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 Warwick Grigor of Far East Capital, Mark Gardner of MPC Markets, and Dylan Evans of Catapult Wealth 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 – Dexus (DXS)
Dexus owns and leases a portfolio of mostly office and industrial assets and operates a funds management business that invests in a wide range of real estate in Australasia. The property portfolio is concentrated in premium locations, where demand assists in retaining overall occupancy above 90 per cent and well above the market. Dexus offers a secure income stream, and we’re hopeful the buy-back of up to 10 per cent of stock announced in February will benefit the share price by reducing the long standing discount to net tangible assets.
BUY – Macquarie Group (MQG)
Growth potential for the big four banks is likely to come under pressure from moderating house prices and investment loan demand. We see MQG as a compelling alternative in this environment due to Macquarie’s more varied business mix. Macquarie offers a global range of services that includes investment banking and asset management, which should enable it to offer solid growth even in a slowing retail banking environment. Macquarie’s commodity and markets business can also benefit from market volatility, a useful trait in what is likely to be an uncertain period given the conflict in Iran.
HOLD RECOMMENDATIONS
HOLD – Computershare (CPU)
CPU is a global leader in registry and corporate trust services. The core business is relatively defensive, cushioned from competition by long term contracts and significant regulatory hurdles. A significant component of Computershare’s earnings is interest earned on balances. High inflation, fuelled by continuing Middle East disruptions, is expected to keep interest rates high, which should support revenue. Fears of blockchain competition have weighed on the stock price, but we believe concerns are exaggerated and Computershare appears reasonably priced.
HOLD – Origin Energy (ORG)
Origin Energy is one of the major electricity retailers in Australia and a global gas supplier. Despite recently reporting a customer data breach, several other positive trends support holding the Origin business. In the absence of a peace deal or meaningful resolution in the Middle East, we expect upwards pressure on gas prices. Demand for power is expected to increase consistently in Australia and overseas, driven by electrification, data centres and population growth. Demand for power should lead to higher electricity prices.
SELL RECOMMENDATIONS
SELL – Ramsay Health Care (RHC)
Ramsay owns and manages private hospitals in Australia, the UK and Europe. The company benefits from an ageing population driving spending on health care. But cost of living and inflationary pressures contribute to higher labour costs for RHC. Also, stretched government budgets put pressure on health care spending. Consequently, margins may be pressured over time as governments offer lower contributions and less than inflation levels of indexation. The shares have risen from $34.59 on January 2 to trade at $44.04 on July 30. Investors may want to consider cashing in some gains.
SELL – Magellan Financial Group (MFG)
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Magellan is an active Australian fund manager that invests in global equities. On August 9, 2021, the shares were priced at $51.40. The stock was trading at $9.54 on July 30, 2026. Magellan has been undergoing significant change and faced considerable internal instability during the past four years. Staff turnover, comparably high investment management fees and an underperforming investment portfolio contributed to fund outflows. Statutory profit of $68.9 million in the first half of financial year 2026 was down 27 per cent on the prior corresponding period. Other diversified financial stocks appeal more in these challenging and volatile times.
Warwick Grigor, Far East Capital
BUY RECOMMENDATIONS
BUY – CGN Resources (CGR)
This exploration company is targeting gold, copper, nickel and critical minerals in Western Australia. The company recently announced it was starting a 4000 metre drilling program at Leonora to test multiple high priority gold targets. Little exploration has taken place since the 1990s. A stronger gold price provides incentive to drill some deeper zones in one of Australia’s premier gold districts near existing mining infrastructure. Potential exists, so expect to see plenty of speculation in the market over coming months. A speculative buy.
BUY – BOA Resources (BOA)
BOA recently announced a transformational deal on copper projects south east of the DeGrussa copper mine in Western Australia. The deal leaves Sandfire Resources with a 6 per cent stake in BOA Resources. BOA already had exploration ground in the Neds Creek area, but this deal has added a combined JORC 2012 mineral resource estimate, on granted mining leases, of 5.3 million tonnes at 2.3 per cent copper. Drilling activity is imminent, ensuring there will be plenty of news flow. BOA is now a legitimate advanced copper exploration story in a high grade copper region of Western Australia.
HOLD RECOMMENDATIONS
HOLD – Meeka Metals (MEK)
MEK has re-started the high grade gold project near Meekatharra in Western Australia. Meeka is now opening up the first underground mine, with a second one starting in September. With $38 million in the bank, the company is well financed for the next campaign. The pain in the share price has already happened, but, in my view, holding the stock enables investors to potentially participate in a recovery.
