3 Stocks with Overseas exposure – BXB, CTD, CYB

August 31, 2018 02:03 PM AEST | By Team Kalkine Media
 3 Stocks with Overseas exposure – BXB, CTD, CYB

BRAMBLES LIMITED (ASX:BXB) - With price realization in US pallets, emerging markets and IFCO North America, sales revenue growth was of 6% on constant currency basis. The supply chain logistics company reported sales revenue of US$5,596.6 million from continuing operations for the full year of FY 2018, which represented an increase on the prior corresponding period of 10% at actual FX rates. Driven by expansion with new and existing retailer partners, in IFCO, the constant-currency growth of 8% includes the benefit of increased pricing in IFCO North America. The group has also revealed about divestment of stake (50%) in Hoover Ferguson Joint Venture to its co-venture, First Reserve. ROCI of 16.1% remains strong for the FY 2018 and through the EBITDA growth, capex and dividends are fully funded with final dividends at AU 14.5 C with franking of 30%.  [optin-monster-shortcode id="wxhmli4jjedneglg1trq"]

CORPORATE TRAVEL MANAGEMENT LIMITED (ASX:CTD) – The full year underlying EBITDA is up 28% to $126.4 million on a constant currency basis. This implies second half organic EBITDA growth of over 20% and good momentum into FY19. EBITDA guidance range of $144-$150m is provided by the company for FY 19. The company revenue increased from $91.5 million to $108.5 million with a 19% change. Through new client wins the company is expecting strong top line growth. Through a combination of cash and stock, the company is acquiring SCT Travel Group Pty Ltd for the base consideration of AUD$5m, which represents approximately 5x FY19 EBIT. The acquisition includes PTC corporate and events business in QLD and NSW only. This acquisition will be effective from 1st July 2018 and there will be no contribution to FY18 results. With a final dividend of 21 cents which is 50% franked payable at October 4, 2018, the full year dividend is up to 20% to 36 cents.

CYBG PLC (ASX:CYB) – The bank with capability through a UK-wide network, has over 5% annualized growth in lending and 6% pts reduction in cost to income ratio. ROE stood at 4.3% in 1HFY18 while current ratio and quick ratio came at 2.36x and 2.34x, respectively during the same period, for the first-half performance. As a result, the board of director declared an interim dividend of 30 cents per share (60 percent franked) which was paid on April 04, 2018, the company has a 50% payout ratio as per the medium-term guidance. Recently, it announced that it will redeem all outstanding Subordinated Notes on their first call redemption date of 14 September 2018, in accordance with the terms of Notes and the last date of trading in CWNHA on ASX will be September 04, 2018. The company delivered improved underlying profitability from £123 million in H1 2017 to £158 million in H1 2018.

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