Brokers' top picks and catalyst ideas for October

LiveWire10-03

If September was about digesting reporting season, October is about catalysts. Several brokers have refreshed their top calls with a focus on digital payments, housing demand, data centres, and ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBrokers' top picks and catalyst ideas for October\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-10-03 09:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.livewiremarkets.com/wires/brokers-top-picks-and-catalyst-ideas-for-october><strong>LiveWire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>If September was about digesting reporting season, October is about catalysts. \nSeveral brokers have refreshed their top calls with a focus on digital payments, housing demand, data centres, and ...</p>\n\n<a href=\"https://www.livewiremarkets.com/wires/brokers-top-picks-and-catalyst-ideas-for-october\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MQG.AU","symbol_name":"Macquarie","start_time":0,"source_url":"https://www.livewiremarkets.com/wires/brokers-top-picks-and-catalyst-ideas-for-october","article_id":"2572520782","we_media_id":null,"thumbnails":[],"rights":{"source":"livewire_stock","url":"https://www.livewiremarkets.com/wires/brokers-top-picks-and-catalyst-ideas-for-october","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2572520782","pubTimestamp":1759456479,"columns":[],"sourceInfo":{"source_id":"livewire_stock","name":"Livewire Markets"},"weMediaInfo":null,"summary":"If September was about digesting reporting season, October is about catalysts.Several brokers have refreshed their top calls with a focus on digital payments, housing demand, data centres, and corporate transformation agendas.Here’s a look at what Bell Potter, Morgan Stanley, Citi, and Macquarie see as the most compelling ideas this month.Bell Potter’s October calls span three sectors - payments infrastructure, resources, and software - each with clear catalysts.Cuscal – payments backbone outside the big four. Cuscal is the go-to provider of digital payments infrastructure for mutual banks and fintechs. With mobile wallets now accounting for 51% of debit card transactions and M&A activity heating up among smaller banks, Bell Potter sees strong growth prospects.\"We expect contract wins and capability uplift to drive above. of Indue which is expected to derive run-rate cost synergies of +$15-20m from FY29,\" Bell Potter says.Bell Potter cites GDG’s exposure to structural superannuation an","collect":0,"end_time":0,"defaultTopTitle":"livewiremarkets.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"MQG.AU":"Macquarie","BK4127":"投资银行业与经纪业","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","QOR.AU":"QORIA LTD","APE.AU":"Eagers Automotive Ltd","BK7510":"REITs概念","GMG.AU":"GOODMAN GROUP","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","LU2111349929.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (HKD) INC","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","GDG.AU":"GENERATION DEVELOPMENT GROUP","BK7089":"人寿与健康保险","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","BK7504":"锂钴概念","LU1732799900.SGD":"JPMorgan Investment Funds - Global Income A (irc) SGD-H","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","BK7046":"综合性资本市场","MIN.AU":"MINERAL RESOURCES LTD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","APE":"AMC Entertainment Preferred","LU0158827781.USD":" ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0971096721.USD":"富达环球金融服务 A","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU1548497426.USD":"安联环球人工智能AT Acc","GLF.AU":"Gemlife Communities Group","CCL.AU":"Cuscal Ltd","LU0912757837.SGD":"JPMorgan Investment Funds - Global Income A (mth) SGD-H","COI.AU":"COMET RIDGE LTD","HUB.AU":"HUB24 LTD","BK4534":"瑞士信贷持仓","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","BK4581":"高盛持仓","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","BK7155":"工业房地产信托","SGP.AU":"STOCKLAND","LU0882574139.USD":"富达环球消费行业基金A ACC","LU2347655156.SGD":"JPMorgan Investment Funds - Global Income A (icdiv) SGD-H","ANZ.AU":"ANZ GROUP HOLDINGS LTD","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","ROE":"ASTORIA US QUALITY KINGS ETF","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU0795875086.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD","BK4585":"ETF&股票定投概念","BK7507":"资源股"},"translate_title":"10月份经纪商的首选和催化剂想法","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ANZ.AU":1,"HUB.AU":1,"MQG.AU":0.9,"COI.AU":1,"SGP.AU":1,"ROE":1,"QOR.AU":1,"GDG.AU":1,"GMG.AU":1,"APE.AU":1,"MIN.AU":1,"CCL.AU":1,"APE":1,"GLF.AU":1},"content_text":"If September was about digesting reporting season, October is about catalysts. \nSeveral brokers have refreshed their top calls with a focus on digital payments, housing demand, data centres, and corporate transformation agendas.\nHere’s a look at what Bell Potter, Morgan Stanley, Citi, and Macquarie see as the most compelling ideas this month.\nBELL POTTER'S IDEAS\nBell Potter’s October calls span three sectors - payments infrastructure, resources, and software - each with clear catalysts.\nCuscal (ASX: CCL) – payments backbone outside the big four\nCuscal is the go-to provider of digital payments infrastructure for mutual banks and fintechs. With mobile wallets now accounting for 51% of debit card transactions and M&A activity heating up among smaller banks, Bell Potter sees strong growth prospects.\n\"We expect contract wins and capability uplift to drive above \nsystem growth, reflecting its ownership of key assets. Modest operating leverage through \nscale then gets us to low double digit NPAT growth. This is augmented by the acquisition \nof Indue which is expected to derive run-rate cost synergies of +$15-20m from FY29,\" Bell Potter says.\nThe broker rates Cuscal a Buy, and raised its 12-month price target to $4.60, from $4.50 previously.