4 of the best ASX shares to buy before 2021

Aaron Teboneras | September 7, 2020 10:44am

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If you have any spare cash sitting in your account, now would be the time to invest in these quality ASX shares. As the S&P/ASX 200 Index (ASX: XJO) fell heavily last Friday and is down again today, I don’t believe these ASX shares will be trading at bargain prices for long.

Below, I have carefully selected what are I think are the best 4 ASX shares to own before the end of the year.

Altium Limited (ASX: ALU)

The Altium share price hasn’t fared too well since the coronavirus pandemic swept the world. The 3D printed circuit board maker revealed it missed its full-year 2020 target of revenue above US$200 million. Altium recorded US$189.1 million in revenue for FY20, a rise of 10% on the prior year. Net profit after tax dived 42% to US$30.9 million.

The company reaffirmed its commitment to a 2025 target for market dominance of US$500 million in revenue and 100,000 subscribers. However, that achievement may be delayed 6-12 months due to COVID-19 impacts.

The Altium share price is trading at $34.05, 20% down from its all-time high of $42.76 in February.

CSL Limited (ASX: CSL)

This global biotech leader in developing and delivering life-saving medicines has been hit from the latest market sell-off. Just last month on the back of its positive FY20 results, the CSL share price topped at $317.99. It’s now trading at $286.96.

CSL recently reassured investors that its 5% plasma collection drop was only short-term and the company had taken measures to address this. Further, CSL’s ongoing partnership with the University of Queensland (UQ) and the Coalition for Epidemic Preparedness Innovations (CEPI) for the development of a COVID-19 vaccine is expected to be 12-18 months away.

Northern Star Resources Ltd (ASX: NST)

Every portfolio should have at least one established gold company, and Northern Star or Newcrest Mining Limited (ASX: NCM) should be on your list.

The rising spot price of gold has led to Northern Star rewarding shareholders with a special dividend thanks to its bumper FY20 results. The Northern Star share price is up 16.6% since the start of the year to $13.18 and it could go much higher due to the economic uncertainty in global markets.

Furthermore, the gold mining and exploration company has invested US$800 million to acquire 50% of Kalgoorlie Consolidated Gold Mines (KCGM). The recent acquisition will undoubtedly underpin future growth through its Fimiston Super Pit, said to be the biggest open pit gold mine in Australia.

Pointsbet Holdings Ltd (ASX: PBH)

Pointsbet has been creating huge tailwinds in the past month. The corporate bookmaker reported an unexpected strong FY20 result and more specifically, a new 5-year exclusive partnership with major United States media company NBC Sports.

The Pointsbet share price has gone from its March lows of $1.10 to $13.69. That is an increase of more than 1200% in the space of 6 months! At the moment, the Pointsbet share price is in a trading halt pending a capital raising to eligible shareholders following its completed $200 million institutional placement. The funds will be used to support marketing costs across the United States, and further client acquisition and retention.

Pointsbet shares are expected to resume normal trading on 9 September.

Where to invest $1,000 right now

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Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.