Welcome to this week’s edition of 18 Share Tips: our weekly selection of top ASX shares, chosen by leading analysts, that we think are worth considering.
This week Dylan Evans of Catapult Wealth, Nathan Lodge of Securities Vault, and Andrew Wielandt of DP Wealth Advisory
share their ‘Buy’, ‘Hold’ and ‘Sell’ recommendations.
Please note these share tips are simply recommendations and are in no way intended as financial advice. These share tips are general advice and don’t take into account any individual’s financial situation. Investors are advised to seek professional financial advice before investing.
Dylan Evans, Catapult Wealth
BUY RECOMMENDATIONS
BUY – Netwealth Group (NWL)
Netwealth operates a leading investment management platform used by financial advisers in Australia. The company’s full year 2026 results continued to deliver strong growth, with the platform’s funds under administration increasing 20.3 per cent to $135.7 billion and earnings per share growing 16 per cent to 55.2 cents. Despite these strong results, the share price has fallen significantly, most likely and partially in response to a compensation payout of about $101 million to members in the collapsed First Guardian Master Fund. Share price weakness presents an opportunity, as Netwealth still holds a net cash position and is poised to generate strong revenue growth moving forward.
BUY – Coles Group (COL)
The supermarket industry structure remains favourable, with Coles and competitor Woolworths dominating market share. Coles posted group sales revenue of $45.580 billion in full year 2026, up 2.8 per cent on the prior corresponding period. Excluding significant items, group earnings before interest and tax of $2.322 billion was up 9.9 per cent. Supermarket eCommerce sales was a highlight, growing 26.4 per cent. Coles offers a reliable dividend yield, backed by defensive earnings. Catalysts for growth include online expansion, population growth and supply chain automation.
HOLD RECOMMENDATIONS
HOLD – BHP Group (BHP)
The global miner’s full year results were impressive, with the company increasing revenue and profit. Growth was driven by the copper division, which is now the primary revenue generator for BHP. As a result, future earnings will be influenced by the copper price, but the price should be underpinned by several long term themes, including electrification and growing digital infrastructure. BHP is a core holding. However, the share price has risen substantially in the past 12 months to the point where it can appear expensive.
HOLD – CSL Ltd (CSL)
The CSL share price has partially recovered after the company posted a brighter outlook at its 2026 full year results. A promising sign was profit growth guidance in full year 2027, driven by the core blood plasma business. This guidance should provide the market with confidence about CSL’s brighter future after a difficult period. There’s potential value in the stock, particularly if CSL achieves guidance and growth recovers.
SELL RECOMMENDATIONS
SELL – National Australia Bank (NAB)
Revenue grew by 2 per cent in the third quarter of fiscal year 2026 when compared to the first half quarterly average. Cash earnings also increased by 2 per cent. In our view, the broader banking sector is facing several headwinds. The Federal Government announced changes to capital gains tax and negative gearing in the May Budget. Investment loan applications have slowed amid a cost of living crisis. While the NAB business is well managed and the balance sheet is solid, it’s difficult to identify any significant growth on the horizon. Investors may want to consider taking some profits and explore superior earnings growth opportunities elsewhere.
SELL – Tabcorp (TAH)
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Tabcorp is the largest multi-channel wagering brand in Australia. The company generated group revenue of $2.636 billion in full year 2026, up 0.8 per cent on the prior corresponding period. Group EBITDA of $431.7 million was up 10.3 per cent. In our view, a major challenge for Tabcorp is the highly competitive gambling industry and the underlying trend towards digital wagering amid the risk of potentially tighter regulations. The company expects domestic wagering turnover growth in fiscal year 2027 to be broadly consistent with fiscal year 2026, excluding the FIFA World Cup. The shares have fallen from $1.17 on May 1 to trade at 90 cents on September 17. Other stocks appeal more at this stage of the cycle.
Nathan Lodge, Securities Vault
BUY RECOMMENDATIONS
BUY – Falcon Metals (FAL)
Falcon Metals is an emerging high grade gold explorer offering significant upside through its Blue Moon discovery near Bendigo. Blue Moon has delivered encouraging drilling results, demonstrating the potential of the mineralised system. The investment case now centres on scale. Falcon is well funded following a $30 million capital raising, enabling it to accelerate drilling, extend known mineralisation and test additional targets across its portfolio. Falcon has multiple opportunities for exploration success, which may drive a meaningful market re-rating.
BUY – Alma Metals (ALM)
Alma Metals offers investors leveraged exposure to its flagship Briggs Copper project in Queensland. This explorer’s drilling program is focused on upgrading resources from inferred to indicated, testing extensions to the mineralised system and supporting a pre-feasibility study. Importantly, Briggs remains open, providing potential for further resource growth as drilling continues. For a relatively small ASX company, Alma has exposure to a copper system at a time when long term demand for copper remains supported by electrification, renewable energy and infrastructure investment. A speculative buy, but re-rating catalysts include resource upgrades, drilling results and progress towards a pre-feasibility study. The shares were trading at a cent of September 17.
HOLD RECOMMENDATIONS
HOLD – Kalamazoo Resources (KZR)
Kalamazoo Resources continues to develop its 100 per cent-owned Ashburton Gold project in Western Australia. Ashburton hosts 1.44 million ounces at 2.8 grams a tonne of gold, providing Kalamazoo with an established resource base as it progresses towards development. The company has also completed an oversubscribed $8 million placement, providing additional funding to accelerate drilling and project development. While the exploration and development outlook remains positive, investors may want to see further resource growth and project economics before taking a more aggressive position.
