18 Share Tips – 2nd March 2026

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 Angus Geddes of Fat Prophets, Damien Nguyen of Morgans and Michael Gable of Fairmont Equities 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.

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Angus Geddes, Fat Prophets

BUY RECOMMENDATIONS

BUY – James Hardie Industries PLC (JHX)

The building products company delivered a better-than-expected third quarter result in fiscal year 2026. Earnings were ahead of guidance despite a drag from the debt taken to acquire AZEK. Pricing power remains resilient, and management is executing reasonably well in a soft US housing market. The balance sheet needs time to mend. A structural US housing shortage amid a likely future cut in interest rates leaves an appealing recovery runway. A buy for patient investors.

BUY – BHP Group (BHP)

The global miner posted a strong half year result in fiscal year 2026. Copper is now the main earnings engine, delivering more than half of group profits for the first time, while iron ore remains a reliable cash generator. The dividend was significantly higher, and a $US4.3 billion silver streaming deal bolsters the balance sheet. With copper production growing and a metals super-cycle brewing, the company’s outlook appears bright. 

HOLD RECOMMENDATIONS

HOLD – Genesis Minerals (GMD)

GMD has made an offer to acquire Magnetic Resources for $A639 million. The offer includes acquiring the Lady Julie gold project with a mineral resource of about 2.2 million ounces close to GMD’s existing Laverton mill. The offer expands group resources and fits neatly into the existing infrastructure. We rate management highly, and view gold’s medium term outlook as bright. However, the stock probably needs to consolidate after a big run. Hold for now.

HOLD – Amcor PLC (AMC) 

The packaging giant’s merger with Berry Global is ahead of schedule on synergies, with $US55 million captured in the second quarter of fiscal year 2026. Full year earnings guidance has been reaffirmed. However, in our view, organic volumes remain soft, tariff uncertainty is weighing on customers and integration costs are elevated. The near term investment case now rests on execution discipline rather than a rebound in demand. It’s reasonable to hold the stock, but it isn’t a compelling buy for us just yet. 

SELL RECOMMENDATIONS

SELL – Medibank Private (MPL)

The private health insurer’s first half results in fiscal year 2026 appear to have fallen short of investor expectations. Group operating profit of $381.7 million was up 6 per cent on the prior corresponding period. However, underlying net profit after tax of $297.8 million was down 0.3 per cent. Persistent regulatory overhang and competitive pressures erode the investment case. Policy lapse risks from cost-of-living pressures could impair premiums, while rivals intensify pricing wars. 

SELL – Zip Co (ZIP)

The share price of this buy now, pay later provider plunged after the company released its first half results for fiscal year 2026. This was despite the company posting record cash earnings of $124.3 million. The shares fell from $2.82 on February 18, the day prior to the result, to $1.85 on February 19. The shares were trading at $1.80 on February 26. The result missed expectations and the outlook failed to excite investors. ZIP expects second half cash earnings to be broadly in line with the first half. The buy now, pay later sector is becoming increasingly competitive. The business model is exposed to consumer stress due to cost of living pressures, where small upticks in defaults can erode gains.

Damien Nguyen, Morgans

BUY RECOMMENDATIONS

BUY – Car Group (CAR)

Car Group is Australia’s leading online automotive marketplace, benefiting from a strong network and steady demand for new and used cars. Its diversified revenue streams, including listings, data services and finance, provide consistent growth and help cushion softer economic periods. Recent share price weakness has improved the valuation, while the company’s dominant position and scalable marketplace model support attractive long term returns. We view the current share price as an attractive entry point for long term investors.

BUY – TechnologyOne (TNE)

TechnologyOne continues to stand out as one of Australia’s highest quality software businesses, driven by loyal customers, recurring revenue and consistent expanding margins. Its cloud transition remains a major value driver, improving profitability from customers across government, education and the corporate sector. TNE’s reliable growth profile and strong balance sheet support its premium valuation, particularly given the company’s long history of meeting or exceeding expectations. Given ongoing demand for mission critical software amid a significant runway for cloud migrations, we see TNE as a high conviction, long duration compounder.

HOLD RECOMMENDATIONS

HOLD – Telstra Group (TLS)

This telecommunications giant offers stable earnings, a strong mobile network and dependable dividends, making it a defensive holding in a volatile market. However, while its core mobile business continues to perform well, the growth outlook is steady rather than exciting. The stock appears fairly valued at recent levels, reflecting its predictable cash flows and limited near term catalysts. For now, Telstra remains suitable as an income‑focused hold due to its defensive earnings stream, but we don’t see a compelling reason to materially increase exposure.

