This report is an updated version of the report published on 1 July 2025 at 11:59 AM AEST.

Plenti Group Ltd (ASX: PLT)

Plenti Group Limited (ASX: PLT) is an Australian fintech company specializing in technology-led consumer lending and investment services. The company provides loans primarily in three key sectors: automotive lending, renewable energy lending, and personal lending.

Recommendation Rationale - SELL at AUD 0.965

• Trading around resistance: PLT share price has surpassed its R2 level recommended on 22 May 2025; thus, it can face resistance at the current level.
• Technical standpoint: The momentum oscillator, 14-day RSI (~77.22) indicating that the stock price is in the overbought zone and could be due for potential pullback or price consolidation.

• Net credit loss rate is stable but still present: The net credit loss rate was 1.10% in FY25, slightly up from 1.06% in the prior year. While still low, any increase in credit losses could impact future profitability, especially if macroeconomic conditions worsen.
• Investment expensed, not capitalized: Plenti invested AU$14.1 million in product and technology enhancements during the year; however, these costs were expensed through the profit and loss statement rather than capitalized. This reduces reported profit and may pressure earnings in the near term.

Daily Price Chart

Daily Technical Chart, Data Source: REFINITIV

Valuation Methodology: Price/Cash Flow Approach (FY Mar’26E) (Illustrative)

PLT is expected to trade at a slight premium to its peers considering the 126% and 23% YoY growth in FY25 Cash NPAT and Revenue, respectively. For conducting valuation, the following peers have been considered: Moneyme Ltd (ASX: MME), Cash Converters International Ltd (ASX: CCV), and Harmoney Corp Ltd (ASX: HMY).

Considering the rally in share price movement, current trading level, and risks associated, the share price can witness resistance at the current levels. Hence, a ‘Sell’ recommendation is given on the stock at the current market price of AUD 0.965, as of 1 July 2025, at 10:56 AM AEST.

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical issues prevailing geopolitical tensions. 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 1 July 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 7 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 7 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.