If you are looking for investment ideas, then it could be worth considering the two ASX 200 shares in this article.
They have been named on Bell Potter's Australian equities panel. These are the shares that it believes "offer attractive risk-adjusted returns over the long term."
Its analysts also "consider the current macro-economic backdrop and investment environment, focusing on quality companies with proven track records, strong management teams and competitive advantages."
Let's see what the broker is recommending in February:
Bell Potter thinks that BHP could be an ASX 200 share to buy this month.
BHP is of course one of the world's largest miners. It produces copper for renewable energy, iron ore and metallurgical coal for steel for new infrastructure, and potash to support more sustainable farming.
The broker is positive on BHP due largely to its exposure to copper. It also sees potential for the miner to benefit greatly from further Chinese stimulus measures in 2025. Bell Potter said:
BHP presents an attractive investment proposition, providing exposure to both copper and the potential upside from further Chinese stimulus measures. BHP is one of the top three global producers of copper and has the largest copper endowment of any company globally. BHP operates the Escondida mine in Chile, where they have a 57.5% ownership stake.
Another ASX 200 share that could be a buy this month according to analysts at Bell Potter is Coles.
It is of course one of the big two supermarket operators in Australia. In addition, the company has operations in liquor and financial services, as well as a 50% ownership interest in Flybuys.
Bell Potter is feeling positive about the company's outlook. This is due to lowering costs, higher immigration, and the modernisation of its supply chain. It expects the latter to help Coles close the gap on rivals when it comes to online and digital shopping. The broker explains:
Costs are expected to remain elevated but should moderate through FY24 and FY25 as general inflation tapers off. In the medium term, 1) higher immigration should support grocery spending, and 2) Coles is entering a period of elevated capex intensity as it reinvests to modernise its supply chain and to catch up to competitors on online and digital offerings, which should help Coles maintain its market position.
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