth shares to a buy rating yesterday.

The broker increased its 12-month target from $25 to $26.

This suggests a potential 10% upside ahead.

HomeCo Daily Needs Ltd (ASX: HDN)

The HomeCo Daily Needs REIT share price is $1.27, up 0.2% today.

This ASX real estate investment trust (REIT) has risen 2.2% over 12 months.

Morgans upgraded the ASX REIT to a buy rating with a $1.36 target on Wednesday.

This implies potential capital growth of 7% over the next year.

Waypoint REIT (ASX: WPR)

The Waypoint REIT share price is $2.42, down 0.2% today.

This ASX real estate share has fallen 1% over 12 months.

Morgans upgraded Waypoint REIT shares to a buy with a $2.50 target yesterday.

This implies a potential 3% upside ahead.

Sandfire Resources Ltd (ASX: SFR)

The Sandfire Resources share price is $17.98, down 1.6% today.

This ASX 200 copper share has rocketed 61% over 12 months amid a rising copper price.

Morgan Stanley upgraded Sandfire shares to a hold rating this week.

The broker increased its 12-month price target from $16 to $17.35.

This suggests a potential 4% downside ahead.

The post 7 ASX shares catching broker upgrades this week appeared first on The Motley Fool Australia.

Trump's declaration that the war with Iran would go on for another "two to three weeks" was enough to start the selling. By the time the markets closed up for the Easter break, the ASX 200 had slumped by a nasty 1.06%. That fall leaves the index at 8,579.5 points as we head into the long weekend.

This volatile session for Australian investors follows a far more optimistic morning up on the American markets (let's see what happens tomorrow over there).

The Dow Jones Industrial Average Index (DJX: .DJI) had a comfortable time of it, rising by 0.48%.

Meanwhile, the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) was even more enthusiastic, gaining 1.16%.

But let's return to the local markets now and check out how the various ASX sectors dealt with today's whipsawing trading conditions.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

In order to receive a dividend, you must own the ASX share before its ex-dividend date.

Here at The Fool, our analysts do not recommend buying ASX shares simply just to get the next dividend payment.

Our market experts say the decision to buy should be more thoughtful than that, and based on fundamental analysis.

But if you already intend to buy any of these ASX shares, you might like to consider the best timing for you.

For example, you could buy before the ex-dividend date and receive entitlement to the next dividend payment.

Or you might prefer to wait until the ex-dividend date itself, when the share price usually falls, to snap up your stock.

Here are some ex-dividend dates next week

The post 20 ASX shares with ex-dividend dates next week appeared first on The Motley Fool Australia.

In fact, the S&P/ASX 200 A-REIT (ASX: XPJ) index is down 11% year to date. 

For comparison, the S&P/ASX 200 Index (ASX: XJO) is up roughly 2% in that same period.

What's the benefit of ASX REITs?

For those unfamiliar, ASX REITs have long been a popular investment option. 

Put simply, an REIT is a company that owns and operates property assets that typically produce income.

This can be anything from retirement homes or apartments, to office blocks or petrol stations.

Australian investors generally target ASX REITs because they have historically provided reliable, income-focused returns through mandatory high dividend distributions. 

Additionally, it offers exposure to commercial property without directly owning real estate which can lead to capital growth tied to Australia's property market.

They also provide portfolio diversification. 

That's because REITs are primarily influenced by factors such as interest rates, property valuations, rental income, occupancy rates, and economic conditions affecting commercial or residential real estate. 

Meanwhile, sectors like mining are driven by commodity prices and global demand, and tech stocks are more influenced by innovation cycles, growth expectations, and risk sentiment.

This means the REIT market might move differently to these other sectors like mining or tech.

Morgans lists ASX REIT as a buy

Amidst poor performance from the broader sector, the team at Morgans has identified Waypoint REIT Ltd (ASX: WPR) as a potential REIT to watch. 

The company owns a $3 billion portfolio of service station properties across all Australian states and mainland territories.

The vast majority of the company's rental income comes from the ASX-listed Viva Energy Group Ltd (ASX: VEA) which owns, operates, and supplies fuel to the Shell and Liberty service station brands in Australia.

It released FY25 results at the end of February. 

The broker said the company's FY25 result was in line with guidance while FY26 guidance was ahead. 

