Stocks Edging Up - TCL, STO, CKF

  • May 04, 2019 AEST
  • Team Kalkine
Stocks Edging Up - TCL, STO, CKF

We are discussing a few stocks, which have been edging up since the last few trading sessions and made or touched new 52-week high.

Transurban Group (ASX: TCL)

Transurban Group (ASX: TCL) recently released its March Quarter 2019 Update mentioning that ADT (Average Daily Traffic) posted a growth of 2.3% on the back of growth achieved across all the markets. Looking at the Sydney performance, ADT increased by 2.1% to 813,000 trips. The New M4 tunnels in Sydney are about to complete with final commissioning works under process. The tunnel is likely to be operated from mid-2019. Melbourne ADT witnessed a growth of 3.1% to 856,000 transactions. Assembly of the first Tunnel Boring Machine cutterhead is nearing its completion, with second TBM to commence in the upcoming months. Brisbane ADT managed to grow by 1.1% to 400,000 trips, on account of the construction disruption. Logan Enhancement Project construction is 90% completed with greater than 2.5 million hrs worked to-date. North America ADT saw a growth of 2.9% to 136,000 trips.

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At the current market price of $13.550, the stock is trading close to its 52-week high of $13.750. The stock has gained 16.24% in the last one year. The annual dividend yield for the stock stands at 4.2%, with a market cap of $36.28 billion as of 3rd May 2019.

Santos Limited (ASX: STO)

Santos Limited (ASX: STO) released First Quarter Activities Report with a record production of 18.4 mmboe, 33% higher than the corresponding quarter, on the back of the acquisition of Quadrant Energy and sustained strong asset performance. Revenue for Q1 FY19 was lower than the previous quarter on account of the lower average realised price and lower PNG sales volumes. STO experienced lower average realised prices primarily due to lower oil and oil-linked LNG prices.

Coming to the balance sheet, STO informed that it had priced a $600 million senior unsecured fixed rate bond at a fixed coupon rate of 5.25% maturing on 13 March 2029.

Net debt on the balance sheet reduced to $3.4 billion as on March 2019, after the payment of dividend for FY18. The cash and cash equivalents on the balance sheet stood at $1 billion and gross debt at $4.4 billion as at 31 March 2019.

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At current market price of $6.960, the stock is trading at P/E of 16.64x, with a market capitalisation of $14.83 billion as on 3rd May 2019.

Collins Foods Limited (ASX: CKF)

Collins Foods Limited (ASX: CKF), looking at the financial performance in H1 FY19, KFC Australia business recorded strong results. Same-store sales growth witnessed an improvement across all states, mainly in Western Australia. During the quarter, CKF completed the acquisition of the last three remaining stores from Yum!, strengthening CKF’s position with 228 stores as the largest KFC franchisee in Australia. The company entered into an agreement to build 50 Taco Bell restaurants over the next three years. The unusually hot weather in June-August negatively impacted KFC Europe (including stores in Germany and the Netherlands). The company’s revenue came in at $411 million, recording a growth of 27.6% in H1 FY19. Statutory EBITDA saw a substantial growth of 42.9% to $53.6 million in H1 FY19, with NPAT at $21.5 million in H1 FY19 as compared to $12.7 million in H1 FY18.

At the current market price of $7.990, the stock is trading near its 52-week high. The annual dividend yield for the stock stands at 2.34%, with a market cap of $897.14 million as on 3rd May 2019.


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