Value Model Portfolio Rebalancing EXIT (ASX GQG) and ENTRY (ASX IPL)

 1. Exit Case: GQG Partners Inc. (ASX: GQG)

Overview GQG Partners Inc. (ASX: GQG) is a global boutique asset management firm with a focus on active equity portfolios. The Company manages global and emerging market equities for institutions, advisors, and individuals worldwide.

GQG has been a part of the ‘Value Model Portolio’ since 8^th March 2023, however, considering the recent rally, trading near the resistance in the stock, support & resistance levels, and ~14.01% upside from the entry price, an ‘Exit’ is recommended from the stock near the resistance of AUD 1.693, as on (27th July 2023 at 11:53 AM GMT+10).

GQG Partners Inc. (ASX: GQG) part of Kalkine’s Value Model Portfolio, has reached near its resistance level around which an exit case emerge

1.1 Support and Resistance Summary as provided in our last published report dated 08 March 2023.

1.2 GQG Partners Inc. (ASX: GQG)

One Year Technical Price Chart (as of 27^th July 2023). Source: REFINITIV, Analysis: Kalkine Group

2. New Entry Case: Incitec Pivot Limited

3. Overview: Incitec Pivot Limited (ASX: IPL) provides technological support to the resources and agricultural sectors. This Australia-based company has three main segments--Asia Pacific, Americas, and Group eliminations (Group Elim)/Corporate.

Technical Analysis: On the daily chart, IPL prices are trading above the falling trendline support zone and trading above the trendline. Moreover, the momentum oscillator RSI (14-period) is showing a reading of ~67.63 level. Further, the prices are trading above the trend-following indicators 21-period SMA, which may act as a support zone. An important support level for the stock is placed at AUD 2.65 while the key resistance level is placed at AUD 3.55.

Considering the above mentioned factors, technical analysis, support & resistance levels, key risks and outlook an ‘Entry’ is recommended in the ‘Value Model Portfolio’ at the curent market price of AUD 3.05, as on (27^th July 2023).

 Source: REFINITIV as on 27^th July 2023

Incitec Pivot Limited (ASX: IPL) has been identified as the new entry to our Value Model Portfolio.

2.1 Support and Resistance Summary as on 27^th July 2023

2.2 One Year Technical Price Chart (ASX: IPL)

One Year Technical Price Chart (as of 27^th July 2023). Source: REFINITIV, Analysis: Kalkine Group

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency as of (27^th July 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.

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