\nMineral Resources (ASX: MIN) – lithium leverage and services stability\nFor Mineral Resources, FY26 is framed as a pivotal year. The company is ramping up iron ore sales at Onslow, while its lithium portfolio provides upside leverage if markets recover.\n“The ramp-up of Onslow iron ore sales will support improved cash flows and balance sheet deleveraging. MIN is strategically positioned to benefit from a recovery in lithium markets, with around 450ktpa (SC6 attributable) of offline spodumene production capacity. MIN’s mining services platform delivers a stable, recurring earnings stream that is expected to expand with internal and third-party volume growth,\" Bell Potter says.\nThe broker rates MinRes a Buy, and raised its 12-month price target by a whopping 35% to $40.\nQoria (ASX: QOR) – SaaS name approaching Rule of 40\nBell Potter initiated on Qoria with a Buy rating and a $0.90 target, calling it a software company at an inflection point.\n“In our view Qoria is at or around an inflection point with the company expecting to become free cash flow positive in FY26. The FY26 guidance also suggests Qoria expects to achieve the Rule of 40 for the first time with revenue growth of 20% or more and an underlying EBITDA margin above 20%,\" the broker says.\nCatalysts include the October and January quarterlies, traditionally strong periods thanks to back-to-school demand in the northern hemisphere and festive-season momentum. \nGeneration Development Group (ASX: GDG) - New core holding\nAs part of its Core Portfolio changes, the broker said it added Generation Development Group at a 2% weight, while concurrently removing HUB24 (ASX: HUB). \nBell Potter cites GDG’s exposure to structural superannuation and managed account growth, margin expansion from the Evidentia acquisition, and diversified revenue streams spanning investment bonds, Lonsec research, and managed accounts.\n“We see GDG at the beginning of a multi-year growth runway, with FY25 marking a transformative year through the successful integration of Lonsec and the strategic acquisition of Evidentia. GDG’s revenue model is inflow-driven rather than overly reliant on market performance, insulating earnings from volatility relative to peers,\" the broker says.\nMorgan Stanley's ideas\nStockland (ASX: SGP) & GemLife (ASX: GLF) – “investors are back”\nMorgan Stanley’s 8th AlphaWise Household Survey painted the most bullish picture yet for residential property sentiment. With 77% of respondents expecting prices to rise (average +5.7% over the next year), the broker argues demand for detached homes and townhouses will lift volumes, and benefit A-REITs with residential real estate exposure.\nSpecifically, Morgan Stanley is:\n\nOverweight Stockland (SGP, PT $6.90): best leveraged to detached housing demand.\nOverweight GemLife (GLF, PT $5.40): a beneficiary of renewed investor interest.\nEqual-weight Mirvac (MGR, PT $2.40): apartment demand still lagging, but upside if investor participation keeps building.\n\n“Investor intentions to buy almost doubled this year (55% of responses in 2025, vs 35% in 2024); we think higher activity in this segment will sustain the next leg of resi sales in FY26,\" Morgan Stanley says.\nThe broker also flagged the expanded First Home Guarantee (5% deposits) as a meaningful policy tailwind for transaction volumes through FY26.\nANZ (ASX: ANZ) – Potential re-rate on 13 October\nSeparately, Morgan Stanley has tagged ANZ as a “catalyst-driven idea” ahead of its CEO Strategy Update on 13 October.\nThe event is expected to unveil medium-term financial targets alongside a productivity agenda. Morgan Stanley’s base case is that the new CEO Nuno Matos will announce the following targets:\n\n 11–12% return on equity (ROE)\nCost-to-income ratio (COI) of <48%\n~A$1.5bn in cost savings over three years\n\n\n“We think confirmation of ROE and CTI targets would [be] welcomed by investors and more clarity on cost savings would see consensus 1–2 year forward ROE estimates move to 10–10.5% and support current multiples,\" Morgan Stanley says.\nA more ambitious outcome (12% ROE, ~45% CTI, A$2bn savings) could push the share price towards $36–38.\nciti's idea\nGoodman Group (ASX: GMG) – new customers inbound and dry powder\nCiti has reiterated its Buy rating on Goodman Group (GMG) with a $40 target price, highlighting two major catalysts:\n\nThe topping out of its LAX01 Vernon data centre in Los Angeles – a key milestone with leasing deals expected soon. The facility will provide up to 32MW of IT power by 2026.\nA US$1.3 billion (A$2bn) logistics partnership with a large Australian institutional investor, which both diversifies funding and underlines Goodman’s strength in capital-light development.\n\n“This highlights the fact that Goodman is currently 1) executing on data centre developments and getting closer to possible execution of a leasing deal and 2) raising funding in logistics assets, creating further dry powder for development and investment,\" Citi says.\nCiti argues that Goodman’s ability to scale both logistics and AI-linked data centres puts it ahead of traditional REIT peers.\nMACQUARIE'S IDEA\nEagers Automotive (ASX: APE) - The Gorilla travels north\nMacquarie remains positive on Eagers Automotive (APE), highlighting the A$1.04 billion acquisition of CanadaOne as a transformational deal that positions APE among the top-5 global auto retailers. The acquired business offers structurally higher margins and a Dealer Equity Partner model that aligns incentives.\nHowever, the stock has already run ahead of Macquarie’s $29.98 target, trading above that level in early October.\n“We believe APE’s recent re-rate is justified, reflective of 1) its increasing quality premium; 2) offshore growth opportunities; 3) potential earnings upgrade cycle; and 4) rate cuts,\" Macquarie says.\nOutperform, but valuation is now stretched relative to its target price.\n\n\n\nNever miss an update\n\n    Enjoy this wire? 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