I am bullish on Pilbara Minerals Ltd (ASX:PLS) as Pilbara Minerals shares have been a star performer in 2022, it is ranked number one on the 2022 list of Top 10 hot ASX stocks in the Tiger Community and it is also one of Australia’s biggest listed pure-play lithium mining players.

As of February 2023, Pilbara Minerals Ltd has a market cap of AUD14.66B in Market Capitalization.

Pilbara is among the world’s top 10 global lithium producers. It is one of the very few ASX lithium shares that is actually producing lithium. Many others are explorers in the early stages of building mines.

So, looking long term, Pilbara is well placed in that sense because it’s establishing customer relationships now, well in advance of other ASX lithium companies that don’t yet have anything to sell.

Another long-term positive for Pilbara Minerals shares is the direct link to two major emerging investment trends — decarbonisation and electric vehicles (EVs).

As reported in The Australian, Wealthi economist Peter Esho estimates there are six or seven million EVs globally today. That’s expected to rise to at least 150 million by 2030. In short, that means a tonne (or rather billions of tonnes) of demand for lithium.

Pilbara Minerals competitive advantage lies in its Western Australian mine. The Pilgangoora Project, has an estimated mine life of 26 years and a maximum production capacity of 580,000 tonnes per annum.  

Top10: The most popular ASX stocks of 2022🌟🌟

@Tiger_AU
Hi Aussie, I would like to share with you the most popular stocks and ETFs among Australian users on Tiger Trade. Have you traded any of these stocks before? The year 2022 was a challenging one for investors due to increased interest rates. Nevertheless, investors still made excess returns through certain stocks, including mining stocks, energy stocks, etc. Let's see what happens. $Pilbara Minerals Ltd(PLS.AU)$ Pilbara Minerals owns 100% of the large Pilgangoora Lithium Project in Western Australia. After a slow start to the year, the company's shares recovered in the second quarter of 2022 as lithium prices rose. Margin growth was due more to higher lithium prices than to an increase in production. $Lake Resources NL(LKE.AU)$ Lake Resources NL is a lithium exploration company. The principal activities of the company are the exploration and development of lithium brine projects and lithium hard rock projects; and exploration of minerals. Lake Resources initially benefitted from the lithium boom through June 2022. After the unexpected departure of the CEO, the company's shares fell by 55%. The recent surge can be attributed in part to the DLE technology, which was integral to the success of the Kachi Project in Argentina. $Betashares Asia Technology Tigers(ASIA.AU)$ It tracks the 50 largest technology and ecommerce companies that have their main area of business in Asian. Among its biggest holdings you'll find the likes of ecommerce giant Alibaba, search engine Baidu, online retailer JD.com, and WeChat owner Tencent. $Core Exploration Ltd(CXO.AU)$ Core Lithium Ltd engages in the development of lithium and various metal deposits in Northern Territory and South Australia.Share prices have been boosted by announcements of the acquisition of a new project in April and high grade lithium discoveries in August $Global Energy Companies ETF(FUEL.AU)$ Betashares Global Energy Companies ETF - Currency Hedged (FUEL)aims to track the performance of the NASDAQ Global ex-Australia Energy Hedged AUD Index. With oil prices trading above US$80 per barrel, energy producers are generating significant free cash flow at present. Among its holdings are the likes of BP, Chevron, ExxonMobil, and Royal Dutch Shell. $Betashares Global Cybersecurity(HACK.AU)$ It covers a specific sector in cybersecurity. Its portfolio is dominated by US shares. Among its holdings include Okta, Broadcom, Fortinet and Cisco Systems. $Zip Co Ltd(ZIP.AU)$ Zip has fallen since the end of 2021, as a result of a general decline in the tech sector and concerns regarding the company's future. In July, the stock had a small rally, but in August, it was confirmed that the business was still not profitable. Furthermore, they are facing increasing competition, particularly from Apple, which has entered the payments market as well. $BHP GROUP LTD(BHP.AU)$ BHP is a natural resources company that discovers, acquires and markets various commodities including iron ore, coal, nickel, copper, gold and so on.BHP Billiton benefits from strong commodity sentiment in 2022, and with the recent removal of COVID-19 restrictions in China, new demand for commodities is likely to emerge in 2023 $BetaShares Global Healthcare Currency Hedged(DRUG.AU)$ DRUG aims to track the performance of an index that comprises the largest global healthcare companies hedged into Australian dollars. Among its holdings are the likes of ABBVIE INC,PFIZER,JOHNSON & JOHNSON,NOVARTIS and so on. $FORTESCUE METALS GROUP LTD(FMG.AU)$ Fortescue is the fourth largest iron ore producer in the world. At present, their prices are heavily influenced by iron prices and are generally determined by Chinese demand. The decline in 2022 was primarily attributed to concerns about real estate debt levels, while the recent removal of COVID-19 restrictions in China caused the share price to surge. 💡Share Your Insights Please leave a message in the comments section of this post. Have you traded any of these stocks before? and if so, did you make any profits or losses? In regards to these stocks, which ones are you bullish or bearish on, and why? 🎁Prizes 🐯All Tigers who comment on the following post will receive 10 Tiger Coins. 🐯10 Tigers will receive 100 coins for the most popular and high-quality comments. In addition, you get a chance to win USD 5 stock voucher( Australian citizens only 🇦🇺). ⏰Activity Duration 1 February 2023-8 February 2023
Top10: The most popular ASX stocks of 2022🌟🌟

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment20

  • Top
  • Latest
  • breAkdaWn
    ·2023-02-06
    Reply
    Report
    Fold Replies
    • HelenJanetReplying tobreAkdaWn
      I might not be right as I have not really study this stock before. I only go thru’ their finanacial statement for a quick check whether the company’s financial is healthy or not. Please check with those who are more experience with this stock.
      2023-02-06
      Reply
      Report
    • breAkdaWnReplying toHelenJanet
      thanks
      I'll sell mine quickly
      2023-02-06
      Reply
      Report
    • HelenJanet
      I saw alot of red numbers in their financial statement & EPS even though it has been improving since the first quarter of 2022. Not so sure whether it will be able to turn all the red numbers to black/white numbers in 2023.
      2023-02-06
      Reply
      Report
  • LMSunshine
    ·2023-02-11
    Great analysis❣️
    Reply
    Report
  • Chooer
    ·2023-04-09
    👍
    Reply
    Report
  • Taylee
    ·2023-02-05
    👍
    Reply
    Report
  • Jiawei81
    ·2023-02-05
    Gd
    Reply
    Report
  • boomer9595
    ·2023-02-05
    ok
    Reply
    Report
  • CL_Wong
    ·2023-02-05
    Ok
    Reply
    Report
  • Derrick_1234
    ·2023-02-05
    Ok
    Reply
    Report
  • ZTPang
    ·2023-02-05
    OK
    Reply
    Report
  • NiceOne
    ·2023-02-05
    not bad
    Reply
    Report
  • NiceOne
    ·2023-02-05
    greatest
    Reply
    Report
  • AuntieAaA
    ·2023-02-05
    okay
    Reply
    Report
  • Sonsonkok
    ·2023-02-05
    Ok
    Reply
    Report
  • Pettan
    ·2023-02-05
    Noted
    Reply
    Report
  • CheeWee79
    ·2023-02-05
    thanks
    Reply
    Report
  • kjy
    ·2023-02-05
    k
    Reply
    Report
  • Longmao
    ·2023-02-05
    nice
    Reply
    Report