Hello everyone, great to have your company on Kalkine TV. I'm Rachael and you’re watching
Buzzing Trends. Today we will are looking at 7 ASX mid-cap stocks that have outperformed MidCap 50
Index. The trade-off between risk and return often puts a large chunk of investors in a baffle zone,
as they look forward to increasing their return while avoiding volatility. As a result, mid-cap
stocks can prove to be a twilight zone in the investing landscape, allowing investors to get the
best (and probably even the worst) of both worlds. At the same time, investors must also understand
that since these companies are riskier than large caps, they should cherry-pick the stocks
cautiously to avoid huge losses. The appeal for mid-cap investing is growing among many investors.
Let us look at a few mid-cap stocks that beat MidCap 50 by generating over 2X return in the
past one year.First up, Melbourne-based Lifestyle Communities is a property developer, owner,
and manager offering affordable housing options to Australians over 50 years of age. The Company
witnessed an increase of over AU$108 million in its property portfolio during financial year 21,
driven by a steady compression in capitalisation rates for land lease assets and movements in the
residential property market. The Company recently purchased a site on the Phillip Island in Cowes,
which will be Lifestyle Communities’ 24th community. Next up is global leading provider
of elastic interconnection services, Megaport, they use software defined networking enabling
its customers to rapidly connect their network to other services across the Megaport Network.
They reported record monthly recurring revenue growth in the first quarter of financial year 22,
while its annualised revenue exceeded AU$100 million. The Company recently announced support
for Versa SASE on Megaport Virtual Edge, to bolster connectivity options for branch locations
as well as remote users. Next is Chalice Mining. Australian explorer of platinum group element,
nickel, copper, cobalt and gold, Chalice Mining undertook a range of activities in
the September quarter, with the Company’s major focus on the Julimar Nickel-Copper-PGE Project
in Western Australia. Chalice Mining recently announced tier-1 scale maiden mineral resource
for the Gonneville PGE-nickel-copper-cobalt-gold deposit, marking the largest nickel sulphide
discovery in more than 20 years and largest PGE discovery in the Australian history. Next is
fast-fashion jewellery and fashion company Lovisa. They saw robust global comparable store sales for
the first 20 weeks of financial year 22, up by over 25% year-on-year. For the reported period,
total sales grew over 46% on financial year 21. The strong growth trajectory
was achieved despite the closure of its stores due to lockdowns in Australia,
New Zealand, and Malaysia. The Company has now opened all stores in its network and has also
added two new franchise stores in Cyprus, bringing its global geographical footprint to 21 countries.
Moving on. Objective Corporation is an Australian software developer engaged in delivering quick and
intuitive information to government organisations. The Company reported an increase in its revenue
for financial year 21 by 36% to over AU$95 million while its EBITDA and NPAT edged up 49% and 46%
respectively. Its transition to subscription revenue touched milestones,
with over 95% of software revenue achieved on a subscription basis. Next, Australian
retailer Metcash continued to perform strongly during the first 16 weeks ended 15 August 2021,
driven by a shift in consumer behaviour and its MFuture program supporting improved
competitiveness of store networks. For the period, supermarket sales edged up 12.9% in the same
period in financial year 20, and approximately 17% higher excluding the impact of Drakes. However,
supermarket sales tumbled compared to the same period in financial year 21. On the other hand,
liquor and hardware sales showed robust momentum and edged up 9.5% and 16.3% over the same period
in financial year 21, respectively. And lastly, we have the EBOS Group, a supplier and distributor of
medical consumable products and equipment to the hospital and primary care sectors.
The has completed the acquisition of Sentry Medical, which deals with a broad range of medical
consumable products. EBOS achieved a record profit for financial year 21, with an uptick of 5% in
revenue, which exceeded AU$5 billion for the first time. Well, that’s all for now. We will be back
soon with our Buzzing Trends show to share the latest market insights with you. Till then, Stay
tuned with Kalkine TV for more stock, business and economy related hot trends.