3 ASX shares to buy in May 2021
May 2021 could be a good month to find ASX shares that are growing and could deliver good returns.
But the valuations have to make sense too. No business is a buy at any price.
These options may be good long-term ideas:
This is one of the largest discount retailers in Australia.
The ASX retail share is well liked by brokers that cover it. For example, Morgan Stanley rates it as a buy with a price target of $10. That implies a potential return of over 60% during the next 12 months. But there’s no guarantee of that.
It’s currently going through a cost-cutting program to ensure that the business has the right cost base to be efficient and profitable. Part of the ASX share’s strategy is to make sure its stores aren’t paying…