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 Remo Greco of Sanlam Private Wealth, Blake Halligan of Catapult Wealth, and James Bills of Shaw and Partners 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.
Remo Greco, Sanlam Private Wealth
BUY RECOMMENDATIONS
BUY – Conrad Asia Energy (CRD)
This natural gas explorer and producer focuses on the shallow waters in offshore Indonesia. The company holds several operated tenements in the form of production sharing contracts. The flagship project is the Mako Gas Field, which recently received final investment decision approval. This project is fully funded and due to come on stream in late 2027. For us, the key is the impressive management team, which has a proven track record of value creation and deep industry experience.
BUY – Dexus Convenience Retail REIT (DXC)
This real estate investment trust owns service stations and convenience retail assets, mostly on Australia’s eastern seaboard. The fund’s portfolio was valued at about $760 million on December 31, 2025. The company was recently trading at a significant discount to net tangible assets (NTA) and was yielding about 8 per cent. The trust has an attractive development pipeline, modest debt and recently increased its buy-back target. Importantly, the NTA is supported by recent asset sales of 1.5 per cent above valuation. Recently announced capital gains tax changes make the company’s assets appealing to self managed super funds looking for reliable income generating assets. DXC is a solid defensive play in the current environment.
HOLD RECOMMENDATIONS
HOLD – BHP Group (BHP)
Several disappointing events have led us to downgrade BHP to a hold. Cost over-runs at its Jansen stage 2 potash project in Canada lifts the investment cost by about $US2 billion to $US6.9 billion. Possible industrial action, although averted in June, may re-ignite at the company’s iron ore operations in the Pilbara region of Western Australia. Any industrial action may impact stock performance. Longer term, we like BHP’s exposure to copper – the key metal of the future.
HOLD – Goodman Group (GMG)
Goodman Group is a global industrial property and data centre developer. Data centres under construction represent 73 per cent of work in progress, according to the company’s third quarter update in fiscal year 2026. In our view, GMG trades at an elevated valuation, reflecting a lot of potential growth options for the business. The shares have risen from $25.08 on March 30 to trade at $30.645 on July 2. Investors can continue holding the stock after a recent strong share price performance, but should monitor the news flow to gauge if developments are meeting investor expectations.
SELL RECOMMENDATIONS
SELL – ResMed Inc (RMD)
The company makes medical devices to treat sleep apnoea. The company lifted revenue by 11 per cent in the third quarter of financial year 2026 when compared to the prior corresponding period. In my view, GLP-1 weight loss drugs may reduce the incidence of sleep apnoea. ResMed’s share price has been volatile in the past 12 months as investors weighed up the company’s outlook in light of popular GLP-1 drugs. The shares have risen from $25.84 on June 3 to trade at $29.37 on July 2. It may be prudent to sell some shares prior to RMD’s full year result.
SELL – VanEck Gold Miners ETF (GDX)
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This exchange traded fund provides exposure to a diversified global portfolio of gold companies. A soaring gold price in the past few years has contributed to the strong performance of GDX. The ETF has risen from $59.36 on January 6, 2025 to trade at $94.89 on July 2, 2026. We are bearish about the outlook for gold in response to a stronger US dollar and potentially rising interest rates. Even at weaker levels, we can’t justify the gold price. We would be inclined to take a profit in GDX at these levels.
Blake Halligan, Catapult Wealth
BUY RECOMMENDATIONS
BUY – BHP Group (BHP)
The global miner holds dominant positions in iron ore and copper and is leveraged to increasing demand during the energy transition. A review of the Jansen stage 2 potash project in Canada resulted in a cost blowout of about $US2 billion to $US6.9 billion. Despite the Jansen impairment and the risk of industrial action at iron ore operations in the Pilbara region of Western Australia, near term earnings momentum remains strong. Elevated copper prices and strong iron ore prices supported performance in full year 2026. The balance sheet remains robust with low net debt, while a recent dividend yield above 3 per cent adds income appeal. BHP offers cyclical upside and long term growth exposure to copper.
BUY – ResMed Inc (RMD)
ResMed is a global leader in sleep apnoea devices and digital health platforms, benefiting from strong structural demand and resilient clinical positioning. Despite the progression in GLP-1 therapies for treating sleep apnoea, ResMed’s CPAP (continuous positive airway pressure) treatments remain superior at this point in time. RMD continues to offer appealing growth, income and defensive healthcare exposure.
HOLD RECOMMENDATIONS
HOLD – Steadfast Group (SDF)
Steadfast operates a large general insurance broker network. SDF received a cash takeover offer at $6 a share, resulting in an enterprise value of about $7.7 billion and a 51.9 per cent premium to Steadfast’s closing price of $3.95 on June 9, 2026. The conditional, indicative and non-binding offer was lodged by Amwins Group and Dragoneer Investment Group. SDF has granted a period of due diligence. SDF shares were trading at $5.10 on July 2. Hold for potential upside, but there is no certainty any transaction will eventuate.
