Archive

By M3 Equity Research Investment Summary VIC acquisition to drive the next leg of growth Significant organic growth opportunities driven by infrastructure and regulatory tailwinds QLD market presents upside risk Ticker | ASX:BIN GICS Sector | Industrials Current Price | A$2.00 12m Target Price | ▲ A$2.80 Upside | 40% Market Cap | A$675m P/E (TTM) | 32.25x P/E (Forward) | 15.24x BUSINESS DESCRIPTION Bingo Industries Ltd. is a building & construction company. The company provides clients with various solutions for liquid waste such as oily waters,... Read More →

By M3 Equity Research Investment Summary Golding acquisition to drive FY18 earnings and offers diversification and scale Relationship with iron ore is misunderstood New opportunities in gold and lithium offers upside risk Ticker | ASX:NWH GICS Sector | Industrials Current Price | A$1.15 12m Target Price | ▲ A$ 1.60 Upside | 39% Market Cap | A$420m P/E (TTM) | 12.7x P/E (Forward) | 10.3x BUSINESS DESCRIPTION NRW Holdings Ltd. engages in the provision of civil contracting and mining services. It operates through... Read More →

By Gabriel Yi, Managing Director of M3 Investment Group Comprising over 25% of the market cap of ASX 200, the big 4 banks have long been considered a staple component of a model ASX portfolio. However in recent times, the banking environment has faced several headwinds including the predictions of a slowing housing market, calls for a Royal Commission, the introduction of a bank levy in the 2017 Federal budget, proposals for a state-wide levy... Read More →

By Gabriel Yi, Managing Director of M3 Investment Group In a turbulent year for Australian equity markets, we have seen many structural shifts in investor appetite: the commodity bulls have come out from years of hiding to make the mining and material sectors the best in class for 2016, the growth mid-cap sector has experienced weakness in recent months from risk-off trends, and the high yielding, bond proxy shares have also been sold off along... Read More →