Will These Stocks Retain Their Upward Trend - APT, BUB And KGN?

April 30, 2019 07:56 PM AEST | By Team Kalkine Media
 Will These Stocks Retain Their Upward Trend - APT, BUB And KGN?

In the last six months, the below mentioned stocks have witnessed significant improvement in their share price, creating an upward trend. If these stocks retain their upward trend, they could provide higher returns to their shareholders.

Afterpay Touch Group (ASX:APT)

Technology driven payments company, Afterpay Touch Group (ASX:APT) has witnessed an increase of 120.34% in its share price over the course of the last six months.

For the half year ended 31 December 2019, the company reported a substantial growth of 85% in its total income which reached to $112.3 million. The significant growth in Afterpay income driven by strong growth in Afterpay underlying sales and stable pricing. The company’s business in the US is growing and Afterpay US Inc. is approaching the maximum level of options issuance under the Equity Incentive Plan which is an essential part of APT's strategy to attract world class talent to our US operation in a competitive labour market. Under the Equity Incentive Plan, the Company’s US subsidiary will offer options which will give eligible participants a right to acquire common stock in Afterpay US Inc.

APT’s shares traded at $25.590 with a market capitalization of circa $5.95 billion as on 30 April 2019.

Bubs Australia Limited (ASX:BUB)

Producer of premium infant nutrition products and Australia’s largest producer of goat dairy products, Bubs Australia Limited (ASX: BUB) has released its quarterly activities report in which it reported strong revenue growth driven by infant formula sales to China and domestic Daigou Channel.

The company reported gross revenue of $11.83 million in the March quarter which was 103% higher than the previous corresponding period (pcp). During the quarter, the company established various important strategic developments and partnerships to strengthen the supply chain, expand channel capacity, increase profitability and complete foundation strategy.

During the March quarter, the company’s business momentum remained strong.

The company’s stock has provided a year till date return of 153.85% & also posted returns of 138.14%, 159.55% & 45.28% over the past six months, three & one-month period respectively.

BUB’s shares traded at $1.200 with a market capitalization of circa $587.42 million as on 30 April 2019.

Kogan.Com Ltd (ASX:KGN)

In the past six months, Kogan.Com Ltd’s (ASX: KGN) share prices increased by 75.56%. Owner of retail and services businesses, Kogan.Com has generated strong earnings growth in the 2019 March quarter, and it has achieved a 23.4% year-on-year Active Customer growth. At the end of March 2019, the company had around 1,589,000 active customers, significantly higher than the 1,288,000 as at 31 March 2018. The company recently amended its multi-option facility agreement with Westpac Banking Corporation to increase the size of the facility in order to increased flexibility and opportunity for continued growth.

KGN’s shares last traded at $5.600 with a market capitalization of circa $511.76 million as on 30 April 2019.

In order to receive high returns, it is very important for investors to keep a close eye on stocks that are having an upward trend.


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