Capital Expenditure Statistics Unveiling Growth Potential in Industrial Space

Company Overview: MAAS Group Holdings Limited (ASX: MGH) provides construction materials, equipment, and services provider with diversified exposures across the civil and infrastructure markets. Qube Holdings Limited (ASX: QUB) provides comprehensive logistics solutions across multiple aspects of the import-export supply chain. Kalkine’s Market Event Report covers the Investment Summary, Event Summary, Data Insights & Analysis, Key Financial Metrics, Risks, Outlook, Technical Analysis along with the Valuation, Target Price, and Recommendation on the stock.

Investment Summary

Event Highlights

Data Insights and Analysis

Key Drivers versus Key Challenges

According to the Private New Capital Expenditure Statistics, two ASX stocks have been identified to showcase the momentum.

(1) MAAS Group Holdings Limited (ASX: MGH)

(Recommendation: ‘Speculative Buy’ at AUD 3.300, Potential Upside: Low Double-Digit)

(M-cap: AUD 1.07bn, Annual Dividend Yield: 2.62^%)

Company Overview: MGH provides construction materials, equipment, and services provider with diversified exposures across the civil and infrastructure markets.

The stock has witnessed a decline of ~0.90% in last 1 month, and over the last 1 year, it has plummeted by ~12.93%. The stock has a 52-week low and 52-week high of AUD 2.200 and AUD 4.200, respectively and is currently trading slightly above the 52-week high-low average. MGH was last covered in a report dated ’15 May 2023’.

 (2) Qube Holdings Limited (ASX: QUB)

(Recommendation: ‘Hold’ at AUD 3.060 Potential Upside: High Single-Digit)

(M-cap: AUD 5.40bn, Annual Dividend Yield: 2.64%)

Company Overview: QUB provides comprehensive logistics solutions across multiple aspects of the import-export supply chain.

The stock has witnessed a surge of ~5.88% in last one month, and over the last three months, it advanced by ~4.79%. The stock has a 52-week low and 52-week high of AUD 2.430 and AUD 3.330, respectively and is currently trading above the 52-week high-low average. QUB was last covered in a report dated ’24 July 2023’.

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 4 September 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual’s appetite for upside potential, risks, holding duration, and any previous holdings. An ‘Exit’ from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.

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