Company Overview: Hipages Group Holdings Limited (ASX: HPG) is an online trading platform and SaaS provider that connects traders with residential and commercial consumers to ease out the process of property improvement. It operates an online marketplace and facilitates the connection of consumers to the trade service providers in the home improvement and natural therapy sectors. 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 this one ASX-listed stock along with recommendations, technical support and resistance levels and indicative stop-loss.
Section 4: Hipages Group Holdings Limited (ASX: HPG) (‘Speculative Buy’ at AUD 1.03 closing market price per share as on 6 June 2024)
4.1 Company Details, Business Updates, Key Risks & Outlook
Section 5: Valuation and Recommendation Summary
The stock has witnessed a decline of ~5.8% in the last one month and over the last three months, it has decreased by ~7.1%. The stock has a 52-week low and 52-week high of AUD 0.630 and AUD 1.30, respectively, and is currently trading above the average of 52-week high-low average. HPG was last covered in a report dated ’18 February 2022’.
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 June 6, 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.
Disclaimer-
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