Data on International Trade Advocating Growth in Travel & Transport Space

Market Event Overview

Event Highlights

Data Insights and Analysis

Key Drivers versus Key Challenges

Considering the International Trade data, two ASX stocks are identified to showcase the momentum.

(1) Corporate Travel Management Limited (Recommendation: ‘Buy’ at AUD 17.870, Potential Upside: Low Double-Digit)

(M-cap: AUD 2.60bn, Annual Dividend Yield: 0.61%)

The stock has witnessed a fall of ~9.1% in 6 months and over the last 9 months, it has decreased by ~13.6%. The stock has a 52-week low and 52-week high of AUD 13.72 and AUD 26.34, respectively and is currently trading slightly below the average of 52-week high-low average

(2) SG Fleet Group Limited (Recommendation: ‘Hold’ at AUD 2.110, Potential Upside: Low Double-Digit)

(M-cap: AUD 759.20mn, Annual Dividend Yield: 7.08%)

The stock has witnessed a rise of ~17.5% in 3 months, whereas over the last 6 months, it has decreased by ~14.2%. The stock has a 52-week low and 52-week high of AUD 1.63 and AUD 2.84, respectively and is currently trading slightly below the average of 52-week high-low average.

Comparative Price Chart

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 13 March 2023. 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.

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.

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