Rudi’s View: 30 For ’30 & Best Buy Convictions

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The company is included in ASX300 and ALL-ORDS

By Rudi Filapek-Vandyck, Editor

Analysts at UBS have updated their 30 for ’30 global equities list, which is an attempt to identify higher quality companies with a dependable, solid, sustainable growth path ahead for the coming five years, at least.

Given similarities with my own personal research into ASX-listed All-Weather companies, I very much applaud, and sympathise with the effort. The latest update saw the removal of US-listed life sciences services provider Iqvia Holdings. UBS sees challenges and headwinds impacting for longer, including margin pressures and thus better alternatives elsewhere.

Instead, AstraZeneca and HDFC Bank have been added. The first is labeled “an innovation leader with an underappreciated pipeline optionality”, whereas HDFC Bank is a leading private sector bank in India and ranks among the top global banks by market capitalisation.

Before we move on to the other 28 companies selected, let’s pause and digest first the research focus that underpins UBS’s selections. The next decade, the analysts posit, is likely to favour companies using technology to disrupt other sectors.

Within this framework, the analysts’ attention is centred around greentech, fintech, and health-tech sectors, as well as on artificial intelligence (AI) and cybersecurity inside global technology.

Collectively, the analysts see industry leaders for 2030 emerging from these sectors. Stocks selected for the 30 for ’30 basket are expected to deliver superior earnings growth to the market, boosted by positive, durable structural trends supporting the theme.

The remaining 28 (all are listed in the US, for as long the SEC doesn’t de-list Chinese companies as sometimes suggested by the US president):

-Air Liquide
-Alcon
-Alibaba Group
-Bank of America
-Barclays
-Crowdstrike Holdings
-Enel
-Euronext
-Goldman Sachs
-IntercontinentalExchange
-Intesa SanPaolo
-Intuitive Surgical
-Linde
-Lonza Group
-MasterCard
-Meta Platforms
-Microsoft
-Oracle
-Rolls Royce
-Salesforce
-ServiceNow
-Societe Generale
-Standard Chartered
-Stryker Corp
-TSMC
-Trane Technologies
-Uber Technologies
-Vonovia

My personal research into All-Weathers restricts itself to companies listed on the ASX (notably absent from the list above) with curated selections 24/7 available to paying subscribers at FNArena: https://fnarena.com/index.php/analysis-data/all-weather-stocks/

The FNArena-Vested Equities All-Weather Model Portfolio draws its inspiration and choices from those lists.

Sticking with the Australian focus, below are selections for Conviction lists, Best Buys and Model Portfolios as per their latest updates.

Best Buys & Conviction Calls

A-REITs are back on investors’ menu. A recent sector update by Macquarie formulated the case as follows:

“Strong underlying economic fundamentals, a global underweight position to the REIT sector and a weaker Australian dollar are likely to see a re-direction of capital into Australia. Multiple groups are raising for new and existing products.”

Macquarie’s sector coverage expands to 24 ASX-listed entities, of which 15 are rated positively (Outperform) while the broker is under research restriction regarding Abacus Group ((ABG)) and HMC Capital ((HMC)).

This leaves the following on a Neutral rating: Charter Hall ((CHC)), Charter Hall Long WALE REIT ((CLW)), HomeCo Daily Needs REIT ((HDN)), Scentre Group ((SCG)), Stockland ((SGP)), and Vicinity Centres ((VCX)).

Only one name is rated Underweight and that is Region Group ((RGN)).

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Crestone’s Best Sector Ideas:

-Ampol ((ALD))
-APA Group ((APA))
-Aristocrat Leisure ((ALL))
-Beach Energy ((BPT))
-Brambles ((BXB))
-Cochlear ((COH))
-CSL ((CSL))
-Goodman Group ((GMG))
-IGO Ltd ((IGO))
-James Hardie Industries ((JHX))
-Lottery Corp ((TLC))
-Macquarie Group ((MQG))
-Metcash ((MTS))
-Monadelphous Group ((MND))
-REA Group ((REA))
-ResMed ((RMD))
-Suncorp Group ((SUN))
-Xero ((XRO))

Crestone’s selection for sustainable income:

-Amcor ((AMC))
-Ampol ((ALD))
-ANZ Bank ((ANZ))
-APA Group ((APA))
-Atlas Arteria ((ALX))
-Beach Energy ((BPT))
-BHP Group ((BHP))
-Car Group ((CAR))
-Coles Group ((COL))
-Dalrymple Bay Infrastructure ((DBI))
-Iress ((IRE))
-Lottery Corp ((TLC))
-Macquarie Group ((MQG))
-Metcash ((MTS))
-Mirvac Group ((MGR))
-Pro Medicus ((PME))
-QBE Insurance ((QBE))
-RAM Essential Services ((REP))
-ResMed ((RMD))
-Suncorp Group ((SUN))
-Tabcorp Holdings ((TAH))
-Telstra Group ((TLS))

