Three Diversified Stocks Under 20 Cents Report with Decent Long-term Growth Potential -ASO, ICI, SOR

1.Aston Minerals Limited (Recommendation: Speculative Buy, Market Cap: ~AUD 105.78mn)

Aston Minerals Limited (ASX: ASO) is an Australia-based resources company, which is engaged in the exploration and development of minerals including nickel-cobalt and gold exploration company.

Business Updates: The below picture gives an overview of key valuable updates:

4QFY22 Summary:

Key Ratios:  During 1HFY22, ASO recorded a nil debt to equity ratio.

Outlook:

 SWOT Analysis:

Source: Company Filings; Analysis: Kalkine Group 

Technical Commentary:

Stock Recommendation:

2. iCandy Interactive Limited (Recommendation: Speculative Buy, Market Cap: ~AUD 94.04mn)

iCandy Interactive Limited (ASX: ICI) is engaged in the development and licensing of mobile games. The company operates in Australia, New Zealand and Southeast Asia with operating bases in Australia.

Business Updates: The below picture gives an overview of key valuable updates:

1HFY22 Summary:

Key Ratios:  During 1HFY22, ICI recorded cash cycle days of 74.6 as compared to 325.8 days in 1HFY21.

Outlook:

 SWOT Analysis:

Source: Company Filings; Analysis: Kalkine Group 

Stock Recommendation:

3. Strategic Elements Limited (Recommendation: Speculative Buy, Market Cap: ~AUD 60.58mn)

Strategic Elements Limited (ASX: SOR) makes investments in Australian SMEs throughout the resources and technology sectors.

Business Updates: The below picture gives an overview of key valuable updates:

Insights of FY22:

Key Ratios:  SOR witnessed a trend of nil debt to equity ratio since FY18, showcasing unleveraged position.

Outlook:

SWOT Analysis:

Source: Company Filings; Analysis: Kalkine Group

Technical Commentary:

Stock Recommendation:

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 not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is September 09, 2022. 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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