Kelsian's Stock Still Looks Poised for a Rerate -- Market Talk

Dow Jones

Oct 30, 2024

2254 GMT - Kelsian's bull at Canaccord Genuity continues to expect a gradual rerating of the Australian transport operator's shares. Analyst Allan Franklin tells clients in a note that there was little new information to be gleaned from the company's annual general meeting, although he did detect a note of contrition over its recent performance. He still expects 9% annual Ebitda growth and sees proof of improving EPS and free cashflow as the likely drivers of a rerating. The stock offers good value following its hefty retracement so far in 2024, he adds. Canaccord Genuity keeps a buy rating and A$6.10 target price on the stock, which is at A$4.02 ahead of the open.(stuart.condie@wsj.com)

(END) Dow Jones Newswires

October 29, 2024 18:54 ET (22:54 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2479264627"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2479264627\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2479264627?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-30 06:54","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2479264627","market":"fut","top_or_hot":-1,"title":"Kelsian's Stock Still Looks Poised for a Rerate -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2254 GMT - Kelsian's bull at Canaccord Genuity continues to expect a gradual rerating of the Australian transport operator's shares. Analyst Allan Franklin tells clients in a note that there was little new information to be gleaned from the company's annual general meeting, although he did detect a note of contrition over its recent performance. He still expects 9% annual Ebitda growth and sees proof of improving EPS and free cashflow as the likely drivers of a rerating. The stock offers good value following its hefty retracement so far in 2024, he adds. Canaccord Genuity keeps a buy rating and A$6.10 target price on the stock, which is at A$4.02 ahead of the open.(stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 29, 2024 18:54 ET (22:54 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Kelsian's Stock Still Looks Poised for a Rerate -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKelsian's Stock Still Looks Poised for a Rerate -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-10-30 06:54</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2254 GMT - Kelsian's bull at Canaccord Genuity continues to expect a gradual rerating of the Australian transport operator's shares. Analyst Allan Franklin tells clients in a note that there was little new information to be gleaned from the company's annual general meeting, although he did detect a note of contrition over its recent performance. He still expects 9% annual Ebitda growth and sees proof of improving EPS and free cashflow as the likely drivers of a rerating. The stock offers good value following its hefty retracement so far in 2024, he adds. Canaccord Genuity keeps a buy rating and A$6.10 target price on the stock, which is at A$4.02 ahead of the open.(stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 29, 2024 18:54 ET (22:54 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7125","symbol_name":"陆运","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2479264627","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479264627","pubTimestamp":1730242440,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2254 GMT - Kelsian's bull at Canaccord Genuity continues to expect a gradual rerating of the Australian transport operator's shares. Analyst Allan Franklin tells clients in a note that there was little new information to be gleaned from the company's annual general meeting, although he did detect a note of contrition over its recent performance. He still expects 9% annual Ebitda growth and sees proof of improving EPS and free cashflow as the likely drivers of a rerating. The stock offers good value following its hefty retracement so far in 2024, he adds. Canaccord Genuity keeps a buy rating and A$6.10 target price on the stock, which is at A$4.02 ahead of the open.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7125":"陆运","KLS.AU":"Kelsian Group Ltd","BK7161":"旅客陆运"},"translate_title":"凯尔西安的股票看起来仍有望重新评级——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KLS.AU":0.9},"content_text":"2254 GMT - Kelsian's bull at Canaccord Genuity continues to expect a gradual rerating of the Australian transport operator's shares. Analyst Allan Franklin tells clients in a note that there was little new information to be gleaned from the company's annual general meeting, although he did detect a note of contrition over its recent performance. He still expects 9% annual Ebitda growth and sees proof of improving EPS and free cashflow as the likely drivers of a rerating. The stock offers good value following its hefty retracement so far in 2024, he adds. Canaccord Genuity keeps a buy rating and A$6.10 target price on the stock, which is at A$4.02 ahead of the open.(stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 29, 2024 18:54 ET (22:54 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}