Last week delivered a 100% gain for Rolls-Royce, though it remains down 66% on the year. The aviation sector has been hard hit from the COVID-19 pandemic, but there might be light at the end of the tunnel.
We have a US listed company that we think can follow a similar path and may double in value.
Register for tonight’s webinar and we’ll share the company name with you and outline our analysis.
Buy TPG Telecom
Qube Holdings is under Algo Engine buy conditions and has now been added to our ASX model portfolio.
FY21 revenue is forecast to increase 3% to $1.95bn and EBITDA flat at $300m. Qube may start to deliver 8 – 10% EPS growth into FY22 and FY23, which will support the forward yield of 2%.
We see price support developing within the $2.25 to $2.50 range.
Since writing the above post on 2 October, Qube has seen a pickup in buying interest and the short-term indicators are trending higher.
Vaneck Vectors Gold Miners is under Algo Engine buy conditions.
GDX provides broad exposure to the leading global gold producers.
Newcrest Mining remains under Algo Engine buy conditions and we recommend investors accumulate between $30 – $32.
Buy Brambles within the $10.50 – $10.75 price range.
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Transurban is under Algo Engine sell conditions. We see value in the $12.50 to $13.50 price range.
If we assume the dividend is cut from $0.55 to $0.40 in FY21 it implies a 2.8% forward yield. Further normalization is likely from FY22 and we’re therefore happy to buy TCL on the “dip.
Our “high conviction” buy on Cleanaway Waste Management has produced a 10% return in the past week.
Our upside target has been reached and we expect selling pressure building within the $2.30 – $2.40 price range.
What is your strategy?
If you’d like to discuss Cleanaway or our other high conviction holdings, please call me on 1300 614 002.
OceanaGold is under Algo Engine buy conditions. We highlight the early evidence of buying interest rebuilding and the short-term indicators turning higher.
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