With a forward dividend yield of 5.5% and currently trading at a multiple of 10 times earnings, SLH offers attractive stock price multiples and dividend yield for a sector that is the lifeblood of any economy. SLH provides logistics and supply chain services in Australia, offering port, distribution, and warehousing services. Silk Logistics Holdings Limited ASX:SLH (SLH) With an improved net operating margin of 16%, the price-to-earnings multiple of 22.37 starts to look a little more attractive, with revenue growth averaging nearly 30% on an annualised basis for 2020 through to December 2022.įor investors looking to get into lithium and stay long after the Chinese economic miracle, MIN is a stock worthy of consideration. The bounce back of iron ore on China’s reopening, stickiness in lithium prices and a 10% growth in production has revenue growth TTM v FY2022 back above 29%. The retracement in iron ore in the financial year (FY) 2022 hurt the top and bottom lines as the revenue declined from FY2021. MIN seems to have gotten a handle on rising costs, and the trailing twelve-month (TTM) net operating margin has bounced back to 16% as of year-end 2022. Growing pains have hurt the net operating margin as there has been a decline from 47% in 2020 to 10% in the financial year ended 2022. With demand for lithium in battery production skyrocketing, lithium chemicals continue to attract extremely high prices across the globe, particularly affecting major battery producers like China.Ĭhina’s reopening has further strengthened MIN’s financial position as iron ore prices have rallied 17% this year. Through ownership joint ventures, MIN can leverage its expertise in spodumene extraction when investors are losing patience with the long lead time and spiking development costs of lithium extraction from brine salts. MIN synergies in hard rock extraction have been extended to the operation of two of the world’s largest lithium ore (spodumene) assets. MIN operates as a mining services company in Australia, China, Singapore, and internationally, but the lithium sector draws the most column inches. One is an up-and-coming mineral extractor, and the other is an experienced logistics conglomerate.Mineral Resources & Silk Logistics Holdings.This article will look at two of the weekly stock picks.

Two Investments to Get Your Portfolio Moving.

Assets extractor