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ASX Top 200 Stocks Down Under 21 November 2021: South32, Nine Entertainment, Lovisa
South32: Diversified miner personified
In today’s edition of ASX Top 200 Stocks Down Under, headquartered in Perth, we last wrote about South32 on 5 May 2020, rating the stock a four-star turnaround story at $1.83 per share. Well now the stock is up 90.7% on the back of massive share buybacks and the opening salvo of a new upswing in the commodities cycle. What really sets South32 apart from other explorers, however, is its mineral diversification. We believe, however, South32 has reached the point where the market may take its foot off the accelerator and may just start cruising higher rather than speeding higher.
Also in today’s edition, a look at media conglomerate Nine Entertainment (ASX: NEC) and fast fashion store Lovisa (ASX: LOV).
We last wrote about the South32, Nine Entertainment, and Lovisa on 5 May 2020, 28 April 2020, and 27 April 2020, respectively.
Click here to read the previous edition of ASX Top 200 Stocks Down Under published 15 November 2021
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