John Murray from Perennial Value Management likes gambling stocks like Star Entertainment Group and Tabcorp.
“We’ve been seeing value in the mid cap sector but a little bit more value [recently] because share prices have come off. Like in the tourism and leisure sectors,” he told Peter Switzer on his Money Talks show on Sky Business.
“Tabcorp, I think the share price there has been absolutely hammered [but it’s] still a good dividend player,” he said.
Tabcorp (TAH)
He also likes Lendlease and Graincorp.
Also on the show, Anton Tagliaferro, investment director at Investors Mutual, said he likes boring but safe stocks.
“Stocks on yields of 6 or 7% [like] Shopping Centres Australasia look ok – not exciting but ok,” he said.
Shopping Centres Australasia (SCP)
“Spark infrastructure has been sold down…so those sorts of things look ok to us.”
And Mary Manning, portfolio manager at Ellerston Capital, likes the Chinese company Alibaba Group Holdings, which is listed on the New York Stock Exchange
“They beat revenue guidance…They raised revenue guidance and now the stock has 30 to 40% EPS growth and is trading at 26 times. The sky is not falling in China,” she said.
You can catch Peter Switzer on Money Talks on Monday nights on Sky Business. Tonight he will be talking about the banks – are they the sort of stocks you should be dumping or are they a great contrarian play for the long term investor?
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