It’s hardly surprising that many investors are concerned about the direction of the stockmarket. Reasons for continuing volatility seem to abound.
Interest rates and inflation have been rising. Energy prices are a particular concern. House prices have been falling. Consumer confidence seems to be ebbing. The war in Ukraine has brought political instability to Europe. Recession could follow. And is the Covid pandemic really coming to an end?
Top Stocks 2023, the 29th edition, is written for times such as these, when the future is cloudy. Because no matter the direction of the stockmarket, numerous fine companies continue to emerge in Australia, offering investors great prospects. Top Stocks 2023 showcases many such companies.
Of the 93 companies in the book - two more than in the previous year’s edition - 69 reported a higher after-tax profit in the latest financial year (June 2022 for most of them), including eight that achieved triple-digit profit growth and a further 53 with double-digit growth. In addition, 69 achieved higher earnings per share and 73 paid a higher dividend.
And though share prices
