Company Overview: Metcash Limited (ASX: MTS) is an Australian wholesale distribution and marketing company operating via the food, liquor, and hardware segments. Under the food pillar, the MTS caters to independent supermarkets and convenience retail outlets. Zimplats Holdings Limited (ASX: ZIM) is a platinum mining company based in Guernsey. It is engaged in producing platinum group metals (PGM) and associated metals, such as nickel, gold, copper, cobalt, and silver mined from the Great Dyke in Zimbabwe. The Company operates mines in Ngezi and has processing plants in Selous and Ngezi. Kalkine’s Daily Report covers the Key Financial Metrics, Risks, Outlook, Technical Analysis along with the Valuation, Target Price, and Recommendation on the stock.

Metcash Limited (ASX: MTS)

Section 1.0: Key Metrics in Pictures

Having looked at the key financial ratios above the below sections provide an in-depth fundamental, and technical analysis on this Retail stock along with recommendations, technical support and resistance levels and indicative stop-loss.

Section 2.0: Metcash Limited (‘Buy’ at AUD 3.770, current market price as on 30 June 2023)

2.1 Company Details

2.2 Stock Recommendation, and Technical Guidance

The stock has witnessed a fall of ~5.27% in 6 months and over the last 9 months, it has declined by ~2.58%. The stock has a 52-week low and 52-week high of AUD 3.450 and AUD 4.360, respectively and is currently trading below the average of 52-week high-low average. MTS was last covered in a report dated ‘26 May 2023’.

 Zimplats Holdings Limited (ASX: ZIM)

Section 1.0: Key Metrics in Pictures

Having looked at the key financial ratios above the below sections provide an in-depth fundamental, and technical analysis on this Metals & Mining stock along with recommendations, technical support and resistance levels and indicative stop-loss.

Section 2.0: Zimplats Holdings Limited (‘Speculative Buy’ at AUD 23.77, current market price as on 30 June 2023)

2.1 Company Details

2.2 Stock Recommendation, and Technical Guidance

The stock has witnessed a fall of ~10% in 6 months and over the last 9 months, it has declined by ~5%. The stock has a 52-week low and 52-week high of AUD 21.77 and AUD 31.00, respectively and is currently trading below the average of 52-week high-low average. ZIM was last covered in a report dated ’16 June 2023’.

(Source: REFINITIV; Analysis by Kalkine Group)

Markets are trading in a highly volatile zone currently due to certain macro-economic 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 30 June 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.

Disclaimer

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