Friday tips round up: BAE Systems, Wanda

28th Aug 2015 10:50

(ShareCast News) - The Telegraph's Questor said it was a good time to buy shares in BAE Systems, after the share price dipped earlier this weekThe defence group missed out on a $6.8bn contract to build 17,000 vehicles for the US Army and Marines earlier this week, Questor wrote, but this wasn't the end of the world for BAE."With an order backlog of £37.2bn at the half-year, BAE is not going to run out of work soon, and although defence budgets have been under pressure for several years, the world is not getting any safer," Questor wrote.The shares up down 20% from six months ago, Questor said, so the depressed price presents a buying opportunity.It's not a listed company but Wanda Group is one to watch, according to the Financial Times' Lex column, of the company which recently snapped up a fifth of Spanish football team Atletico Madrid and now is buying 100% of another popular sporting property. Wang Jianlin, the chairman of the Chinese company, must have big plans for the Ironman organiser World Triathlon Corporation. There are no publicly available sales or profit figures, Lex said, which Wang purchased for $650m.State incentives to increase sport revenues would help, and Wang's plans to expanding the sport using reality TV would help, the column said.Lex said Wang knows how to take advantage of Chinese state priorities and was still a big believer in the Chinese middle class. Furthermore, Lex said, the business potential of live events should not be underestimated.