3 IT Stocks Advancing High- ALU, APT And WTC

  • Nov 29, 2018 AEDT
  • Team Kalkine
3 IT Stocks Advancing High- ALU, APT And WTC

The IT industry includes software, computer sales, IT services etc. After the technology stocks were shunned in the US, the shares in the technology sector in Australia also took a hit. The situation recovered with a positive response from the US and three of the IT stocks back in Australia are starting to rise:

ALTIUM LIMITED (ASX: ALU) – Executive Director of Altium Ltd, and his brother, Mr. Slava Kostynsky put the shares that each of them received in the transaction into a single account Sergey & Slava Pty Ltd, after the acquisition of Morfik Technology Pty Ltd by Altium in 2010 for equity in Altium Limited. All of the remaining 2,402,468 shares are for his benefit and the transfer has had no impact on the number of shares held by Sergiy Kostynsky. The company is focussing on the sales and development of computer software for the design of electronic products. For period ending 30 June 2018 the company recorded operating revenue growth of 26% with US $140.2 million in revenue to record levels with a 34% increase in net profit after tax to US$37.5 million. The company achieved an EBITDA margin of 32.0% for the fiscal year and expanded profit margins. The share price of the company surged by 7.649% to reach $22.800.

AFTERPAY TOUCH GROUP LIMITED (ASX: APT) – The company merged with TouchCorp in July 2017 and is a top ASX listed company with more than 2.5 million customers and more than 20,000 retail partners. The company is processing over 10% of Australian online commerce with growing in-store penetration – over 15,000 shop fronts. It is expanding globally - U.S. (in-progress) / U.K. (soon). The company has Afterpay FY18 gross loss of 1.5% as compared to others which is 44% lower than ‘buy now pay later’ platforms, 90% lower than payday lending, 79% lower than consumer leasing finance providers. Concerning key metrics, the growth remains strong and repeat customer behavior remains strong. The revenue and other income changed from $29.0 million in 2017 by 390% to $142.3 million in 2018. The share price of the company surged by 8.464% to reach $13.840 and has witnessed a performance change of an attractive 145.38% over the past 12 months.

WISETECH GLOBAL LIMITED (ASX: WTC) – The company while expanding technology lead and global footprint has delivered strong and high-quality growth. With revenue up 44% at $221.6 million the company has generated an EBITDA of $78.0 million which is also up by 45% on the previous corresponding period. It also reported a net profit of $40.8 million and has a dividend policy of payout ratio up to 20% of annual NPAT. The company has acquired leading software vendors across G20+20 targeting 90% of world’s manufactured trade flows for geographic expansion and stronger entry into new markets. The company has a high growth outlook for FY 2019 and has high price to earnings ratio of 126.124 with earnings per share (EPS) of 0.139 AUD. The share price of the company surged by 6.503% to reach $18.670 and has witnessed a performance change of an attractive 39.13% over the past 12 months.


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