The ASX 200 stocks hitting 52-week highs and lows this week: Tech, Retail and Real Estate
Tech stocks deliver on the hype, with names like Altium, Carsales and Life360 surging post results.
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Mentioned
KEY POINTS
- Tech stocks deliver on the hype, with names like Altium, Carsales and Life360 surging on strong results
- Retailers are also surprising to the upside despite macroeconomic headwinds
- Real estate is experiencing a sector-wide decline as companies post statutory losses for FY23, reflecting valuation losses on property investments
Welcome back to the 52-week Series – a recap of ASX 200 stocks marking yearly highs and lows in the past week.
# Highs and lows by sector
Note: Data as at Tuesday, 22 August close
Technology – 6 highs, 2 lows
Discretionary – 5 highs, 0 lows
Materials – 3 highs, 7 lows
Financials – 3 highs, 2 lows
Healthcare – 2 highs, 4 lows
Staples – 2 highs, 2 lows
Industrials – 1 high, 2 lows
Real Estate – 1 high, 10 lows
Utilities – 1 high, 0 lows
Stocks Making 52-week Highs
Ticker | Company Name | Close Price | Sector | 1 Year |
|---|---|---|---|---|
Breville Group | $24.48 | Discretionary | 14.0% | |
G.U.D. Holdings | $12.02 | Discretionary | 41.3% | |
News Corp | $33.21 | Discretionary | 26.9% | |
Reece | $20.49 | Discretionary | 29.4% | |
Super Retail Group | $13.13 | Discretionary | 28.2% | |
Worley | $17.38 | Energy | 22.1% | |
AUB Group | $28.82 | Financials | 39.2% | |
Hub24 | $31.20 | Financials | 25.0% | |
Netwealth Group | $15.93 | Financials | 21.4% | |
Cochlear | $266.15 | Healthcare | 20.8% | |
Pro Medicus | $72.73 | Healthcare | 35.4% | |
Seven Group | $27.00 | Industrials | 50.3% | |
Boral | $5.00 | Materials | 73.0% | |
CSR | $5.81 | Materials | 23.4% | |
Orora | $3.53 | Materials | -0.6% | |
Goodman Group | $22.42 | Real Estate | 11.0% | |
Inghams Group | $3.43 | Staples | 34.0% | |
United Malt | $4.93 | Staples | 40.1% | |
Altium | $46.44 | Technology | 55.2% | |
Carsales.Com | $27.59 | Technology | 28.5% | |
Life360 Inc | $8.46 | Technology | 60.5% | |
Megaport | $12.15 | Technology | 56.4% | |
Nextdc | $13.07 | Technology | 17.6% | |
REA Group | $160.34 | Technology | 23.1% | |
Origin Energy | $8.66 | Utilities | 42.7% |
Key themes and takeaways:
Technology stocks are living up to the hype with solid earnings across the board (minus a few weaker-than-expected ones from Wisetech and Data#3)
Altium FY23 earnings came broadly ahead of estimates on customer wins and improved revenue guidance
Carsales posted a double beat for FY23 and said it expects to deliver 'very strong growth' in revenue and EBITDA for FY24
Life360 narrowed its Q2 loss to $4.4m from a $33m loss a year ago, reaffirmed subscription growth of more than 50% year-on-year for the full year
Megaport preannounced its FY23 results so there was largely no surprises there but its FY24 guidance was well-ahead of expectations
Retailers are also surprising to the upside despite recent retail sales trends (e.g. Australian retail volumes fell 0.5% in the June quarter 2023, marking a third straight quarter of declines).
Rotation on soft landing hopes: Based on share price reactions recently, the market seems to want to rotate to early cycle sectors such as Building Materials and Retail as slowing inflation and the RBA pause seem to support positioning for a soft landing.
Stocks Making 52-week Lows
Ticker | Company Name | Close Price | Sector | 1 Year |
|---|---|---|---|---|
ASX | $57.57 | Financials | -29.6% | |
Centuria Capital | $1.44 | Financials | -22.9% | |
Ansell | $22.99 | Healthcare | -8.6% | |
Imugene | $0.07 | Healthcare | -73.5% | |
Ramsay Health Care | $54.04 | Healthcare | -25.4% | |
Resmed Inc | $25.67 | Healthcare | -24.1% | |
Atlas Arteria | $6.02 | Industrials | -19.5% | |
Link Administration | $1.38 | Industrials | -68.4% | |
Alumina | $1.21 | Materials | -19.6% | |
Amcor PLC | $14.64 | Materials | -18.4% | |
Core Lithium | $0.41 | Materials | -70.2% | |
Sayona Mining | $0.12 | Materials | -56.4% | |
Silver Lake Resources | $0.86 | Materials | -36.1% | |
Syrah Resources | $0.59 | Materials | -61.6% | |
West African Resources | $0.83 | Materials | -36.1% | |
Abacus Group | $1.16 | Real Estate | -57.8% | |
BWP Trust | $3.56 | Real Estate | -12.3% | |
Charter Hall Group | $10.85 | Real Estate | -13.3% | |
Charter Hall Long Wale | $3.51 | Real Estate | -21.3% | |
Charter Hall Retail Reit | $3.41 | Real Estate | -15.4% | |
Charter Hall Social Reit | $2.72 | Real Estate | -26.1% | |
Cromwell Property | $0.50 | Real Estate | -38.1% | |
Growthpoint Properties | $2.39 | Real Estate | -31.3% | |
National Storage Reit | $2.20 | Real Estate | -9.5% | |
Region Group | $2.16 | Real Estate | -22.9% | |
Endeavour Group | $5.46 | Staples | -34.0% | |
The A2 Milk Company | $4.52 | Staples | -6.0% | |
Brainchip | $0.32 | Technology | -68.2% | |
Iress | $6.19 | Technology | -45.6% |
Key themes and takeaways:
The bulk of the list is comprised of reporting season losers (including ASX, Ansell and ResMed), down-trending stocks that are failing to bounce (including Core Lithium, Sayona and Syrah Resources) and real estate stocks
Real estate is experiencing a sector-wide decline. Most REITs are posting statutory losses in FY23 reflecting sharp fair valuation losses on properties due to softening capitalisation rates
Is there any value in the sector: Commenting on Charter Hall, Citi said "There are some risks, but we do see the stock as cheap at these levels, especially given a strong portfolio and management track record, with the potential for stability in rates to kick-start market transaction activity and FUM growth."
