Best calls to action: 21 August 2015
About the author:
- Author name:
- By Tom Sartor
- Job title:
- Senior Analyst
- Date posted:
- 21 August 2015, 9:25 AM
- Sectors Covered:
- Junior (Emerging) Resources, Bulk Materials
Happy to Buy today
Burson Group Ltd (BAP) - Don't trade in
FY15 was an exceptionally strong year of growth for BAP and we expect this will continue over FY16/17. While FY16 outlook commentary sees us make some negative FY16 earnings revisions, our positive investment thesis on the stock is unchanged. Defensive growth is hard to come by and we see clear catalysts ahead. Add maintained.
360 Capital Industrial Fund (TIX) - Assets grow strongly
The FY15 result was in line with expectations with FY16 DPU implying a +8% distribution yield. TIX offers investors exposure to Australian industrial property with a quality tenant profile, high occupancy and WALE of +5 years. Near term catalysts include a successful takeover of ANI and further accretive acquisitions. Add maintained.
Qantas Airways (QAN) - Soaring to new heights
QAN's FY15 result was a remarkable turnaround after the record losses in FY14. A significant portion was due to self-help, but the stars also aligned with a steep decline in oil prices and a far more rational competitive environment. We see more of the same in FY16 and therefore see further upside potential in the stock. Add maintained.
Qube Holdings (QUB) - In it for the long haul
QUB's FY15 result was slightly ahead of our expectations, which was a solid result in our view given the sustained tough operating environment. While a lack of earnings guidance for FY16 was the main negative, we see the price weakness as an opportunity for longer term investors to gain a position in the stock. Add maintained.
More information
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Disclaimer(s): An Analyst or Analysts in the Morgans Research Team may own shares in some or all of these companies.
The information contained in this report is provided to you by Morgans Financial Limited as general advice only, and is made without consideration of an individual's relevant personal circumstances. Morgans Financial Limited ABN 49 010 669 726, its related bodies corporate, directors and officers, employees, authorised representatives and agents ("Morgans") do not accept any liability for any loss or damage arising from or in connection with any action taken or not taken on the basis of information contained in this report, or for any errors or omissions contained within. It is recommended that any persons who wish to act upon this report consult with their Morgans investment adviser before doing so.
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