3 Defensive Stocks – SCG, TCL And BLD

  • Mar 02, 2019 AEDT
  • Team Kalkine
3 Defensive Stocks – SCG, TCL And BLD

Scentre Group Limited

Scentre Group Limited (ASX: SCG), based in Sydney, Australia is engaged in development, design, construction, ownership, operations, asset management and marketing activities for a broad portfolio of retail real estate properties and shopping centers across Australia and New Zealand.  The company is a large cap with $ 20.22 billion market cap and ~ 5.32 billion outstanding shares. At the close of ASX on February 28th, 2019, the SCG stock price was trending at AUD 3.860, up 0.521 %, indicating an intra-day rise of AUD 0.020.  The stock performance has mostly been fluctuating over the past six months with a negative return yield for three-months at 5.42% and for six months at 6.57%. However, from long-term perspective, the stock has soared by 24.68% since its inception, as on 28 February 2019.

For the full year ended December 31st, 2018, the Group reported revenue of $ 2,635.1 million, up 6.7% on $ 2,469.6 million in the prior corresponding period 2017.  The profit after tax for the year was recorded at $ 2,295.9 million inclusive of property revaluations of $ 1.1 billion, underpinned by the completion of various developments, growth in net property income and improvements in capitalisation rates for high-quality assets. Moreover, the company also paid out a dividend of 22.16 cents per security for the year, depicting a growth of 2% on the prior year.

Transurban Group

The Docklands, Australia-based Transurban Group (ASX: TCL) is engaged in the development, operations, management, maintenance, and financing of urban toll road networks across Sydney, Melbourne, and Brisbane, Australia well as the Greater Washington area in the United States, and Montreal, Canada. On the ASX, the Group is a large cap with AUD 33.2 billion and approximately 2.68 billion outstanding shares. At the close of market trading on Thursday, February 28th, 2019, the TCL stock’s sell-off price was trending at AUD 12.510, up 0.806% and close to the 52-week high of AUD 12.590, with ~ 2.46 million volume of shares traded.

Regardless, the stock performance has been fairly positive over the last year with the three-month return yield of 6.98% and 6.84% for the last six-months, as on 27 February. The YTD return also stands positive at 7.45%. Besides, as per the results for the half year ended December 31st, 2018, Transurban reported statutory revenue of $ 2,114 million, up 30.2 % and profit from ordinary activities after tax at $ 145 million, down 56.1 % on the prior comparable period.

Boral Limited

The North Sydney-based Boral Limited (ASX: BLD), is engaged in the manufacturing and sale of building and construction materials across Asia, the United States and Australia. The company offers a wide range of products catering to the residential and non-residential construction; the engineering and infrastructure markets and other allied services. The company has a market cap of AUD 5.8 billion and at the time of close of market session on Thursday, February 28th, the BLD stock’s sell-off price was trading at AUD 4.970, up 0.404%, indicating an intra-day gain of AUD 0.020. Its YTD return stands marginally positive at 2.06% as on 27 February.

Boral recently released its update for the Half-year ended December 31st, 2019 (1H FY2019), declaring an interim dividend of 13.0 cents per share (franked 50%), to be paid out on March 15th, 2019, depicting an increase of 4% over the prior comparable period and a pay-out ratio of 76%. The revenues were posted at $ 2,990 million, up by 2% and the EBITDA reduced to $ 485 million by 3% on 1H FY2018.

Besides, the NPAT for the company was valued at $ 200 million, down 6% on 1H FY2018.


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