18 Share Tips – 23rd June 2025

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 Jonathan Tacadena of MPC Markets, Tony Locantro of Alto Capital 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.

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Jonathan Tacadena, MPC Markets

BUY RECOMMENDATIONS

BUY – Meeka Metals (MEK) 

Meeka Metals is nearing a major milestone, moving from explorer to producer at its Murchison Gold project in Western Australia. Ore is already in the plant, with first gold expected soon and early cash flow in July. The project hosts 1.2 million ounces at 3 grams a tonne of gold, with plans to produce 65,000 ounces a year for the first seven years. We expect Meeka to be a strong gold producer and possibly attract more attention from institutions as its market capitalisation nears $500 million. Market capitalisation was $440.24 million on June 19.

BUY – Golden Horse Minerals (GHM) 

This gold junior is gaining momentum in Western Australia’s gold sector. Backed by a fresh $15 million capital raising — with strong support from major shareholders and directors — GHM is stepping up exploration at its Southern Cross gold project. Drilling is increasing by 50 per cent, with a new diamond rig chasing high grade zones. In our view, GHM has the potential to become a producer of 100,000 ounces a year, so we suggest investors consider adding GHM to portfolios.

HOLD RECOMMENDATIONS

HOLD – Dalrymple Bay Infrastructure (DBI)

DBI operates the world’s largest metallurgical coal export facility near Mackay in Queensland. Brookfield recently sold a 23.2 per cent stake in DBI. We conclude the sale will boost liquidity, and increase DBI’s chances for inclusion in the S&P/ASX 200 index. Brookfield still owns 26.25 per cent of DBI, and the outlook for the terminal remains solid. DBI runs a strong, cash-generating business and was recently trading on a dividend yield near 6 per cent. For income focused investors, DBI is a reliable hold, in our view.

HOLD – PEXA Group (PXA) 

PEXA is a strong player in Australia’s property technology space, settling most e-conveyancing transactions. It essentially owns the market when it comes to digital property settlements. Revenue keeps growing, margins are healthy and volumes are steady. Yet, the share price has been volatile and stuck in a large range during the past 12 months. That’s possibly due to investor caution around its global expansion and some regulatory noise. Still, with a rock solid local business and steady performance, PXA looks like a smart long term hold for patient investors.

SELL RECOMMENDATIONS

SELL – Cettire (CTT) 

Cettire is an online luxury goods retailer. The shares have fallen from $2.54 on October 17, 2024, to trade at 30.5 cents on June 19, 2025. In the third quarter of fiscal year 2025, the company experienced softening demand in its established markets, notably the United States. The adjusted EBITDA loss was $4.7 million, including a $2.1 million foreign exchange loss. The company’s net cash balance of $76 million was down from $90 million year-on-year. In our view, the outlook is challenging. Approaching the end of the financial year, investors may want to consider realising any losses in CTT to offset other capital gains.

SELL – Guzman Y Gomez (GYG) 

Guzman is a Mexican themed restaurant chain. More shares are set to be released from escrow in August, which may pressure the share price. The risk is early investors rushing to cash out. Solid buying after listing on the ASX in June 2024 has lost momentum. The shares have fallen from $45.32 on February 19 to trade at $29.22 on June 19, 2025. Despite impressive Australian growth, US expansion has been disappointing. The company is trading at multiples well above its peers.

Tony Locantro, Alto Capital

BUY RECOMMENDATIONS

BUY – Raiz Invest (RZI)

RZI provides financial services via its online mobile investment platform. Active customers grew to 324,968 in the financial year up to March 31, 2025, up 6.9 per cent year-on-year. Total funds under management of $1.65 billion was up 23.1 per cent. Strong net inflows of $60 million for the March quarter were up 67.9 per cent on the prior corresponding period. RZI maintained a strong cash position of $12.5 million and is implementing increasing active engagements with existing customers. Trading at 58 cents a share on June 19, the shares offer value in the medium term, in our view.

BUY – Betashares US Equities Strong Bear Currency Hedged Complex ETF (BBUS)

The objective of the fund is to generate a positive return when the S&P 500 total return index falls on a given day. If the US sharemarket falls by 1 per cent, the fund is expected to deliver an increase of between 2 per cent and 2.75 per cent in value. With the S&P 500 recently trading near all-time highs, the fund provides investors with downside protection should the market correct from historically overvalued levels. We believe the price of the fund is undervalued at these levels.

HOLD RECOMMENDATIONS

HOLD – Saturn Metals (STN)

STN has announced highly encouraging metallurgy results, with 86 per cent gold recoveries from leaching over 95 days at the upgraded 2.03 million ounce Apollo Hill gold project in Western Australia. The results are expected to have a positive impact on the project’s financials leading into the release of a bankable feasibility study. The share price has performed strongly, so it represents a hold at its current valuation.

