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Key points:
Saunders highlights energy market disruptions favouring Viva Energy (ASX:VEA), Ampol (ASX:ALD), Woodside (ASX:WDS), and Santos (ASX:STO)Domestic gold producers Genesis Minerals (ASX:GMD), Capricorn Metals (ASX:CMM), and Gold Road Resources (ASX:GOR) identified for strong growth potentialLithium sector recovery credited to supply challenges in China benefiting Pilbara Minerals (ASX:PLS), Liontown Resources (ASX:LTR), and othersAustralian tech names Zip Co (ASX:ZIP), Xero (ASX:XRO), and SEEK (ASX:SEK) seen as well-placed to adapt to AI developments
Brenton Saunders from Pendal highlights significant shifts in investor sentiment as a result of recent disruptions in the energy market, elevated gold prices, and a lithium sector rebound. Saunders points to the broad-based impact within the energy space, referencing rising jet fuel prices and increased refining spreads, which support companies like Viva Energy (ASX:VEA) and Ampol (ASX:ALD). He says larger players such as Woodside Energy (ASX:WDS) and Santos (ASX:STO) could also benefit from sustained high energy prices, especially as LNG flows are redirected in response to geopolitical events.
Turning to gold, Saunders identifies strong ongoing demand, driven by emerging market central banks looking to reduce US dollar reliance. He singles out domestic gold producers like Genesis Minerals (ASX:GMD), Capricorn Metals (ASX:CMM), and Gold Road Resources (ASX:GOR) as well-managed operators with robust growth pipelines, viewing recent share price volatility as a potential entry point for investors interested in organic growth.
On lithium, Saunders notes the sector’s recovery following last year’s downturn, with supply disruptions in China and surging energy storage demand benefiting producers like Pilbara Minerals (ASX:PLS), Liontown Resources (ASX:LTR), and Mineral Resources (ASX:MIN), as well as developers such as Wildcat Resources (ASX:WC8). In tech, Saunders favours Australian companies including Zip Co (ASX:ZIP), Xero (ASX:XRO), and SEEK (ASX:SEK), expecting their strong business models to harness AI rather than be undermined by it.
