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FREIGHTWAYS is slightly downgraded to Slightly Positive due to an incr...
The independent financial analyst theScreener just slightly lowered the general evaluation of FREIGHTWAYS (NZ), active in the Transportation Services industry. As regards its fundamental valuation, the title confirms its rating of 3 out of 4 stars while its market behaviour remains unchanged and can be qualified as defensive. However, a marginally less favourable environment forces theScreener to downgrade slightly the title, which now shows an overall rating of Slightly Positive. As of the anal...
- Dave Nicoski
- Ross LaDuke
Vermilion Int'l Compass: Global Equity Strategy
Emerging Markets breakdown, avoid; MSCI ACWI falls below 200-day moving average; Be selective in Japan Global markets have deteriorated considerably since we published our June International Macro Vision last week. The MSCI EM index has decisively broken down below the 60,000 major support level we identified, which coincided with a breakdown in relative strength. We're cutting EM to underweight and recommend reducing exposure. Additionally, the MSCI ACWI ETF has broken below its 200-day MA, le...
005930 SAMSUNG ELECTRONICS CO. LTD.
GET GETLINK SE
EQNR EQUINOR ASA
ADP AEROPORTS DE PARIS SA
A117ME ALIBABA GROUP HOLDING LTD. SPONSORED ADR
CNR. CANADIAN NATIONAL RAILWAY COMPANY
BOO BOOHOO GROUP PLC
CP. CANADIAN PACIFIC RAILWAY LIMITED
AWC ALUMINA LIMITED
AIA AUCKLAND INTERNATIONAL AIRPORT LIMITED
IAG INTERNATIONAL CONSOLIDATED AIRLINES GROUP SA
NEX NATIONAL EXPRESS GROUP PLC
DSV DSV PANALPINA A/S
EZJ EASYJET PLC
ENF ENBRIDGE INCOME FUND HOLDINGS INC.
FR. FIRST MAJESTIC SILVER CORP.
FVI. FORTUNA SILVER MINES INC.
SAR SARACEN MINERAL HOLDINGS LIMITED
REA REA GROUP LTD
RIO RIO TINTO LIMITED
4751 CYBERAGENT INC.
SBM ST. BARBARA LTD.
OZL OZ MINERALS LIMITED
9041 KINTETSU GROUP HOLDINGS CO. LTD.
PAAS PAN AMERICAN SILVER CORP.
9706 JAPAN AIRPORT TERMINAL CO. LTD.
9008 KEIO CORPORATION
8252 MARUI GROUP CO. LTD.
8237 MATSUYA CO. LTD. (8237)
9048 NAGOYA RAILROAD CO. LTD.
9044 NANKAI ELECTRIC RAILWAY CO. LTD.
NST NORTHERN STAR RESOURCES LTD
3738 T-GAIA
7453 RYOHIN KEIKAKU CO. LTD.
9065 SANKYU INC.
ILU ILUKA RESOURCES LIMITED
QBR.B QUEBECOR INC. CLASS B
NOD NORDIC SEMICONDUCTOR ASA
AKER AKER ASA CLASS A
3092 ZOZO INC.
2175 SMS CO. LTD.
3148 CREATE S.D HOLDING
EVN EVOLUTION MINING LIMITED
00700 TENCENT HOLDINGS LTD.
BAKKA BAKKAFROST P/F
BHP BHP GROUP LTD
CYB CYMBRIA
JD. JD SPORTS FASHION PLC
KL KIRKLAND LAKE GOLD LTD COM
- Valérie GASTALDY
- Valérie GASTALDY
- Adrian Atkins
Ceasing Coverage on Freightways
We plan to cease coverage on Freightways Limited in August. We periodically adjust our coverage as necessary based on stock outlook, client demand, and investor interest. Freightways is a good-quality small cap, but it is materially overvalued based on our fair value estimate and we believe our efforts are better spent elsewhere. Freightways commands a strong market position in a duopolistic express package landscape in New Zealand. The company's nationwide distribution network and scale efficie...
- Adrian Atkins
Solid First Half for Freightways Despite Some Hiccups; No Change to FV...
Narrow moat-rated Freightways posted flat first-half underlying EBITDA of NZD 51.8 million as a weak result from the information management, or IM, division offset ongoing growth from the core express package and business mail, or EPBM, division. Underlying net profit after tax increased 6% to NZD 29.5 million thanks to a reduced interest expense. The main concern in the result was the poor performance from the recently acquired LitSupport, which sits in the IM division, though the acquisition h...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
- Adrian Atkins
Freightways Off to Strong Start for Fiscal 2017; Fair Value Estimate U...
We maintain our NZD 5.80 per share fair value estimate following Freightways' first-quarter fiscal 2017 trading update. Net profit after tax increased by 9.9% on the prior corresponding period to NZD 14.8 million. This solid performance was primarily driven by stronger revenue growth, and a lower interest expense. The express package and business mail division, the core operating segment, delivered healthy 6.5% revenue growth underpinned by strong volumes from existing and new customers. However...
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