transport sector is at a crossroads

Looking for Asciano discussion or comments ?

Recently appears all in Charts.


Google for some other news commentary ?

http://www.fnarena.com/index2.cfm?type=dsp_newsitem&n=A362AE82-AFBD-697B-2139DB9047C6952C

Transport Needs More Economic Fuel
FNArena News - February 05 2013

-Transport needs more economic fuel
-Port and rail has most favoured outlook
-Logistics is stretched
-Waiting for Qantas to deliver


By Eva Brocklehurst


The transport sector is at a crossroads. It's driven as far as it can on current fundamentals but is awaiting a further rebound in the economy to fuel up. The recent rally in the share market has lifted most players in the sector, according to brokers, except perhaps Virgin Australia ((VAH)). CIMB believes this strengthening of the sector is not because of improved fundamentals, and there is a likelihood that earnings and guidance will fail to meet expectations. Macquarie also suspects that much of the recent rally stems form multiple (PE) expansion rather than an improved earnings outlook. UBS expects earnings growth will eventuate for the sector, except the airlines and Toll Holdings ((TOL)).

---- END EXTRACT-- go read the original article---


IMHO worth reading :-)