What fuelled upward movement in CKF, HLS, and LNK shares? - Kalkine Media

November 28, 2023 06:15 PM AEDT | By Team Kalkine Media
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In the vibrant landscape of the Australian Securities Exchange (ASX), certain shares experienced a surge, outshining others on a Tuesday marked by the S&P/ASX 200 Index's return to form. As the benchmark index rose by 0.39% to settle the day at 7,015.20 points, let's unravel the intriguing stories behind the upward movement of Collins Foods (ASX: CKF), Healius (ASX: HLS), and Link Administration Holdings (ASX: LNK) shares.

Collins Foods Ltd (ASX: CKF)  

The Collins Foods share price is on a remarkable ascent, climbing over 9% to reach $11.01. Investors are flocking to this KFC restaurant operator in the wake of its half-year results, revealing a 14.3% surge in revenue to $696.5 million and a 16.7% lift in underlying EBITDA to $109.9 million.

Delving deeper into Collins Foods' surge, the half-year results showcase a robust performance. The 14.3% increase in revenue from continuing operations to $696.5 million underscores the company's resilience in a challenging market. Additionally, the 16.7% lift in underlying EBITDA from continuing operations to $109.9 million indicates effective operational management.

Healius Ltd (ASX: HLS)  

Healius is experiencing an upward momentum with its share price up by over 6% to $1.41. Investors are showing renewed interest in this healthcare company after the release of its annual general meeting update. The positive response is likely attributed to Healius' corporate reset plans.

Investors appear optimistic about Healius' corporate reset plans, which likely include strategic initiatives to enhance operational efficiency and profitability.

Link Administration Holdings Ltd (ASX: LNK)  

Link Administration Holdings experienced an uptick in its share price, up by 4% to $1.24. This surge follows the administration services company's annual general meeting update, where it revealed expectations of delivering operating EBIT growth of 10% in the first half. Buoyed by a strong half, management has upgraded its guidance, anticipating full-year revenue growth of at least 6.5% and operating EBIT growth between 7% and 9%. The upgraded guidance for full-year revenue growth and operating EBIT growth further cements Link's positive outlook.

Common factors driving the upward movement of CKF, HLS, and LNK shares include robust financial results, strategic corporate updates, and positive outlook statements. These factors collectively contribute to the buoyant market sentiment surrounding these shares.

In conclusion, the surge in CKF, HLS, and LNK shares is a testament to the dynamic nature of the stock market. Each company's unique catalysts, from robust financial results to groundbreaking developments, have propelled their shares to new heights. As investors navigate this ever-evolving landscape, these stories offer a glimpse into the intricacies of stock market movements.


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