ASX Transportation Leaders - November 2019
Australia's leading Transportation companies are a mixture of well-known Large-Caps and and Small-Cap performers. Starting with QuickStep (QHL) being a company that we've looked at as a leading defense provider in AU is up 10%. QHL has experienced strong share price movements since the AGM late in October. Sydney Airports (SYD) up 5% and performing well after the Productivity Commission Final Report was released on 22/10/2019 - with many investors concerned about the flight cap flexibility, although the share price showing support. Transurban (TCL), another transportation large cap up 4.5%. Announced the completion of the M5 West acquisition from RMS and M5 West financiers to take TCL to 100% ownership Other strong performers and Auckland Airport (AIA) +3%, Bisalloy Steel that works on the steel manufacturing side of materials used in transportation vehicles +2.6% and Wisetech Global up 1.5% after taking a bath last month. That rounds out the top performers for this fortnight and we’ll come to you next week with the latest leading companies taking the market higher.