CSL 0.30% $293.00 csl limited

$300 CSL SOON., page-139

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    On the other hand:

    Morgan Stanley analysts say CSL Limited (ASX : CSL) shares could top $350 if their bull case for the company eventuates. Currently trading at over $280, shares in CSL are up nearly 50% since a year ago.

    CSL’s market capitalisation
    At $350 a share, the market capitalisation of CSL (currently more than $127 billion) would be higher than that of the Commonwealth Bank of Australia (ASX: CBA), which has a market capitalisation of nearly $143 billion. According to The Australian, Morgan Stanley predicts that a scarcity of growth in the large-cap sector of the ASX will help push CSL’s price higher.

    The bull case
    “Given CSL’s superior ASX relative size, liquidity and growth . . . The market will continue to price delivery of bull case scenarios and longer-term disruption risk will be ignored,” Morgan Stanley said in a note to clients.

    The broker has increased the weighting of its bull case from 40% to 45% and reduced the weighting of its bear case from 10% to 5%.

    Morgan Stanley’s bull case assumes trials in CSL’s heart attack therapy (CSL 112) go to plan, its haemophilia medicines reach US$1 billion in revenue a year, its HAE franchise reaches US$1 billion in revenue, and efficiency gains of US$70 million a year are realised in plasma centres. The broker has lifted its price target to $290 and remains overweight due to near-term momentum.

    Earnings growth
    According to The Australian, Morgan Stanley expects a 3-year earnings per share compound annual growth rate of around 13% for CSL. Strong immunoglobulin growth and lower flu returns are predicted to contribute to 2020 net profit at the top end of guidance.
 
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Last
$293.00
Change
-0.870(0.30%)
Mkt cap ! $141.5B
Open High Low Value Volume
$295.00 $295.48 $292.18 $173.0M 589.7K

Buyers (Bids)

No. Vol. Price($)
2 862 $292.88
 

Sellers (Offers)

Price($) Vol. No.
$293.08 502 2
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Last trade - 16.10pm 19/06/2024 (20 minute delay) ?
CSL (ASX) Chart
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