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Jarden’s monthly update on Emerging Companies (i.e. smaller caps) showcases 16 stock picks in Australia; one less than in the month prior. The following seven have been highlighted as representing the potential highest return, ranked in order of total shareholder return:

-GQG Partners ((GQG))
-Qualitas ((QAL))
-Universal Store Holdings ((UNI))
-Dicker Data ((DDR))
-SiteMinder ((SDR))
-EVT Ltd ((EVT))
-Temple & Webster ((TPW))

Apart from their order of appearance, nothing has changed to that selection. The other ten:

-Arena REIT ((ARF))
-Genesis Energy ((GNE))
-Harvey Norman ((HVN))
-Integral Diagnostics ((IDX))
-Jumbo Interactive ((JIN))
-Karoon Energy ((KAR))
-Michael Hill ((MHJ))
-Pepper Money ((PPM))
-Vault Minerals ((VAU))

Only one change has taken place since the update in April; Superloop ((SLC)) is no longer included. One brief look at the price chart for the month past sees that share price temporarily weakening to $2 from $2.20 but then rallying to $2.50. Back in March Arena REIT was added while Ingenia Communities Group ((INA)) was removed.

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Morgan Stanley’s Macro+ Focus List in Australia is currently made up of:

-Aristocrat Leisure ((ALL))
-ANZ Bank ((ANZ))
-Car Group ((CAR))
-Goodman Group ((GMG))
-GPT Group ((GPT))
-James Hardie Industries ((JHX))
-Orica ((ORI))
-Santos ((STO))
-Suncorp Group ((SUN))
-Xero ((XRO))

Lost their inclusion on 14 April: AGL Energy ((AGL)), Macquarie Group ((MQG)), Paladin Energy ((PDN)), and WiseTech Global ((WTC)).

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Morgan Stanley’s Australia Macro+ Model Portfolio is currently made up of the following:

-ANZ Bank ((ANZ))
-CommBank ((CBA))
-National Australia Bank ((NAB))
-Westpac ((WBC))

-Macquarie Group ((MQG))

-Suncorp Group ((SUN))

-Goodman Group ((GMG))
-GPT Group ((GPT))
-Scentre Group ((SCG))
-Stockland ((STG))

-Aristocrat Leisure ((ALL))
-Eagers Automotive ((APE))
-CAR Group ((CAR))
-Domino’s Pizza ((DMP))
-The Lottery Corp ((TLC))
-Wesfarmers ((WES))
-WiseTech Global ((WTC))
-Xero ((XRO))

-James Hardie ((JHX))

-Amcor ((AMC))
-Cleanaway Waste Management ((CWY))
-Orica ((ORI))

-Coles Group ((COL))

-CSL ((CSL))
-ResMed ((RMD))

-AGL Energy ((AGL))
-Telstra ((TLS))
-Transurban ((TCL))

-BHP Group ((BHP))
-Newmont Corp ((NEM))
-Rio Tinto ((RIO))
-South32 ((S32))

-Santos ((STO))
-Woodside Energy ((WDS))

****

Morningstar’s list of Best Buy Ideas regarding companies listed on the ASX can at times remain unchanged for a prolonged period of time.The current selection has been in place for quite a while now. Value investing has its challenges too.

-APA Group ((APA))
-ASX Ltd ((ASX))
-Aurizon Holdings ((AZJ))
-Bapcor ((BAP))
-Brambles ((BXB))
-Dexus ((DXS))
-Domino’s Pizza Enterprises ((DMP))
-Endeavour Group ((EDV))
-Fineos Corp ((FCL))
-IDP Education ((IEL))
-IGO Ltd ((IGO))
-Ramsay Health Care ((RHC))
-SiteMinder ((SDR))
-TPG Telecom ((TPG))
-Woodside Energy ((WDS))

****

Shaw and Partners’ Large Caps Model Portfolio:

-ANZ Bank ((ANZ))
-Aristocrat Leisure ((ALL))
-BlueScope Steel ((BSL))
-Brambles ((BXB))
-Dexus ((DXS))
-Macquarie Group ((MQG))
-Newmont Corp ((NEM))
-South32 ((S32))

Shaw and Partners’ emerging companies Top Picks:

-AML3D ((AL3))
-Australian Vanadium ((AVL))
-Bannerman Energy ((BMN))
-Chrysos ((C79))
-Humm Group ((HUM))
-Metro Mining ((MMI))
-Santana Minerals ((SMI))
-Southern Cross Electrical ((SXE))

****

UBS’s portfolio sector recommendations currently have only two segments on ‘Overweight’; Insurance and TMT (Technology, Media & Telecommunication).

All of Banks, Energy and Small Caps are ‘Underweight’. Everything else sits on ‘Neutral’ (i.e. their weighting is recommended to mirror the local index) with Healthcare being upgraded in April and Industrials downgraded.

