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Date : 04/04/2023

Best ASX Stocks To Buy Now For Your April 2023 Portfolio

With the start of April 2023, the ASX market is once again buzzing with investment opportunities, and investors are keen to find the best shares to buy. Here are the best ASX stocks to buy now that have fallen onto our radar. 

Best ASX Stocks To Buy For April 2023

Ramsay Healthcare (ASX: RHC)

Ramsay Healthcare (ASX RHC) operates hospitals and clinics in Australia, France, the United Kingdom, Sweden, Norway, Denmark, Germany, and Malaysia. The company’s primary focus is on the provision of healthcare services, including surgical, medical, and diagnostic services. Ramsay Healthcare operates more than 400 facilities worldwide and has a market capitalisation of approximately AUD 15.03 billion as of March 2023. We anticipate annual earnings growth of ASX:RHC financials by 20.65%.

The $180 million redevelopment of Warringal Hospital in Victoria, which will almost double the facility’s size to a 290-bed facility, is a strong example of the new projects that will contribute to the company’s growth. Additionally, a new operating theatre, onsite radiology services, and more medical consultation spaces are just some of the new features that will be added as part of the $30 million expansion of Port Macquarie Hospital. 

best asx stocks to buy now rhc share
Source: Tradingview.com

 

Temple & Webster Ltd (ASX: TPW)  

Temple & Webster (ASX TPW) is an Australian-based online retailer of furniture and home goods. Temple and Webster operates an e-commerce platform that offers a range of products from well-known brands as well as its private label offerings. 

Temple & Webster Group’s future looks bright, as its profits are projected to increase by 53% over the next two years. The TPW share might see higher valuations, thanks to an expected increase in cash flow. According to their H1 FY23 Financial Highlights, their revenue was $207.1M with a cash balance of $102.4M on December 31, 2022. Their debt-free financial standing gives them enough resources for expanding their current market presence and exploring new, external growth avenues.

best asx stocks to buy now tpw share
Source: Tradingview.com

 

Core Lithium (ASX: CXO) 

Core Lithium (ASX CXO) is an exploration and development company focused on lithium resources in the Northern Territory of Australia. Core Lithium Ltd’s primary focus is on its flagship Finniss Lithium Project, which is located approximately 25 kilometres from Darwin. The annualised profit growth of the company is 36.56%. Last year, CXO share investors had a return of 47%, significantly beating the ASX 200’s performance of 7%.

best asx stocks to buy now cxo share
Source: Tradingview.com

 

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