HOLD – Red Metal (RDM)

Optimisation tests at the Sybella rare earths discovery near Mt Isa in Queensland validate and improve potential for a low cost heap leach processing option. The resource stands at 4.798 billions tonnes and is granite hosted and highly soluble that provides advantages over clay hosted deposits. Hemi-style good targets at the Pardoo project in Western Australia are defined. Trials of deep penetrating electrical survey techniques are in progress. First drill results are scheduled for the next quarter.

SELL RECOMMENDATIONS

SELL – Commonwealth Bank of Australia (CBA)

The bank is an ASX success story. The shares have risen from $126.20 on July 1, 2024, to trade at $182.94 on June 19, 2025. The bank was recently trading on a price/earnings ratio above 31 times.  Relative to its peers, the CBA is expensive. WBC was recently trading on a price/earnings ratio of about 16 times and ANZ was on 13 times. In our view, this bank is priced to perfection and is exposed to a correction if economic growth slows. Investors may want to lock in some profits at these levels.

SELL – JB Hi-Fi (JBH)

JBH is a consumer electronics giant operating in Australia and New Zealand. JB Hi-Fi’s Australian operations grew total sales by 6.5 per cent in the third quarter of fiscal year 2025. Total JB Hi-Fi sales in New Zealand soared by 17.5 per cent. It’s an enviable performance given Australia’s cost of living crisis that’s about to be exacerbated by increasing power prices. The share price has risen from $86 on April 7 to trade at $108.91 on June 19. The stock is trading on a lofty price/earnings ratio, in our view. The shares are expensive, so taking some profits may be prudent in this economy.

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Andrew Wielandt, DP Wealth Advisory

BUY RECOMMENDATIONS

BUY – HUB24 (HUB)

HUB24 operates an investment and superannuation platform. More than 5000 advisers use this managed account platform for their clients. Total funds under administration reached $124.1 billion at March 31, 2025, up 24 per cent on the prior corresponding period. Record platform net inflows of $4.9 billion in the third quarter of fiscal 2025 was up 39 per cent year-on-year. The share price has risen from $45 on June 20, 2024, to trade at $80.86 on June 19, 2025. A strong return on equity and margin are also appealing. While the price/earnings ratio is demanding, HUB24 is an industry leading player with a bright outlook.

BUY – Betashares S&P/ASX Australian Technology ETF (ATEC)

The objective of the fund is to track the performance of the S&P/ASX all technology index. Net assets were recently above $380 million. ATEC provides exposure to about 40 Australian listed technology companies, such as WiseTech Global, Xero and Pro Medicus, and is heavily exposed to growth areas, such as information and communication services. Rather than trying to pick the best Australian technology company, this ETF enables investors to have more diversified exposure to a growing industry sector. The shares have risen from $23.50 on April 7 to trade at $31.16 on June 19.

HOLD RECOMMENDATIONS

HOLD – Cochlear (COH)

The hearing implants maker recently downgraded underlying net profit guidance for fiscal year 2025 to between $390 million and $400 million following slower than expected sales growth in the past few months. Sales of cochlear implants remains robust, but growth is weighted towards emerging markets. On April 8, 2025, the company announced it can rely on duty free importation on a range of products into the US, including hearing implants. The shares have recently been enjoying favourable momentum.

HOLD – Computershare (CPU)

This share registry services provider has generated a significant increase in return on equity in the past two years. Shareholders have been rewarded, with the share price rising from $26.76 on June 20, 2024, to trade at $40.825 on June 19, 2025. The company upgraded guidance at its first half results for fiscal year 2025. Management earnings per share is expected to increase about 15 per cent in full year 2025 when compared to the prior corresponding period. Previous guidance had been for an increase of around 7.5 per cent.

SELL RECOMMENDATIONS

SELL – Lendlease Group (LLC)

LLC is a property developer and investment manager. The group is focusing on growing its Australian operations and international investment management platform. The company reported a statutory profit after tax of $48 million in the first half of fiscal year 2025 compared to a loss of $136 million in the prior corresponding period. However, group revenue of $4.527 billion was down 8 per cent. The unfranked interim dividend was 6 cents a share. The shares have fallen from $6.74 on February 14 to trade at $5.525 on June 19. Improving company performance will take time. Other companies appeal more and offer better outlooks, in my view.

SELL – Elders (ELD)

Elders is an Australian agribusiness. On May 29, 2025, the Australian Competition and Consumer Commission outlined preliminary competition concerns regarding Elders’ proposed acquisition of the Delta Agribusiness for an enterprise value of $475 million. Elders raised about $246 million via an institutional and retail entitlement offer at $7.85 a share in November and December 2024.  The shares were trading at $6.31 on June 19. We expect the share price to remain under pressure. The company is also exposed to fluctuating commodity prices and cyclical risks in agriculture.

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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.