Stocks’ Details
 

DigitalX Ltd

DCC Price Query by ASX: DigitalX Ltd.’s (ASX: DCC) stock plunged 8.57% on July 26, 2018 with fluctuations in cryptocurrency and market volatility. The company has developed four business lines which include Initial Coin Offering (ICO) advisory, Blockchain consulting, Blockchain education and cryptoasset news and funds management. The company at the end of March quarter, had total cash of US$5.3m and digital assets trading on exchanges of ~US$5m. Further, DCC has made Joint venture with digital media company Multiplier to launch a new crypto business news website and online Blockchain education platform coin.org. On the other hand, Australian Securities Exchange has enquired about the change in trading price of DCC stock on 17^th July 2018 from a low of $0.096 to a high of $0.125 along with significant rise in volume. For which DCC has clarified that they are not aware about any development or information, which could materially affect the share price and confirmed that the company is in compliance with the Listing Rules. Meanwhile, DCC stock has risen 108.33% in one month as on July 25, 2018  and is trading at a P/E of 11.99x. The stock rose due to positive development in the cryptocurrency market. However, cryptocurrency market is under pressure as most of the cryptos are witnessing fall in price. Nonetheless, given the medium to long term outlook, we maintain a “Speculative Buy” recommendation on the stock at the current price of $ 0.160.
 

DigitalX exchange listed cryptoasset holdings as at 31 March 2018  (Source: Company Reports)
 

Gage Roads Brewing Co Limited

Fourth Quarter 2018 Performance: Gage Roads Brewing Co Limited’s (ASX: GRB) stock plunged 11.54% on July 26, 2018, which may be owing to some profit booking. GRB for the fourth quarter 2018 has generated cash from operations of $2.9 million. The sales to independent retailers were up 173% and Gage Roads draught sales grew 145%. Further, during the fourth quarter, it had announced acquisition of Matso’s Broome Brewing. The company has completed successfully $10 million placement and $2 million SPP. Moreover, the company’s brand growth and 5-year strategy is on track to post margin growth and earnings targets for FY19 and beyond. Matso’s brand is expected to provide a step-change to the 5-year strategy, bringing forward earnings targets. Meanwhile, GRB stock has risen 80.56% in three months as at July 25, 2018. Based on the foregoing, we give a “Hold” recommendation on the stock at the current price of $ 0.115.
 

Yojee Ltd

Signed 2-year agreement with Riverwood Logistics:Yojee Ltd.’s (ASX: YOJ) stock fell 4.5% on July 26, 2018. The company has recently signed a 2-year agreement through its wholly owned subsidiary, Yojee Solutions Pte Ltd, with Riverwood Pte Ltd to provide Yojee’s logistics software to Riverwood, which the parties expect will enable Riverwood to create greater efficiencies, and simplify and improve user experience across Riverwood’s operations. The software will be used ‘off the shelf’ by Riverwood, with paid deliveries commencing immediately through the Yojee platform. Moreover, Riverwood is rapidly growing and many of their new key contracts will commence. The company is already serving DHL FedEx SingPost and TNT. The company is also a launch partner for the 2-hour PrimeNow delivery service for Amazon, Singapore. YOJ and Riverwood has planned to collaborate on freight network partnerships and technology innovation. Meanwhile, YOJ stock has fallen 31.25% in three months as on July 25, 2018. As of now, we give a “Speculative Buy” recommendation on the stock at the current price of $ 0.105.
 

SportsHero Ltd

Initial launch of the World Cup Campaign generated early revenue flows:SportsHero Ltd.’s (ASX: SHO) stock rose 2.9% on July 26, 2018. The initial launch of its World Cup Campaign in Indonesian has generated very encouraging early revenue flows. In the first two weeks of the World Cup, the company has delivered gross revenue of A$50,180 and a gross profit of A$42,653. The company has successfully launched World Cup Campaign in Indonesia in June during Ramadan celebrations and, therefore, less than half of Walletku’s outlets were activated. The company expects that the gross revenue will grow significantly in July to in excess of A$100,000 and will continue to grow after the start of the 2018/19 English Premier League and Spanish LaLiga seasons, which are the two most followed football leagues in the world and are a key focus for growth for SHO. Moreover, Walletku had commenced rollout of SHO ticket sales in Indonesia in mid-June and expects to progressively engage all of its network of 22,000 outlets during July. The company expects SHO tickets sales, through Walletku’s payment platform, to grow rapidly. Meanwhile, SHO had partnered with two strategic partners. The first partner is Mr Tri Putra Permadi, a leading Indonesian IT, social network and telecommunications entrepreneur who has been engaged as SHO’s Official Indonesian Football Partner. The second partner is PT Walletku Indompet Indonesia (Walletku), who has fully integrated their payment platform with SportsHero’s Indonesian App to increase the sale of SHO tickets to Walletku’s users wanting to participate in SportsHero’s localised Indonesian competitions. As a result, SHO stock has risen 126.67% in one month as on July 25, 2018. The group is also preparing for the release of its version 3 of company’s App and appointed Chris Flintoft as Chief Digital Officer to look after the same.Based on the foregoing, we give a “Hold” recommendation on the stock at the current price of $ 0.175.
 

BrainChip Holdings Ltd

Unveiled the Akida Development Environment:BrainChip Holdings Ltd (ASX: BRN), which is the leading neuromorphic computing company, witnessed a stock price surge of 10% on July 26, 2018. The company will be participating at the semiconductor design and software engineering forum MPSoC (multiprocessor system-on-chip) to be held at the Cliff Lodge in Snowbird, Utah, from July 29-August 3. This will provide company’s CTO Peter Van der Made the opportunity to discuss in-depth the unique, energy efficient and versatile spiking neural network (SNN) approach taken by BRN. As a commercial business, the company wants to capitalise on the growing need for AI-powered solutions by commercialising “spiking neural networks”, which is a type of neuromorphic computing that simulates the functionality of the human brain. BRN will also provide in-depth insights into BrainChip’s energy-efficient and versatile spiking neural network (SNN) approach at a forum in Utah next week. Moreover, the upcoming tech show in Utah will provide a prominent platform for BRN to unveil the company’s latest development, the Akida Development Environment. The analysts are expecting that the Akida Development Environment has significant growth markets that can create a US$4.5 billion opportunity by 2025. Therefore, Akida is targeted at high growth markets that provide a multi-billion dollar opportunity. Additionally, the Akida development environment is the first phase in the commercialization of neuromorphic computing based on BrainChip’s ground-breaking Akida neuron design. Meanwhile, BRN stock has risen 11.11% in three months as on July 25, 2018. Based on the foregoing, we give a “Speculative Buy” recommendation on the stock at the current price of $ 0.165.

 
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