The Money Puzzle Top stock picks for 2026 (with Jun Bei Liu)
Jan 15, 2026
Jun Bei Liu, Founder and portfolio manager at Ten Cap, shares her insights on stock picking for 2026. She identifies promising sectors like mining due to strong earnings potential, while warning against banks and REITs that may disappoint. Liu discusses how CSL could rebound and highlights mid-tier gold miners as strong bets amidst a complicated market. She recommends Flight Centre for travel recovery and suggests avoiding Temple & Webster, indicating a cautious approach to the current economic climate.
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Gold Stocks Often Lag Spot Gold
- Gold equities lag spot gold due to contracts, operational risk and frequent equity raises.
- Smaller gold producers benefit faster from spot rallies because they lack long-term contracts.
Prefer Mid/Small Gold Producers
- Allocate selectively to mid and small gold miners that are growing production without long-term contracts.
- These names capture higher spot prices and can outperform larger peers.
Gold Rally Backed By Real Demand
- Gold's recent rally is supported by real demand from central banks and under-owned allocations.
- That structural demand makes a collapse less likely in the near term.