If you are looking for some new additions to your portfolio in March, then the ASX 200 stocks listed below could be worth a close look.
That's because they have been named on Bell Potter's Australian Equities Panel for the month. The broker notes that these are the shares that it believes "offer attractive risk-adjusted returns over the long term."
We have already covered two stocks on the list here. Let's now take a look at three more of the broker's top picks for the month. They are as follows:
Analysts at Bell Potter think that carsales.com.au owner CAR Group could be an ASX 200 stock to buy this month.
The broker has added the company to its Australian Equities Panel this month following a pullback in its share price. It feels this has created an attractive buying opportunity. It said:
CAR presents an attractive investment opportunity following its recent pullback, with the stock trading at a 12-month forward P/E of ~35x and ~15% projected earnings growth over the next few years. The company continues to enhance yields across its platforms while benefiting from a scalable global expansion strategy that allows it to replicate its model across international markets.
Another ASX 200 stock that has been added to the Australian Equities Panel this month is retail giant Harvey Norman.
The broker believes it has a compelling valuation compared to peers and is positive on its outlook due to interest rate cuts. It explains:
We view HVN's valuation more compelling, particularly given its additional exposure to furniture and land portfolio relative to JBH and WES. In addition, we see the company as a key beneficiary of RBA rate cuts as the housing market returns to a more buoyant phase, aided by rising disposable income and house prices during the rate-cutting cycle that should buoy consumer sentiment.
Finally, this Indonesia-based nickel producer has been named as an ASX 200 stock to buy in March by Bell Potter.
It added the company's shares to its Australian Equities Panel on the belief that they are cheap at current levels. The broker explains:
NIC continues to generate positive cash flows in a tough nickel market and is set to deliver major growth milestones in CY25 across its highest margin nickel operations. Given the forecast high production growth and potential for a very large free cash flow uplift in the next 2 years, NIC presents a compelling story and appears cheap at current valuation.
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