HOLD – JB Hi‑Fi (JBH)

The consumer electronics giant remains one of Australia’s most disciplined and resilient retailers. It has a long track record of cost control, strong cash generation and an engaged customer base. We expect JB Hi-Fi to outperform its peers, and see tailwinds in the replacement cycle amid artificial intelligence enabled product expansion. The stock looks appealing after recent volatility, with the market potentially underestimating the company’s capacity to hold sales and expand profit pools as conditions stabilise. We maintain a hold rating amid waiting to see how JBH maintains its momentum during a potential cycle of higher interest rates.

SELL RECOMMENDATIONS

SELL – Commonwealth Bank of Australia (CBA)

CBA is a high quality company. But the bank’s valuation has stretched well beyond peers, reflecting investor preference for safety and consistency. Much of the good news, including strong deposit margins and sector leading returns, is already priced in, leaving limited scope for upside from here. We see better value elsewhere in the sector and believe the current premium leaves the stock vulnerable to even modest disappointment, which supports our sell rating at these levels.

SELL – Wesfarmers (WES)

This industrial conglomerate is a well managed and diversified group, but market pricing has become demanding after a strong run. Bunnings and Kmart continue to perform well, but the retail environment is softening. The current valuation appears to assume sustained strength across all divisions, leaving little margin for error should consumer spending weaken or emerging businesses take longer to deliver meaningful returns. While Wesfarmers remains a high quality operator, its risk‑reward profile looks unfavourable relative to other opportunities, supporting a cautious sell for now.

Michael Gable, Fairmont Equities

BUY RECOMMENDATIONS

BUY – Woodside Energy Group (WDS)

Expected increasing demand for oil and gas in 2026 leaves me bullish about the energy sector. The company posted record annual production of 198.8 million barrels of oil equivalent in full year 2025, exceeding the guidance range. Record production offset lower realised prices. The company’s full year results met expectations, and the share price recently moved above a major resistance level. I expect the shares to trend higher and re-test previous peaks around $38 as calendar year 2026 unfolds. The shares have risen from $22.95 on January 8, 2026 to trade at $28.075 on February 26.

BUY – Bannerman Energy (BMN)

Bannerman is a uranium development company. Its flagship Etango project is based in Namibia. The uranium sector continues to appeal because demand should continue to outpace supply for the next several years. The company recently announced a joint venture with the China National Nuclear Corporation. The deal de-risks the Etango project and reduces funding risk involving development. BMN is exposed to potential upside in uranium prices. The shares have risen from $2.35 on August 20, 2025 to trade at $4.50 on February 26, 2026. 

HOLD RECOMMENDATIONS

HOLD – Ramelius Resources (RMS)

The gold producer’s share price has trended higher during the past two years, along with the gold price. I continue to remain bullish about the gold outlook, and this Australian-based producer, in my view, is one of the best choices in the sector. Production is forecast to grow by 28 per cent over three years from financial year 2028. RMS also announced an interim fully franked dividend of 3 cents a share for financial year 2026, which was higher than consensus estimates. 

HOLD – Sandfire Resources (SFR)

SFR is Australia’s largest listed pure play copper producer. I expect copper prices to climb in calendar year 2026 in response to increasing global demand. The company’s recent half year result for fiscal year 2026 delivered underlying earnings of $US107 million, which was above consensus. Analysts have been lifting their price targets, painting a brighter outlook. The share price has risen from $8.15 on April 9, 2025 to trade at $20.475 on February 26, 2026. At these levels, a hold recommendation is appropriate. 

SELL RECOMMENDATIONS

SELL – Xero (XRO)

Xero is a global accounting software provider. XRO is a great business, but it’s caught up in a major sector rotation, where investor funds have been moving out of technology stocks with high price/earnings ratios and into hard assets. The downtrend in the share price indicates sellers were recently still in control and any price bounces are struggling to gain traction. We believe the shares will remain under pressure until the market stops trying to pick the bottom. The shares have fallen from $194.21 on June 24, 2025 to trade at $81.525 on February 26, 2026.

SELL – CSL (CSL)

This biotechnology giant was a market darling for a long time, but it’s now failing to command a premium as uncertainty surrounding the company’s US vaccine business is making it more difficult for investors to forecast future earnings. The recent departure of its chief executive also adds to the uncertainty. From a technical perspective, the stock has topped out and is trending lower. In my view, this leaves further downside risk in the share price until investors feel more confident that CSL can lift earnings. The shares have fallen from $271.32 on August 18, 2025 to trade at $145.68 on February 26, 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.