Waypoint REIT (WPR) delivered a solid FY25 result with FFO of 16.64c, in-line with upgraded guidance and FY26 outlook modestly ahead of expectations. 

The portfolio continues to perform as a yield-focused vehicle, with limited near-term execution risk following the renewal of the majority of FY26 lease expiries with key tenant Viva Energy (VEA), securing ~12% rental uplift.

Upgraded outlook

Based on this guidance, Morgans upgraded the REIT to an accumulate rating (previously hold).

The broker also upgraded its price target to $2.75 (previously $2.70).

From yesterday's closing price of $2.51, this indicates an upside of 9.56%.

WPR trades at ~13% discount to NTA ($2.90) and offers a ~7% FY26F distribution yield.

The post An exciting REIT for real estate investors to add to their watchlist appeared first on The Motley Fool Australia.

Among the payers this week were BHP Group Ltd (ASX: BHP), which paid a fully franked dividend of 91.9 cents per share yesterday.

Telstra Group Ltd (ASX: TLS) also paid out a fully franked final dividend of 9.5 cents per share yesterday.

Some companies that reported their financial results late in the August earnings season are yet to go ex-dividend.

That means you still have time to strategise how to make their ex-div dates work for you.

Make the ex-dividend date work for you!

Ex-dividend dates provide two opportunities for investors.

After a company announces its next dividend, investors have a small window of opportunity to buy the ASX share with the payment attached.

If you do this, you can generate a quick return via short-term income.

Alternatively, you might like to wait until the ex-dividend date to buy, because the price will likely fall, creating a buy-the-dip opportunity.

Share prices typically fall on ex-dividend dates because the stocks are fundamentally less valuable without the next dividend attached.

As usual, there have been many examples of ASX shares falling on their ex-dividend dates this year.

On Monday, New Hope Corporation Ltd (ASX: NHC) shares fell 7.35% after the coal mining stock went ex-dividend.

Next week, a slew of real estate investment trusts (REITs) and other ASX shares will go ex-dividend.

19 ASX shares with ex-dividend dates next week

Here is a sample of the ASX shares with ex-dividend dates next week.

The post 19 ASX shares with ex-dividend dates next week appeared first on The Motley Fool Australia.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

As the chart above shows, the Waypoint REIT share price has fallen around 25% from October 2021, which is a large decline for a large and predictable business.

Its market capitalisation is currently approximately $1.6 billion. The business owns a portfolio of service stations around Australia – it had 402 properties at 30 June 2024. Its major tenant is the ASX-listed Viva Energy Group Ltd (ASX: VEA).

Let's have a look at the three areas that could make it an interesting idea.

ASX dividend share distribution yield

The business pays its distribution to investors quarterly, which is good for regular cash flow payments.

Despite the headwind of high interest rates, the business has provided investors with very consistent distribution payments over the last three years, which I think is commendable for a real estate investment trust (REIT).

According to the Commsec forecast, the business is projected to pay a distribution per unit of 16.5 cents in FY25. At the current Waypoint REIT share price, that translates into a forward distribution yield of 6.9%.

Underlying growth

I'm not about to say the service station sector has massive growth tailwinds. But, with the price at which this ASX dividend share is trading, any growth is an exciting prospect, in my view.

The business expects organic rental income growth of approximately 3% per year in the foreseeable future.

In the first half of FY24, the business reported a 3.1% growth of rental income to $80.3 million and a 3.8% growth of operating profit (EBIT). The main downside was a 16.2% rise in the net interest rate expense to $20.1 million due to higher-costing debt. But, interest costs shouldn't keep rising forever because central bank interest rates seem to have peaked.

In HY24, distributable earnings were flat at $55.6 million, allowing the business to pay a stable distribution.

Cheap price

With each result, the business tells investors its underlying value – that's the value of the properties and other assets minus the liabilities, such as debt.

At 30 June 2024, it had net tangible assets (NTA) of $2.79. This may slightly drop in the upcoming FY24 result (to be released in February), but the current Waypoint REIT share price suggests there's a double-digit NTA discount in percentage terms to the share price, which seems attractive to me.

Remember, it's widely expected that the Reserve Bank of Australia (RBA) is going to cut rates soon, which could help the REIT's distributable earnings and the underlying property value.

