This week, CMC Markets’ Michael McCarthy likes Perpetual (PPT), a wealth manager, which offers a diversified range of investment and services.
“In my view it was caught in an anti-active funds management downdraft. Its status as a financial “pure play” may see a PE premium emerge over the next 12 months,” he says.
Our chartist, David McCullock from Share Wealth Systems, likes Bapcor (BAP), an automotive aftermarket parts specialist. Here’s his chartist’s view: