With the beginning of the new year, investors are searching for stocks that could provide them with good returns in 2019. Let’s take a look at the operational, business and stock performance of the below-mentioned stock to know if the investors should keep an eye on these stocks in FY 2019.
Collins Foods Limited (ASX: CKF)
Collins Foods Limited (ASX: CKF) has witnessed a 27.6% revenue growth in the first half of FY19 as compared to H118, mainly due to the strong results from KFC Australia business which reported a same-store sales growth of 3.1% (H118: 1.2%). The company earned a Statutory EBITDA $53.6 million in H1 2019 which was 42.9% higher than H1 2018.
Meanwhile, in the past 6 months, the share price of the company increased by 9.07 percent as on 3 January 2019. With the close of the trading session on 4 January 2019, the shares closed at $6.140 with a market capitalization of $700.24mn. The company has achieved strong operational and stock performance in the recent past which is why investors should keep a close eye on this stock.
Commonwealth Bank of Australia (ASX: CBA)
Australia’s leading banking group Commonwealth Bank of Australia (ASX: CBA) demonstrated resilient strong business performance in Q1 FY19 with Unaudited statutory net profit of around $2.45 billion and Unaudited cash net profit of approximately $2.50 billion. The company reported a Liquidity Coverage Ratio (LCR) of 133% and Net Stable Funding Ratio (NSFR) was 113% in the first quarter of FY 2019.
In the past six months, the share price of the company crashed by 2.88 percent as on 3 January 2019. Commonwealth Bank’s shares traded at $71.890 with a market capitalization of circa $127.17 billion as on 4 January 2019. With resilient business performance in the first quarter of 2019, the company is catching the eyes of the investors.
Challenger Limited (ASX: CGF)
The investment management company, Challenger Limited (ASX: CGF) has announced that S&P Global Ratings (S&P) have affirmed the credit rating and outlook for both Challenger Life Company Limited and Challenger Limited. S&P has given a BBB+’ rating with a positive outlook to Challenger Limited.
As at 30 September 2018, the company was managing $81 billion in assets, and recently the company also became a substantial holder in Webjet Limited by having 6,562,642 person’s vote with 5.12% of voting power. In the past six months, the share price of the company plunged by 23.46 percent as on 3 January 2019. CGF’s shares traded at $9.090 with a market capitalization of circa $5.58 billion as on 4 January 2019.
CSL Limited (ASX: CSL)
Leading healthcare company CSL Limited (ASX: CSL) reported a net profit after tax of $1,729 million in FY 2018 which was 29 percent higher than the previous corresponding year. The company earned a revenue of $7,915 million and reported Earnings before interest and tax of $2,380 million in FY 2018. Further, the company also reported Cashflow from Operations of $1,902 million which was 53 percent higher than the previous corresponding year. During the financial year 2018, the sales of the company’s Privigen® grew by 13 percent, and the company’s Specialty Products portfolio sales grew by 24% on a constant currency basis.
Meanwhile, in the last six months, the share price of the company crashed by 4.24 percent as on 3 January 2019. CSL Ltd.’s shares traded at $188.530 with a market capitalization of circa $85.81 billion as on 4 January 2019. As the company has achieved strong operational performance in FY 2018, the investors should keep a close eye on this stock.
This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.