The post Is this under-the-radar ASX dividend share a top buy for 2025? appeared first on The Motley Fool Australia.

In fact, they're all scheduled to go ex-dividend on 30 December.

This sets a deadline for ASX investors interested in racking up some extra dividends before the year is out.

However, act with caution. Don't go buying stocks just because they're about to pay a dividend!

The Fool recommends making sure they stack up on a fundamental analysis basis before investing your hard-earned money.

ASX 200 stocks going ex-dividend on 30 December

If you want the next dividend from these ASX 200 stocks, you need to buy them before the ex-dividend date. This is the first day that the stock will trade without its next dividend attached.

The share price typically goes down on the ex-dividend date.

This is because the stock is less appealing without the dividend attached. Investors also know that the company's balance sheet will take a hit when the dividend is paid to shareholders.

It's useful to be aware of the ex-dividend dates on the ASX 200 stocks you own or are watching.

If you already own the stock, this awareness will forewarn you of the likely share price fall on ex-dividend day. By the way, that fall may present a good opportunity for dollar-cost averaging.

If you've been watching a stock and would like to buy it, and the price is right, knowing the ex-dividend date may help you plan the timing of your purchase.

Here are a bunch of ASX 200 stocks going ex-dividend next week and the amounts they will pay investors.

15 ASX 200 stocks going ex-dividend on 30 December

The post 15 ASX 200 stocks going ex-dividend before New Year's Eve appeared first on The Motley Fool Australia.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

If you want to get in on the dividend action with any of these popular ASX All Ords stocks, you need to purchase them before the 'ex-div' date.

The ex-dividend date is the first day that a share trades without its next dividend payment attached.

The share price will typically go down on the ex-dividend date because the stock obviously loses a bit of value without the dividend attached. Plus, the company loses that amount of cash off its balance sheet.

So, it's handy to be aware of the ex-dividend dates on your stocks ahead of time so you're not surprised by the share price dip on the day.

Here are a bunch of popular ASX All Ords shares going ex-dividend next week, and their payouts:

ASX All Ords dividend shares trading ex-dividend next week

The post Popular ASX All Ords shares with ex-dividend dates next week appeared first on The Motley Fool Australia.

The day the payout hits the bank account is important, but the ex-dividend date is also essential to know. Investors need to own shares before the ex-dividend date to gain entitlement to the upcoming payment. Any investors that buy on the ex-dividend date miss out.

Many of the businesses that I'm going to mention are ASX 200 property trusts that pay every three months.

ASX REITs going ex-dividend next week

The following ASX-listed real estate investment trusts (REITs) will soon be allocating their payments to investors that own these ASX 200 shares.

BWP Trust (ASX: BWP) plans to pay a distribution per security of 9 cents on 28 February 2024, and the ex-distribution date is 28 December 2023.

Charter Hall Group (ASX: CHC) is set to pay a distribution per security of 22.09 cents on 29 February 2024. The ex-distribution date is 28 December 2023.

Centuria Industrial REIT (ASX: CIP) will pay 4 cents per security on 31 January 2024. The ex-distribution date is 28 December 2023.

Charter Hall Long WALE REIT (ASX: CLW) expects to pay its 6.5 cents per security distribution on 14 February 2024, with an ex-distribution date of 28 December 2023.

Charter Hall Social Infrastructure REIT (ASX: CQE) is paying a distribution per security of 4 cents on 19 January 2024. The ex-distribution date is 28 December 2023.

Charter Hall Retail REIT (ASX: CQR) will pay 12.3 cents per security on 29 February 2024, with the ex-distribution date being 28 December 2023.

HomeCo Daily Needs REIT (ASX: HDN) is set to pay a distribution of 2.075 cents per security on February 2024. The ex-distribution date for this is 28 December 2023.

Waypoint REIT Ltd (ASX: WPR) will pay a distribution of 4.1 cents per security on 26 February 2024, with an ex-distribution date of 28 December 2023.

It's also worth pointing out that Real estate property trust Rural Funds Group (ASX: RFF) — which owns a portfolio of agricultural assets — is also nearing its ex-distribution date of 28 December 2023 for 2.93 cents per security.

And ASX property companies…

APA Group (ASX: APA) is set to pay shareholders a dividend of 26.5 cents per share on 14 March 2024, with an ex-distribution date of 28 December 2023.

