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Transport Play Buys: CDG And Midas
Tradeable, Tradeable Ideas | 22 August 2013
Related stocks:
C52
5EN
By: Simeon Ang
Articles (125) Profile
By: Andre Lee
Articles (5) Profile

Tradeable Ideas is a new weekly column by Tradeable. This column focuses on locally listed companies or particular sectors that have attracted strong interest from analysts at various research houses. Tradeable Ideas is meant to serve as a springboard for investors’ interest in specific stocks or sectors in Singapore.

Prices correct as at 21 August 2013, 1700hrs.

ComfortDelGro

ComfortDelGro (CDG) recently released its financial results which recorded broad-based revenue growth of 2.7 percent over 2Q12. Coupled with lower material costs and fuel expenses, net profit saw additional growth of 6 percent.

CDG seems to be particularly favoured by analysts due to its fundamentally strong balance sheet, stable diversified growth model and extensive overseas networks.

CDG’s strong cash position has also fuelled speculation of acquisition-led growth overseas. This is especially so as CDG’s overseas operations have seen its profit contribution steadily increasing while profit margins appear to be more appealing than local operations.

Looking at five updated calls by analysts, CDG has an average upside of 19.5 percent.

Source: FactSet, ComfortDelGro 1-Month Chart

Midas Holdings

Midas Holdings reported 2Q13 results which showed revenue and net profit increased by 29.2 percent and 834.1 percent respectively compared to 2Q12.

This was mainly due to higher turnover from its Aluminium Alloy Extruded Products Division, as well as its associate, NPRT returning to a profitable position for the first time in six quarters.

Analysts expect 2H13 performance to improve as compared to 1H13 due to the strong order books of both Midas and NPRT.

In particular, analysts are confident that Midas will clinch more High Speed Railway (HSR) contracts in the next few quarters after the Chinese government pledged to increase investments in the railway industry.

From the five updated calls made by analysts, Midas has an average upside of 28.5 percent.


Source: FactSet, Midas Holdings 1-Month Chart

Daily Chart of Yanlord

Source: Collin Seow’s CSI Trading System, Yanlord Daily Chart

The above chart for Yanlord is selected for short (sell).

The 1st sell arrow is on 21/8/13.It has broken its support (trough) of 1.245.

To learn more about the CSI Trading system, please click here.

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This is a co-written article of Shares Investment, which lays out the analytical ideas and thoughts of the authors, who are well versed in investments and market concepts.

ComfortDelGro Corp  2.470 -0.01 -0.40%   
Business: [FY18 Turnover] Public transport services (71.2%), taxi (19.1%), others (9.7%).

Insight: May-19, 1Q19 revenue rose 7.8% to $947.3m, underpi... Read More
Midas Hldgs  -- -- --   
Business: Manufacturer of aluminium alloy extrusion products for China's rail transportation sector. [FY16 Turnover] Aluminium alloy (99.3%), polyethylene pipe (0.7%).

Insight: Jan-18, Co announced that its JV company, CRRC Nan... Read More


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The Shares Investment editorial team welcomes constructive feedback on our coverage and content. We would also be delighted to answer any questions on the above article. Leave us a comment below, and we'll get back to you shortly!

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