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ASX Top 200 Stocks Down Under 24 January 2022: Aneka Tambang, Novonix, Judo Capital
Aneka Tambang: All that glisters is not gold
In today’s edition of ASX Top 200 Stocks Down Under, headquartered in Jakarta, Indonesia, dual-listed Aneka Tambang is a diversified Indonesian miner, producing nickel, ferronickel, gold, silver, bauxite and coal through its owned and operated mines. Despite having a market capitalisation of over $5bn, the company’s ASX-listing is its secondary one (primary is the Indonesia Stock Exchange), and it has approximately 1m shares currently outstanding in Australia. In other words, the stock could almost be considered illiquid on the ASX. Keeping that in mind, let’s consider whether it’s worth dealing with the liquidity and currency risk.
Also in today’s edition, a look at battery technology developer Novonix (ASX: NVX) and upstart SME-focused bank Judo Capital(ASX: JDO).
Click here to read the previous edition of ASX Top 200 Stocks Down Under published 17 January 2022