It’s going to be more challenging to generate decent returns this financial year as the risk of a global trade spat and less accommodative monetary policies around the world will drag on profit growth.
This means your ability to pick winning stocks will become ever more important if you want to outperform the S&P/ASX 200 (Index:^AXJO) (ASX:XJO) index.
On that note, Morgans is highlighting its five “conviction buy” recommendations that it believes offers the best risk-adjusted return for your investment dollar. In order words, these are companies where the broker has the most confidence that they will achieve their growth potential.
This first is Kina Securities Ltd (ASX: KSL) as the broker thinks it is one of the most mispriced stock on the market.