Daily Brief Industrials: Keisei Electric Railway Co, Donaldson Co and more

In today’s briefing:

Last Week in Event SPACE: Keisei Electric, CMCDI, Sigma Healthcare, Sun Corp, Segantii
Donaldson Company Inc.: Initiation of Coverage – Expansion in Life Sciences Sector & Other Major Drivers

Last Week in Event SPACE: Keisei Electric, CMCDI, Sigma Healthcare, Sun Corp, Segantii

The Palliser/Keisei Electric Railway Co (9009 JP) is an unconvincing trade. Avoid being long Keisei vs Oriental Land (4661 JP) except in short-term impact events. Avoid the drift trade also.
On the subject of activism, keep an eye on China Merchants China Direct Investments (133 HK)‘s 20th June AGM. If Kan’s re-election is rejected, this stock should gain more momentum.
A Sigma Healthcare (SIG AU)/Chemist Warehouse merger carried regulatory risk. And now the ACCC has raised a raft of concerns.

Donaldson Company’s third quarter fiscal 2024 results illuminate a company adeptly navigating its competitive landscape and growth avenues, albeit with nuances across different segments and geographies that invite a more tempered enthusiasm.
The reported 6% increase in total sales to a record $928 million and a 22% increase in EPS to a record $0.92, alongside an operating margin at a more than decade-high, succinctly encapsulate the firm’s short-term operational success.
In Mobile Solutions, notable volume growth driven by the aftermarket business has surpassed pricing gains, which points to robust market performance and potentially sustainable revenue streams from recurrent business.

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