soaring up the charts in 2011

http://www.heraldsun.com.au/money/investing/soaring-up-the-charts-in-2011/story-e6frfh66-1225984549608

HERALD Sun business writer John Beveridge picks his 10 big performing stocks for the year.

"Asciano

WE probably learned two things out of the successful float of QR National last year - foreigners love buying railroads and Asciano is undervalued.

This could be the year when the ports and rail conglomerate finally begins to make some money for investors after spiralling debt levels left it friendless, flatlining and out of favour in the wash-up to the GFC.

Those issues are now largely behind Asciano and its CEO Mark Rowsthorn, pictured, and if you combine the railway valuations implied by the sale of QR National with the port valuations implied by the sale of DP World's five Australian ports, then Asciano is worth more than its share price suggests.

While you wouldn't expect a rapid return to the much higher share prices that were the norm back in 2007, even a solid but unspectacular operational performance should see Asciano shareholders prosper."