1. iCandy Interactive Limited (Recommendation: Speculative Buy, Market Cap: ~AUD 120.38 mn)
iCandy Interactive Limited (ASX: ICI) is an award-winning Australian videogame company engaged in the development and licensing of mobile games.
Business Updates: The below picture gives an overview of key valuable updates:
1QFY22 Summary:
Key Ratios: During FY21, ICI recorded a nil debt to equity ratio. It posted a current ratio of 11.06x as against 6.78x in F20.
Outlook:
SWOT Analysis:
Stock Recommendation:
2. Flexiroam Limited (Recommendation: Speculative Buy, Market Cap: ~AUD 19.24 mn)
Flexiroam Limited (ASX: FRX) is involved in telecommunications and Internet of Things (IoT) connectivity.
Recent Updates:
Insights of FY22: The following picture gives an overview of business performance in FY22:
Key Ratios: During FY22, FRX posted a current ratio of 0.69x as against 0.50x in F20.
Outlook:
SWOT Analysis:
Stock Recommendation:
3. Atlas Pearls Ltd (Recommendation: Speculative Buy, Market Cap: ~$16.25 million)
Atlas Pearls Ltd (ASX: ATP) is engaged in pearl farming, manufacturing of perfumes, as well as retailing and distribution of jewellery.
Business Update: The below picture gives an overview of the recent appointment:
Insights of 3QFY22:
Key Ratios: During 1HFY22, ATP recorded debt to equity ratio of 0.12x against the industry median of 0.18x.
Outlook:
SWOT Analysis:
Stock Recommendation:
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: The reference date for all price data, currency, technical indicators, support, and resistance levels is July 15, 2022. The reference data in this report has been partly sourced from REFINITIV.
Note 2: 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 downtrend may take a pause backed by demand or buying interest.
Resistance: A level at which the stock prices tend to find resistance when they are rising, and uptrend may take a pause due to profit booking or selling interest.
Stop-loss: In general, it is a level to protect further losses in case of any unfavourable movement in the stock prices.
Disclaimer - This report has been issued by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and prepared by Kalkine and its related bodies corporate authorised to provide general financial product advice. Kalkine.com.au and associated pages are published by Kalkine.
Any advice provided in this report is general advice only and does not take into account your objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your objectives, financial situation and needs before acting upon it.
There may be a Product Disclosure Statement, Information Statement or other offer document for the securities or other financial products referred to in Kalkine reports. You should obtain a copy of the relevant Product Disclosure Statement, Information Statement or offer document and consider the statement or document before making any decision about whether to acquire the security or product.
You should also seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice in this report or on the Kalkine website. Not all investments are appropriate for all people.
The information in this report and on the Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of information contained in its reports, newsletters and websites. All information represents our views at the date of publication and may change without notice.
Kalkine does not guarantee the performance of, or returns on, any investment. To the extent permitted by law, Kalkine excludes all liability for any loss or damage arising from the use of this report, the Kalkine website and any information published on the Kalkine website (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine hereby limits its liability, to the extent permitted by law, to the resupply of services.
Please also read our Terms & Conditions and Financial Services Guide for further information.
On the date of publishing this report (referred to on the Kalkine website), employees and/or associates of Kalkine and its related entities do not hold interests in any of the securities or other financial products covered on the Kalkine website unless those persons comply with certain safeguards, procedures, and disclosures.
Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.