UBS’s lists of Most Preferred and Least Preferred ASX-listed exposures currently consist of the following:

Most Preferred

Resources
-BHP Group ((BHP))
-BlueScope Steel ((BSL))
-Northern Star ((NST))
-Orica ((ORI))
-Origin Energy ((ORG))

Financials & REITs
-Dexus ((DXS))
-Lifestyle Communities ((LIC))
-Medibank Private ((MPL))
-QBE Insurance Group ((QBE))
-Steadfast Group ((SDF))

Industrials
-Brambles ((BXB))
-Coles Group ((COL))
-Collins Foods ((CKF))
-Light & Wonder ((LNW))
-REA Group ((REA))
-SGH Ltd ((SGH))
-TechnologyOne ((TNE))
-Telstra ((TLS))
-Telix Pharmaceuticals ((TLX))
-Xero ((XRO))
-Life360 ((360))

Least Preferred

-Aurizon Holdings ((AZJ))
-ASX Ltd ((ASX))
-Bank of Queensland ((BOQ))
-CommBank ((CBA))
-IDP Education ((IEL))
-Lovisa Holdings ((LOV))
-Reece ((REH))

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Wilsons’ Focus Portfolio currently contains the following:

-ANZ Bank ((ANZ))
-Aristocrat Leisure ((ALL))
-BHP Group ((BHP))
-Brambles ((BXB))
-Car Group ((CAR))
-Collins Foods ((CKF))
-CSL ((CSL))
-Evolution Mining ((EVN))
-Goodman Group ((GMG))
-HealthCo Healthcare & Wellness REIT ((HCW))
-Hub24 ((HUB))
-James Hardie ((JHX))
-Mac Copper ((MAC))
-Macquarie Group ((MQG))
-ResMed ((RMD))
-Sandfire Resources ((SFR))
-Santos ((STO))
-South32 ((S32))
-TechnologyOne ((TNE))
-Telix Pharmaceuticals ((TLX))
-The Lottery Corp ((TLC))
-Westpac Bank ((WBC))
-WiseTech Global ((WTC))
-Woolworths Group ((WOW))
-Worley ((WOR))
-Xero ((XRO))

In April, the Portfolio raised its exposure to Woolworths, Brambles, Evolution Mining and ResMed while reducing ownership of Santos shares and abandoning Breville Group ((BRG)) and Web Travel ((WEB)).

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Wilsons’ analysts selected the following five as Key Investment Opportunities:

-ResMed ((RMD))
-Goodman Group ((GMG))
-Xero ((XRO))
-Brambles ((BXB))
-WiseTech Global ((WTC))

Wilsons’ High conviction investment ideas across the industrials (ex resources) part of the market; typically businesses with attractive structural growth prospects:

-Pinnacle Investment Management ((PNI))
-Nanosonics ((NAN))
-Ridley Corp ((RIC))
-ARB Corp ((ARB))
-SiteMinder ((SDR))

Wilsons’ number one speculative idea:

-Clarity Pharmaceuticals ((CU6))

Wilsons’ Australian Equity Focus Portfolio:

-ANZ Bank ((ANZ))
-Aristocrat Leisure ((ALL))
-BHP Group ((BHP))
-Brambles ((BXB))
-Car Group ((CAR))
-Collins Foods ((CKF))
-CSL ((CSL))
-Evolution Mining ((EVN))
-Goodman Group ((GMG))
-HealthCo Healthcare & Wellness REIT ((HCW))
-Hub24 ((HUB))
-James Hardie Industries ((JHX))
-Lottery Corp ((TLC))
-Mac Copper ((MAC))
-Macquarie Group ((MQG))
-ResMed ((RMD))
-Sandfire Resources ((SFR))
-Santos ((STO))
-South32 ((S32))
-TechnologyOne ((TNE))
-Telix Pharmaceuticals ((TLX))
-Westpac Bank ((WBC))
-WiseTech Global ((WTC))
-Woolworths ((WOW))
-Worley ((WOR))
-Xero ((XRO))

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More reading:

https://fnarena.com/index.php/2025/05/14/rudis-view-awaiting-the-real-world-ramifications-continued/

https://fnarena.com/index.php/2025/05/01/rudis-view-mag7-dominance-profit-warnings/

https://fnarena.com/index.php/2025/04/30/rudis-view-awaiting-the-real-world-ramifications/

https://fnarena.com/index.php/2025/05/08/rudis-view-csl-nextdc/

(Do note that, in line with all my analyses, appearances and presentations, all of the above names and calculations are provided for educational purposes only. Investors should always consult with their licensed investment advisor first, before making any decisions.)  

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P.S. II – If you are reading this story through a third party distribution channel and you cannot see charts included, we apologise, but technical limitations are to blame.

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