Mirvac Group (ASX: MGR) will pay a dividend per share of 4.5 cents on 29 February 2024. The ex-distribution date is also 28 December 2023.

Stockland Corporation Ltd (ASX: SGP): This diversified property business plans to pay a dividend of 8 cents per unit on 29 February 2024, which has an ex-distribution date of 28 December 2023.

Transurban Group (ASX: TCL): Toll road operator Transurban will pay a dividend per security of 30 cents on 13 February 2024. The ex-distribution date for this is 28 December 2023.

The post ASX 200 shares with ex-dividend dates next week appeared first on The Motley Fool Australia.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

If you're overwhelmed by all the financial figures, Morgans analyst Andrew Tang has helpfully picked out the best buys based on the latest results announcements.

Here are four of those ASX shares to consider adding to your portfolio:

'Positive earnings momentum is obvious'

TPG Telecom Ltd (ASX: TPG) shares have had a rough time since the company was born out of a merger between Vodafone Australia and TPG.

Since that first day on the ASX in July 2020, the stock price has dropped more than 42%.

But Tang was pleased with the latest report.

"TPG FY22 result was, pleasingly, in line with expectations," Tang said on the Morgans blog.

"Revenue was up 1.5% year-on-year and underlying EBITDA (excluding the gain on tower sales and restructuring costs) was up ~4% year-on-year to $1,793 million."

As well as hitting Morgans' target for the financial year just gone, the future was also positive.

"FY23 guidance is ~3% ahead of consensus," said Tang.

"This was the first time since merging that positive earnings momentum is obvious across the group."

Morgans thus has an add rating on TPG shares.

This business is 'now through the worst'

On the other hand, food and drinks producer Bega Cheese Ltd (ASX: BGA)'s fortunes were downbeat in the latest results.

"BGA's 1H23 result was weak with net profit after tax [NPAT] down 74%," said Tang.

"Margins (especially in the 1Q) were materially impacted by higher milk and other inflationary costs and the lag impact of implementing price rises (didn't take effect until the 2Q)."

The 2023 financial year earnings outlook was downgraded to the lower end of the previously flagged range.

"Rising interest rates will further impact NPAT. We have made large cuts to our forecasts."

Despite all this doom and gloom, Tang has upgraded the stock to a buy.

"While we continue to have concerns about the dairy industry, we think Bega is now through the worst of it," Tang said.

"With low double-digit price rises, further efficiencies, synergy realisation and asset sales, BGA expects a much improved result in FY24."

Tang's team highly rates Bega's new leadership team, expecting it to "deliver improved returns over the coming years".

Bega shares are down more than 26% over the past 12 months.

Economic slowdown is a worry, but this stock is still a buy

Like many technology stocks, online task marketplace Airtasker Ltd (ASX: ART) has seen its shares devastated in recent times.

The stock price has lost a painful 62% over the past year.

Tang felt the latest results showed the business is heading in the right direction.

"Gross merchandise volume growth of +58% on prior comparable period (to ~$132 million) and revenue growth of +57% on prior comparable period (to ~$22 million) was a resilient performance from the local services marketplace, in our view."

There was "some softness" seen on posted tasks due to the slowing economy, admitted Tang.

"We note supply side normalisation (labour) has begun and assisted completion rates and helped underpin Airtasker's GMV growth."

The Morgans team has thus lowered its future expectations, but still rates Airtasker as a buy.

2022 was all the hard work, now sit back for 2023

Petrol station real estate owner Waypoint REIT Ltd (ASX: WPR) reported results that met Tang's expectations, due to its focus last year on selling "non-core assets", capital management, and balance sheet clean-up.

"The portfolio is valued at $2.9 billion across +400 properties with metrics stable," he said.

"Revaluations saw cap rates expand 16 basis points over 2022. Net tangible assets at $3.02."

This compares to Waypoint's share price closing Tuesday at $2.73.

Tang's team sees this year as one of consolidation rather than reform.

"After two years of steady asset sales (~15% of portfolio), 2023 is expected to be less active."

The main feature of any real estate trust, the dividend yield, is expected to remain attractive.

"CY23 distributable EPS guidance to be in line with CY22 which equates to a distribution yield of +6%."

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