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Mid-Cap

Three stocks rising up - Nanosonics, Qube Holdings and Mantra Group

July 21, 2016 | Team Kalkine
Three stocks rising up - Nanosonics, Qube Holdings and Mantra Group

Nanosonics Ltd


NAN Details
  • Delivered solid fourth quarter performance: Nanosonics Ltd (ASX: NAN) delivered an outstanding performance and rallied over 10.2% on July 21, 2016 as the group reported a solid fourth quarter. NAN quarter sales rose 25% to $15.1 million, as compared to the earlier quarter on the back of strong adoption in North America. As a result, the FY16 sales surged over 93% to $42.8 million, as compared to the last year. NAN delivered a positive cash flow for the second quarter with cash enhancing to $4.6 million during the fourth quarter to $48.8 million. North American installed base enhanced to over 8,700 units, increasing by 74% during the twelve-month period. NAN’s installed base reached 10,000 units. On the other hand, the group generated over 43.27% in the last six months (as of July 20, 2016) placing the stock at higher valuations.
  • Recommendation: We give an “Expensive” recommendation on the stock at the current price of $2.70
 
Qube Holdings Ltd


QUB Details
  • Welcoming the decision of ACCC: Qube Holdings Ltd (ASX: QUB) stock surged over 3% on July 21, 2016 as the group is positive on the ACCC decision for Patrick terminals acquisition. The Qube Brookfield that they are positive on the decision by the ACCC not to interfere in the acquisition of Asciano’s Patrick terminals businesses. This decision by ACCC is beneficial given acquisition of these important businesses. On the other hand, Qube is trading at a relatively higher P/E and corrected over 3.7% in the last three months (as of July 19, 2016).
  • Recommendation: We maintain an “Expensive” recommendation on the stock at the current price of $2.43
 
Mantra Group Ltd


MTR Details
  • China tourism opportunity: Mantra Group Ltd (ASX: MTR) stock surged over 8.1% on July 21, 2016 due to recovering sentiments on Australia’s tourism. MTR stock corrected over 24.5% in the last six months (as of July 20, 2016) as investors were concerned over the group’s performance on the back of ongoing tough market conditions. Moreover, concerns over outbound tourism from China also led to the stock’s fall. On the other hand, based on the market reports, the tourism opportunity from Asian middle class would increase in the coming years, driven by the Chinese millennials who would spend over a quarter of their income on travel. Chinese outbound tourism has been forecasted to rise to over 220 million by 2025 as per the Goldman Sachs report. We believe investors need to leverage the levels of the stock as an entry opportunity.
  • Recommendation: We give a “Buy” recommendation on the stock at the current price of $3.60
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The information given by Kalkine Pty Ltd ABN34 154 808 312 (Australian Financial Services License Number 425376) on this website is general information or advice only.

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