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Company Overview
Company Overview: Credit Corp Group Limited (ASX: CCP) is a debt purchasing, collection, and consumer lending company based in Australia. It deals in Australia, USA, and New Zealand markets. Amotiv Limited (ASX: AOV), formerly G.U.D. Holdings Limited, owns a portfolio of companies specializing in providing automotive products and solutions that meet the evolving needs of its customers worldwide. Kalkine’s Sector Report covers the Investment Summary, Sector Overview & Supporting Catalysts, Data Insights & Analysis, Financial Metrics, Financial Commentary, Risks, Outlook, Technical Analysis along with the Valuation, Target Price, and Recommendation on selected stocks.
Investment Summary
Sector Overview and Supporting Catalysts
Data Insights and Analysis
Index Performance
Investment theme and stocks under discussion (CCP, AOV)
After understanding the sectors, let us now look at two companies from the consumer discretionary and financials sector listed on the ASX. The price potential of the companies under discussion have been analysed based on P/B and P/E relative valuation methods.
1. ASX: CCP (Credit Corp Group Limited)
(Recommendation: ‘Speculative Buy’ at AUD 16.320; Potential Upside: Low Double-Digit; MCap: AUD 1.11bn)
CCP is a debt purchasing, collection, and consumer lending company based in Australia. It deals in Australia, USA, and New Zealand markets.
The stock has witnessed a correction of ~5.66% in last three months, and over the past nine months, it has declined by ~5.28%. The stock has a 52-week low and 52-week high of AUD 13.780 and AUD 19.860, respectively and is currently trading below the 52-week high-low average.
2. ASX: AOV (Amotiv Limited)
(Recommendation: ‘Hold’ at AUD 10.480; Potential Upside: Low Double-Digit; MCap: AUD 1.47bn)
AOV, formerly G.U.D. Holdings Limited, owns a portfolio of companies specializing in providing automotive products and solutions that meet the evolving needs of its customers worldwide.
The stock has witnessed a correction of ~4.64% in last nine months, and over the past 12 months, it has declined by ~11.93%. The stock has a 52-week low and 52-week high of AUD 9.690 and AUD 12.450, respectively and is currently trading below the 52-week high-low average. AOV was last covered in a report dated ‘19 December 2024’.
Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.
Note 1: Past performance is neither an Indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 9 January 2025. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual’s appetite for upside potential, risks, holding duration, and any previous holdings. An ‘Exit’ from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.
Note 4: Kalkine reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 25-30 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.
Technical Indicators Defined: -
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
Disclaimer This report has been issued by Kalkine New Zealand Limited (FSP691351) (NZBN:9429047678101) (“Kalkine”). Kalkine is a Financial Advice Provider (“FAP”) and is authorised by a Class 1 Financial Advice Provider Licence issued by Financial Markets Authority (“FMA”) to provide financial advice. Kalkine provides only general financial advice through its research reports following a person becoming a member. The reports contain buy/sell/hold and other recommendations in relation to equity securities, managed funds and other managed investment schemes and other financial advice products. The recommendations and opinions in this report and on Kalkine website do not take into account any of your investment objectives, financial situation or needs. Before you make a decision about whether to acquire a financial product, you should obtain the Product Disclosure Statement from the product issuer. You should consider the appropriateness of advice taking into account your own objectives, financial situation and needs and seek independent financial advice before making any financial decisions. If you act on the advice in the research reports, you may have to pay fees, expenses or other amounts (but not to Kalkine). Further information about the complaints and dispute resolution process, as well as information about Kalkine’s duties are available on Kalkine’s website. Please read our Financial Advice Provider (FAP) disclosure statement and Complaints Handling Guide, which are available on the website.
Past performance is not a reliable indicator of future performance.
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