HOLD – Krakatoa Resources (KTA)
Krakatoa Resources offers speculative exposure to antimony and gold through its flagship Zopkhito project in Georgia. Initial drilling has provided encouraging results regarding antimony and gold mineralisation. The objective is to advance Zopkhito towards an initial JORC mineral resource. The scale and grades provide considerable upside, but further drilling is required to validate the historical resource and demonstrate project economics. For existing shareholders, upcoming drilling and resource definition work provide reasons to retain exposure while awaiting greater certainty.
SELL RECOMMENDATIONS
SELL – Manhattan Gold Corporation (MHC)
MHC is a gold explorer, with projects in Canada and Australia. In our view, a key concern is the gap between promising exploration results and production. The company recently received firm commitments for a placement of $4.5 million. The proceeds will go towards completing the company’s 2026 exploration drilling program at the Hook Lake project in Canada. As a speculative company, much is left to unfold before it reaches advancing stages. Other stocks appeal more at this stage of the cycle.
SELL – Vanadium Resources (VR8)
The company’s Steelpoortdrift project in South Africa provides substantial exposure to the long term vanadium market. While Steelpoortdrift has demonstrated significant scale and advanced technical work, the challenge remains converting the resource into a commercially successful mining operation. The company recently received firm commitments from sophisticated and institutional investors to raise $1 million to advance the project and the next generation V-Iron plant. We prefer to wait for further developments regarding the project given vanadium prices can be volatile and influenced by global steel demand in a challenging market. In our view, the risk/reward profile is difficult to justify at this point.
Andrew Wielandt, DP Wealth Advisory
BUY RECOMMENDATIONS
BUY – Vanguard Australian Shares High Yield ETF (VHY)
This exchange traded fund provides exposure to a portfolio of Australian companies selected on the basis of their expected dividend yield. The portfolio is dominated by the major banks and large resource companies, which should continue to generate attractive income and franking credits for investors. However, as the portfolio is weighted towards financial stocks, it’s not as diversified as other broader based Australian ETFs on the ASX. Given quarterly distributions and a relatively appealing forecast dividend yield, VHY is more suited to income focused investors.
BUY – Plato Global Alpha Fund Complex ETF (PGA1)
PGA1 operates as a long-short exchange traded fund. Since its inception in September 2021, the fund has achieved an annualised return of 23.5 per cent after fees. It has outperformed the global benchmark by 11.74 per cent per annum. The fund delivered a return of 18.68 per cent in the past year. Stocks in the ETF at June 30, 2026 included Nvidia, Apple, Microsoft and Amazon. PGA1 has generated a strong track record of performance and offers a relatively bright outlook in volatile financial markets. I hold PGA1 in my self managed super fund.
HOLD RECOMMENDATIONS
HOLD – BlueScope Steel (BSL)
BlueScope delivered a strong result in full year 2026. Underlying earnings before interest and tax increased to $1.273 billion, supported by stronger US steel production, margins and a record Southeast Asian performance. Management delivers disciplined cost management. We expect free cash flow to improve and and support total shareholder returns. However, BSL remains a cyclical business. Despite the business performing well, the operating environment remains volatile, which is behind our hold recommendation.
HOLD – APA Group (APA)
APA owns an extensive portfolio of energy infrastructure assets across Australia and benefits from long term contracts and inflation-linked tariff increases, which the company negotiates directly with its customers. APA delivered a strong performance in full year 2026. Underlying EBITDA of $2.183 billion was up 8.3 per cent on the prior corresponding period. Underling EBITDA margins increased to 77.9 per cent. APA remains a reliable income focused investment, but with more capital to be invested, we retain a hold recommendation.
SELL RECOMMENDATIONS
SELL – GQG Partners Inc. (GQG)
GQG is a global active fund manager with a diversified range of equity strategies. However, total funds under management of $US149.2 billion at August 31, 2026 had fallen from $US156.4 billion at July 31, 2026. Total funds under management are also down $US14.7 billion between December 31, 2025 and August 31, 2026. Outflows create uncertainty about the sustainability of earnings and income. Until investment performance and funds under management stabilise or tick up, we retain a sell recommendation on GQG.
SELL – HomeCo Daily Needs REIT (HDN)
HDN is an Australian real estate investment trust. It invests in convenience based assets across the sub-sectors of neighbourhood retail, large format retail and health and services. Occupancy was 99 per cent in full year 2026. The underlying properties continue to perform well, with a steady increase in rental income. However, like a number of other REITs, I believe the prospect of higher interest rates, finance costs amid struggling consumers may pressure HDN’s performance numbers in full year 2027 in what is a challenging retail sector. HDN shares have fallen from $1.38 on September 18, 2025 to trade at $1.105 on September 17, 2026.
The above recommendations are general advice and don’t take into account any individual’s objectives, financial situation or needs. Investors are advised to seek their own professional advice before investing. Please note that TheBull.com.au simply publishes broker recommendations on this page. The publication of these recommendations does not in any way constitute a recommendation on the part of TheBull.com.au. You should seek professional advice before making any investment decisions.
