“ASX-listed large-cap miners, S32 is not exposed to iron ore,” Raymond said.
“Instead, it offers a highly-diversified portfolio of base metals and metallurgical coal (with most of these metals enjoying solid price strength).
“We see attractive long-term value potential in S32 from de-risking of its growth portfolio, the potential for further portfolio changes, and an earnings-linked dividend policy.
“That’s why we regard S32 as an ADD to an investor’s portfolio,” Raymond said.
Soth32 (S32) – 3/19 to 3/24
Source:nabtrade
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