The previously named Sealink is an Australian-based land & marine, tourism, and public transport service provider that rallied +4.7% on Wednesday as the market reacted positively to its AGM, the stock ended up the most in 8 months on double the usual daily volume – the company said it was happy with trading across all three of its key units. Following the AGM, Macquarie Group raised its target price to $7.70, over 20% above yesterday’s close.
- We like the risk/reward towards KLS after yesterday’s AGM, with the Macquarie target looking very achievable.
MM is bullish toward KLS
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