This report is an updated version of the report published on 26 September 2024 at 12:26 PM AEST.

Company Overview: Talga Group limited (ASX: TLG) is engaged in the research, exploration and development of graphite and the production of battery anodes and graphene additives in Sweden, Germany, and the United Kingdom. AGL Energy Limited (ASX: AGL) provides energy and telecommunications services. It operates electricity generation within the National Electricity Market using coal, gas-fired power plants, and renewable energy. Kalkine’s Inflation Report covers the Investment Highlights, Key Financial Metrics, Risks, Outlook, Technical Analysis along with the Valuation, Target Price, and Recommendation on these two stocks.

Section 1: Introduction

Section 2: Investment Highlights & Summary Table

Section 3.0: Key Metrics in Pictures

Having looked at the key financial ratios above the below sections provide an in-depth fundamental, and technical analysis on these two ASX-listed stocks along with respective recommendations, technical support and resistance levels and indicative stop-loss.

Section 4: Talga Group Limited (ASX: TLG) (Speculative Buy’ at AUD 0.375, current market price as on 26 September 2024)

4.1 Company Details, Business Updates, Key Risks & Outlook

Section 5: Valuation and Recommendation Summary

The stock has witnessed a decline of ~34.9% in the last three months, and over the last six months, it has decreased by ~46.5%. The stock has a 52-week low and 52-week high of AUD 0.345 and AUD 1.275, respectively, and is currently trading below the average of 52-week high-low average. TLG was last covered in a report dated '15 April 2024'.

Section 6: AGL Energy Limited (ASX: AGL) (‘Hold’ at AUD 12.01, current market price per share as on 26 September 2024)

6.1 Company Details, Business Updates, Key Risks & Outlook

Section 7: Valuation and Recommendation Summary

The stock has witnessed a rise of ~12.59% in the last three months, and over the last six months, it has increased by ~44.72%. The stock has a 52-week low and 52-week high of AUD 7.80 and AUD 12.20, respectively, and is currently trading above the average of 52-week high-low average. AGL was last covered in a report dated ’15 August 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 26 September 2024. 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: Dividend Yield may vary as per the stock price movement. 

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.