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If I could only buy and hold a single ASX stock right now, this would be it


Published on 2025-02-21 13:01:09 - MSN
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  • This business has a lot of positives. The post If I could only buy and hold a single ASX stock right now, this would be it appeared first on The Motley Fool Australia.

The article from MSN Money discusses the author's choice for the best ASX stock to buy and hold indefinitely, which is CSL Limited (ASX: CSL). CSL is highlighted for its strong performance in the healthcare sector, particularly in blood plasma products and vaccines. The company has shown consistent growth, with its share price increasing significantly over the past decade. Key points include CSL's robust financial health, its strategic acquisitions like the recent purchase of Vifor Pharma, and its ongoing research and development efforts, which promise future growth. The author emphasizes CSL's resilience during economic downturns, its global market presence, and the increasing demand for healthcare products as reasons why it would be a solid long-term investment. Despite its high valuation, the potential for continued growth and stability makes CSL an attractive option for investors looking for a single stock to hold for the long term.

Read the Full MSN Article at:
[ https://www.msn.com/en-au/money/top-stocks/if-i-could-only-buy-and-hold-a-single-asx-stock-right-now-this-would-be-it/ar-AA1zxdue ]
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