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Equity Bottom-Up

Center For Cargo Container Traffic Transcontainer Pjsc / Equity Bottom-Up

Center For Cargo Container Traffic Transcontainer Pjsc (TRCN RM)

Center For Cargo Container Traffic Transcontainer Pjsc

<p>On 29 August, TransContainer announced Q218 IFRS results. The results showed further growth, with a 6% increase in revenue and 16% growth in EBITDA. We think the main point of interest is how TransContainer has continued to increase productivity by improving the ratio of ‘profit-making runs’ by its containers. The further acceleration in market container volumes in July bodes well for Q3. We have maintained our 2018 EPS but increased our DCF valuation by 2%.</p>

On 29 August, TransContainer announced Q218 IFRS results. The results showed further growth, with a 6% increase in revenue and 16% growth in EBITDA. We think the main point of interest is how TransContainer has continued to increase productivity by improving the ratio of ‘profit-making runs’ by its containers. The further acceleration in market container volumes in July bodes well for Q3. We have maintained our 2018 EPS but increased our DCF valuation by 2%.

トランスコンテナ - 生産性の向上が牽引役となり、第2四半期は好調な業績