If you are on the lookout for the winning combination of market-beating returns and an attractive (who isn't?), then it could be worth checking out the two ASX stocks in this article. That's because the team at Morgans thinks so highly of these stocks that it has put them on its best ideas list this month and is tipping very big returns over the next 12 months. Here's what you need to know about these stocks: ( ) Morgans thinks this property company is great value at current levels and sees scope for the ASX stock to re-rate to higher multiples.
Particularly given that demand for its offering is improving and should result in improving margins in the near future. The broker explains: CWP is a volume business and the demand for lots looks to be improving, with margins to invariably follow. CWP's exposure to lower priced stock in higher growth markets sees further potential to drive earnings.
On this basis, we see every reason for CWP to trade at NTA and potentially at a premium, were the housing cycle to gain steam through FY25/26. Morgans has an add rating and $5.60 price target on its shares.
This implies potential upside of 20% for investors from current levels. In addition to this upside, the broker is forecasting a 4.3% dividend yield from its shares.
( ) Another ASX stock that could be a buy according to Morgans is youth fashion retailer Universal Store. The broker likes the company due to its growth opportunities and resilient target market. It said: Our positive view a.
