Markets are being led by momentum, with capital chasing the same narrow group of winners. But momentum has a habit of turning, and when it does, investors need to be holding more than just the story of the day.
Daniel Martin, Senior Investment Analyst spoke on ausbiz about three portfolio holdings the market has largely ignored, and why we think they still deserve a place.
Mineral Resources (ASX: MIN)
Sentiment has taken a hit thanks to governance concerns and CapEx blowouts, but the underlying business still has strengths. If execution improves, we think there’s meaningful upside on offer, though the path won’t be without volatility.
CSL (ASX: CSL)
The company has underwhelmed post-COVID, weighed down by lingering vaccine fatigue. But the long-term growth drivers remain firmly in place. For patient investors, that disconnect between perception and fundamentals will present an opportunity.
Elanor Commercial Property Fund (ASX: ECF)
ECF continues to trade at a wide discount to net asset value, despite improving leasing dynamics and attractive income potential. With a double-digit yield on offer, it’s one to watch for income-focused investors willing to look through short-term market noise.
These are businesses that aren’t getting much airtime right now, but often that’s where value begins to build. As ever, we remain focused on risk, valuation, and the drivers of long-term return, not just what’s working today.