TransContainer’s (TRC) nine-month and Q3 results announcement on 28 November was in line with Edison and market expectations. We leave our forecasts unchanged, but acknowledge that if the Russian rail container market continues to grow at the rate witnessed in recent months, our estimates (five-year EBITDA CAGR 11.3%) will look conservative. We await full year results, which we expect in late March, for a management update on rail container market growth.
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Runaway market growth
- Published:
01 Dec 2016 -
Author:
Jamie Aitkenhead -
Pages:
5
TransContainer’s (TRC) nine-month and Q3 results announcement on 28 November was in line with Edison and market expectations. We leave our forecasts unchanged, but acknowledge that if the Russian rail container market continues to grow at the rate witnessed in recent months, our estimates (five-year EBITDA CAGR 11.3%) will look conservative. We await full year results, which we expect in late March, for a management update on rail container market growth.