HOLD – Woodside Energy Group (WDS)
Woodside Energy is a major Australian LNG producer with a portfolio of global gas projects. The company is increasing its stake in the Browse joint venture to 41.27 per cent via a $US225 million deal, reinforcing its strategy to extend the life of the North West Shelf. This adds long term upside along with the Scarborough project, which is 94 per cent completed. However, regulatory uncertainty, rising costs and policy risks in Australia temper the outlook. While growth options are significant, execution and approvals risk support a balanced hold stance at current valuation levels.
SELL RECOMMENDATIONS
SELL – ASX Limited (ASX)
ASX operates Australia’s primary securities exchange and clearing infrastructure. Recent updates highlight a material cost reset, with total expense growth guidance of between 18 per cent and 21 per cent in full year 2027 versus consensus of about 7 per cent. Capital expenditure guidance has increased to between $180 million and $200 million, reinforcing a structurally higher investment phase. Leadership transition and technology execution risks suggest better opportunities may exist elsewhere.
SELL – PLS Group (PLS)
PLS Group is a leading Australian lithium producer focused on spodumene concentrate. Over the past three months, sentiment has been driven by a sharp rebound in spot spodumene prices and improving earnings expectations. Stronger spodumene prices are triggering global supply re-starts and expansions. The company’s valuation already reflects elevated prices amid supply growth potentially adding pressure on margins.
James Bills, Shaw and Partners
BUY RECOMMENDATIONS
BUY – L1 Long Short Fund (LSF)
LSF provides exposure to global long and short strategies managed by a well regarded investment team with a strong long term track record. The fund’s flexible approach enables it to capitalise on rising and falling markets, which is particularly effective in volatile macroeconomic conditions. Management’s meaningful co-investment aligns interests with investors, while the portfolio’s global positioning offers diversification beyond Australian financial markets. Recent performance has demonstrated resilience, with the fund continuing to offer an attractive blend of growth potential and income generation within a diversified portfolio.
BUY – Hearts and Minds Investments (HM1)
HM1 offers investors access to a concentrated portfolio of high conviction global equity ideas sourced from leading fund managers across the world. The unique structure, combined with its philanthropic component, has attracted some of the industry’s top investors, enhancing the quality of stock selection. The portfolio is tilted towards innovative, growth oriented companies with long term upside potential. It also pays a fully franked dividend. HM1 was recently trading at a discount to net tangible assets. In our view, the company provides an appealing entry point for investors seeking exposure to global growth themes with strong management backing.
HOLD RECOMMENDATIONS
HOLD – BHP Group (BHP)
BHP remains a cornerstone of the Australian sharemarket, underpinned by its scale, diversified commodity exposure and strong balance sheet. While iron ore continues to drive earnings, BHP is increasingly leveraged to future-facing commodities, including copper, where demand is expected to increase significantly due to growth in data centres and electric vehicles. Despite near term volatility in commodity prices and sensitivity to global growth, the company’s disciplined capital management and strong cash generation support shareholder returns. Holding remains appropriate given its quality asset base and exposure to long term structural demand trends.
HOLD – Wesfarmers (WES)
Wesfarmers continues to demonstrate strength through its diversified portfolio of businesses, particularly with solid contributions from retail giants Bunnings and Kmart. The group’s ability to generate consistent earnings and reinvest capital effectively supports its premium valuation. Recent updates indicate stable trading conditions, although cost pressures and a softer consumer backdrop may limit near term growth. While the company remains a high quality industrial with strong management, its current valuation suggests more of a balanced risk-reward profile, which supports a hold stance.
SELL RECOMMENDATIONS
SELL – Woolworths Group (WOW)
Woolworths is facing increasing competitive pressure in the supermarket sector, along with possible margin compression driven by higher operating and supply chain costs. While the share price has made a notable recovery since October 2025, the outlook is challenging given increasing cost of living pressures among price sensitive shoppers. With a relatively modest dividend yield and limited short term catalysts, it may be prudent to reduce exposure and redeploy capital into opportunities with stronger growth prospects.
SELL – Endeavour Group (EDV)
Endeavour operates liquor outlets, hotels and gaming facilities. It’s navigating a more challenging consumer environment amid cost pressures in fiercely competitive sectors. While the company has a strong asset base and market position, we believe near term performance is likely to remain subdued. With limited catalysts for a re-rating, the stock lacks appeal at this stage of the cycle, in our view. The shares have fallen from $4.04 on March 2 to trade at $3.375 on July 2.
General Advice Warning
The views expressed above are general in nature and do not take into account your personal financial objectives, situation or needs. You should consider whether this information is appropriate for you and seek personalised financial advice before acting on it.
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.
