Industrials
More than just a cyclical play - since new management took over in 2020 a transformation has been underway that has led to the streamlining and rationalisation of the company’s operations. MOD offers investors exposure to the rapidly growing European heat pump market (projected to expand at a CAGR of >8% from 2022 to 2030), the global data centre cooling market, and it is also expanding into battery thermal management, with potential opportunities in EV applications. The stock has risen over 160% in the past year, but Singular Research believes there is still a potential upside of 40% by FY24.
Edition: 155
- 03 March, 2023