Hello everyone. Welcome to the Smart Market Insights here on Kalkine TV. I’m Sage, and today
we will be shining some light on 10 ASX stocks with the best past-year returns on the ASX 200.
The selected stocks have given over 50 percent returns to their shareholders till May 3, 2022.
Lets take a look at them one by one.
First on the list is IVE Group. IVE Group operates in the consumer discretionary sector.
The firm operates through four divisions: Kalido, Pareto Group, Blue Star, and IVEO.
The stock has given a return of 50.36 percent in the past year as of May 3. IVE
shares are currently trading at AU$1.92, up by 0.52 percent.
IVE's revenue grew by 12.2 percent for the six months to December 31 2021.
Net profit after tax was up 99 percent on the corresponding prior period to AU$20.9 million.
Second on the list is Incitec Pivot, which is an Australian multinational corporation
that manufactures fertilisers, and explosives chemicals, besides offering mining services.
The stock has given a return of 50.49 percent in the past
year as of May 3. IPL shares are currently trading at AU$ 3.94, down by 0.51 percent.
Incitec recently informed the ASX that it had restarted production at its US-based
Waggaman ammonia plant. The company further said that the
recommencement of the plant is likely to have a positive impact on its earnings.
Moving on to third on the list is Tower Ltd.
Tower is a New Zealand-based insurance company which provides fire and general insurance.
The stock has given a return of 51.07 percent in the past
year as of Tuesday. TWR shares are currently trading 1.67 percent higher.
Tower completed its capital return of about AU$28.3 million to its shareholders in March.
Moving on. Monash IVF provides reproductive services (particularly
IVF) in Australia and has many labs with cost-effective fertility treatment options.
The stock has given a return of 51.24 percent in the past
year as of May 3. MVF shares are currently trading up 1.22 percent.
In the first half of the 2022 financial year, the company reported an 11.7 percent increment in net
profit after tax. In the second half of 2022, MVF plans to commission a new IVF clinic in Singapore.
Moving along. Turaco Gold (formerly Manas resources Limited)
is an ASX-listed gold exploration company focused on Ivory Coast-based projects.
The stock has given a return of 51.67 percent in the past
year as of Tuesday. TCG shares closed the day's trade at AU$ 0.091 on May 4.
On May 3, Turaco Gold announced that it had received encouraging results from its ongoing
auger program, undertaken at the Tongon North Gold Project.
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Welcome back to Smart Market Insights. I’m Sage. Moving on,
the sixth stock on the list is Challenger Ltd.
Challenger is an investment management
firm focusing on providing Australians with financial security in retirement.
The stock has given a return of 52.01 percent in the past year as of May 3. CGF shares are
currently trading 2.21 percent higher.
Challenger recently revised its fiscal guidance "towards the upper end" of AU$430 million-AU$480
million after sales jumped 10 percent in the third quarter of the financial year 2022..
The seventh stock on the list is ReadyTech Holdings. ReadyTech offers people management
software for educators, employers, and facilitators of career transitions to
complete payroll, human resource admin, and work health and safety management ecosystem.
The stock has given a return of 52.40 percent
in the past year as of Tuesday. RDY shares closed the day's trade at AU$ 3.20 on May 4.
In March, ReadyTech announced that it would buy online recruitment management company
PhoneixHRIS for AU$3.3 million.
8th stock on the list is Petratherm.
Petratherm, together with its subsidiaries, is engaged in mineral exploration activities.
The stock has given a return of 53.33 percent in the past year as of May
3. PTR shares are currently trading 4.76 percent higher.
The company's stock focused a couple of weeks ago after it announced that a recent rotary
air blast drilling in South Australia had revealed significant rare earth occurrences.
9th stock on the list is Garda Property Group (ASX:GDF)
Garda Property invests in commercial and industrial properties and other associated assets.
The stock has given a return of 53.48% in the past year
as of May 3. GDF shares are currently trading 0.60 percent higher.
In the December half of FY2022, Garda Property's net profit rose 520 percent to AU$64.74 million.
The last stock on the list is Golden Deeps. Golden Deeps is an exploration
company that is into discovering and developing mineral deposits.
The stock has given a return of 54.55 percent in the past year as of May
3. GED shares traded 1.7 cents Australian at 10:32 AM AEST on May 5.
In February, Golden Deeps informed the ASX that it had hit high-grade
copper-vanadium-lead mineralisation at the Nosib Block Prospect in Namibia.
Well, that’s all for now. We will be back again with the
exclusive Smart Market Insights Show tomorrow. Till then, keep watching Kalkine TV for the
latest market updates and related insights. I’m Sage, signing off