WAM highlights Codan and Megaport as ASX 200 growth picks

Wilson Asset Management, an Australian investment manager, has highlighted Codan and Megaport as promising companies in its portfolio.

Both are listed on the S&P/ASX 200, an index of major Australian companies.

Codan makes metal detection and communications equipment, and its share price rose after it lifted its earnings expectations for the 2027 financial year.

Demand for its communications products was stronger than expected, with conflict-affected regions accounting for about half of first-half communications revenue.

Its metal detection business also had a solid start, supported by new products and a favourable gold price.

Megaport provides network and computing services to data centres around the world, and recently secured three AI infrastructure agreements worth about $1 billion.

The contracts raised the total strategic value of agreements it has announced since April 2026 to about $2.3 billion, and the company also upgraded its 2027 financial-year guidance.

WAM expects both companies to benefit from demand in their markets, but the information provided does not specify any further next steps.