HOLD – Pantoro Gold (PNR)
The share price plunge leaves PNR as a hold and offering value. It had cash and gold of $223.4 million at June 30, 2026 and no debt. It’s forecasting gold production of between 90,000 ounces and 105,000 ounces in full year 2027 at an all-in-sustaining cost of between $A2800 and $A3400 an ounce. The mining reserve of 900,000 ounces of gold from a resource of 4.6 million ounces provides a mining life of more than 10 years. It’s cheap on fundamentals, irrespective of what the gold price might do in the near term.
SELL RECOMMENDATIONS
SELL – Boss Energy (BOE)
Boss Energy is a multi-mine uranium producer. It owns the Honeymoon project in South Australia and has a 30 per cent stake in the Alta Mesa project in South Texas. The shares have fallen from $4.62 on June 23, 2025 to trade at $1.205 on July 30, 2026. Boss cut production guidance at its Honeymoon operation in response to bad weather impacting third quarter production. In my view, company performance has fallen well short of expectations as indicated by the market examining its track record and questioning its outlook. It’s time to consider moving on from BOE in what can be a volatile sector.
SELL – Zeotech (ZEO)
Zeotech is an emerging mineral processing technology company. The company’s objective is to become Australia’s first commercial producer of metakaolin to accelerate decarbonisation of the concrete industry. The company raised $13 million at 8 cents a share via an institutional placement in September 2025. The shares were trading at 7.8 cents on July 30, 2026. I believe the company’s market capitalisation of about $158 million on July 30 is too high at this stage of its outlook, leaving the shares vulnerable to a potential correction.
Mark Gardner, MPC Markets
BUY RECOMMENDATIONS
BUY – Pro Medicus (PME)
The company provides medical imaging software and services to hospitals and health care groups across the world. It was removed from S&P/ASX 50 and the S&P Global 1200 in June, which left index funds dumping stock whether the business deserved it or not in terms of performance. Reported half year net profit after tax of $171.2 million in the first half of 2026 was up 230.9 per cent on the prior corresponding period. The group keeps signing US hospital deals. Although the stock has bounced off its lows, we believe the market is still underpricing growth.
BUY – Electro Optic Systems Holdings (EOS)
This counter drone and laser weapons group had an order book of $846 million at June 30, 2026, an 84 per cent increase since December 31, 2025. In May, it completed the acquisition of the MARSS Group, a provider of artificial intelligence enabled command and control systems for counter drone capability. The company upgraded full year 2026 revenue guidance to between $280 million and $300 million, excluding MARRS. The stock has fallen significantly between June 2 and July 30 to the point it has been materially over-sold, in our view. Investors can consider buying EOS on weakness.
HOLD RECOMMENDATIONS
HOLD – Xero (XRO)
Xero is a quality accounting software provider. The shares have plunged in the past 12 months, partly in response to investor concerns about artificial intelligence replacing some of its services. The company has a credible product road map to meet the challenge, such as JAX-powered bank reconciliation and an integration with Microsoft 365 Copilot. The company recently surpassed 5 million subscribers. Investors can hold, but should monitor the news flow.
HOLD – TechnologyOne (TNE)
This enterprise resource planning software company posted a positive result in the first half of 2026, generating revenue and net profit growth when compared to the prior corresponding period. It re-affirmed annual recurring revenue growth of between 16 per cent and 18 per per cent for the full year. The business is executing well. Broker targets cluster around $32. We would rather add stock on any pull-backs rather than chase TNE after its recent bounce, so we stay on hold.
SELL RECOMMENDATIONS
SELL – Qantas Airways (QAN)
The airline giant is exposed to volatile jet fuel prices in response to the Middle East conflict. Although QAN hedged about 90 per cent of its exposure to crude oil prices in the second half of 2026, it was exposed to movements in jet refining margins. Qantas announced in April that jet refining margins had increased from $US20 a barrel in February to a peak of around $US120 a barrel. The company announced capacity adjustments and fare increases to mitigate the impact of the Middle East conflict. Higher fares may impact demand. We would be inclined to sell into strength.
SELL – Lindsay Australia (LAU)
This refrigerated transport and logistics operator grew group revenue to $540.3 million in the first half of 2026, up 24.8 per cent on the prior corresponding period. Underlying net profit after tax of $15.8 million was up 0.1 per cent. Underlying earnings per share of 4.3 cents was down 13.6 per cent. Renewed Middle East tension could potentially lift diesel prices, operating costs and pressure margins, which is challenging for a fleet heavy business. We’d rather step aside until diesel costs stabilise and margins start recovering.
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.
