Tag: ASX:CWY

Our “high conviction” buy on Cleanaway Waste Management has produced a 10% return in the past week.

Our upside target has been reached and we expect selling pressure building within the $2.30 – $2.40 price range.

What is your strategy?

1. Take profit now and be happy with the gain
2. Use a momentum filter and stick with the trade
3. Long-term investment 2% yield and a good 2 – 3 year outlook

If you’d like to discuss Cleanaway or our other high conviction holdings, please call me on 1300 614 002.

Cleanaway Waste Management found buying support at the $2.07 support level.

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Buy Cleanaway Waste Management

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Despite disruptions from COVID-19 Cleanaway reported an underlying EBITDA of $516m, up 12% on the same time last year.

FY21 EPS growth is forecast to increase by 2 – 3%, placing the stock on a forward yield of 1.8%.

The valuation is looking expensive at 30x earnings, however, the defensive exposure remains attractive in a low yield environment and the balance sheet is in good shape.

Cleanaway Waste Management is under Algo Engine buy conditions.

We recommend investors look to accumulate CWY $1.70 – $1.80 range.

Cleanaway Waste Management is now under Algo Engine buy conditions and we see buying support building at $1.50

As an essential service, CWY offers a degree of safety, and the company maintains a strong balance sheet and liquidity.

Cleanaway Waste Management is a holding in our “high conviction” ASX portfolio.

1H20 earnings were above forecasts with 2.5% growth on the same time last year.

Buy at $2.20

Cleanaway Waste Management provides a solid growth outlook in a defensive sector.

FY20 earnings will grow at double digits and the stock is now on 2.8% forward yield. We see further upside potential for the share price.