ASX stocks to be kept under watch

The following ASX stocks offer a combination of strong financial performance, structural growth tailwinds and resilient business models making it compelling for investors to monitor closely.

Sonic Healthcare Limited (ASX: SHL) 

operates as a global leader in pathology and diagnostic services with a strong presence across Australia, the USA, Germany, Switzerland and the UK where it delivers high value medical testing and laboratory services.

The company in FY2025 reported revenue of $9,645 million which rose 8% year-on-year, EBITDA of $1,725 million which increased 8% and net profit of $514 million which grew 7%.
Management has reaffirmed FY2026 EBITDA guidance of $1.87 to $1.95 billion in constant currency terms which implies potential growth of up to 13% supported by organic revenue growth of 5% and steady margin improvement.

The company continues to expand through disciplined acquisitions which include the strategic purchase of LADR in Germany that adds scale to its European operations and is expected to be immediately earnings per share accretive with strong post synergy returns.
Sonic’s strategy focuses on specialised diagnostics, precision medicine and complex testing which benefit from ageing populations and the rise in chronic healthcare conditions across developed markets.

The company has a current market capitalisation of $10.57 billion and an annual dividend yield of 5% while operating cash flow reached $1,297 million which reflects a 21% improvement from the prior year.

Sonic Healthcare offers defensive healthcare earnings, global diversification and long-term structural growth drivers which makes it a stock worth watching closely.

Goodman Group (ASX: GMG) 

is a stock to watch out for as it benefits from global demand for logistics infrastructure and data centres which are supported by a strong development pipeline and disciplined capital management.
The Group’s total property portfolio as at 30 September 2025 stood at $85.9 billion with $12.4 billion of development work in progress which is expected to rise to more than $17.5 billion by June 2026 as major data centre projects begin.

Data centres account for 68% of work in progress which shows the company’s rising exposure to hyperscale cloud and AI driven demand across key global cities.
Portfolio occupancy remains solid at 96.1% while like-for-like net property income growth came in at 4.2% and the company over the past 12 months leased 3.7 million square metres which equals $519 million of annual rental income.

The company offers exposure to long-term structural themes such as e- commerce logistics automation and AI driven data centre expansion which are supported by high quality assets located in supply constrained metropolitan markets.

(Source: Company Announcements)