1. Exit Case: Grange Resources Limited (ASX: GRR)

Overview: Grange Resources Limited (ASX: GRR) owns and operates integrated iron ore mining and pellet production business in Australia and internationally.

GRR has been a part of the ‘Value Model Portolio’ since 1^st March 2023, however, considering the recent downside in the stock, support & resistance levels, negative impact of market volatility and ~11% downside from the entry price, an ‘Exit’ is recommended from the stock at the support 2 of AUD 0.880, as on 14^th March 2023.

Source: REFINITIV as on 14^th March 2023

Grange Resources Limited (ASX: GRR), part of Kalkine’s Value Model Portfolio, has reached near its support level around which an exit case emerges.

1.1 Support and Resistance Summary as provided in our last published report dated 1^st March 2023.

1.2 Six-Months Technical Price Chart (ASX: GRR)

Six-Months Technical Price Chart (as of 14^th March 2023). Source: REFINITIV, Analysis: Kalkine Group

2. New Entry Case: Abacus Property Group

Overview: Abacus Property Group is a diversified real estate investment trust (REIT) with an investment portfolio focussed on the commercial property and self-storage sectors. The company is based in Australia, which invests capital in real estate opportunities to deliver long-term returns and maximize shareholders’ value.

Technical Analysis: On the daily chart, ABP prices are trading above the downward sloping trendline support zone and taking support from the trendline. Moreover, the momentum oscillator RSI (14-period) is showing a reading of ~39.185 level. However, the prices are trading below the trend-following indicators 21-period SMA, which may act as a resistance zone.

ABP is recommended as a new entry in the ‘Value Model Portolio’ as on 14^th March 2023. In the recent half-yearly FY23 update ABP reported a statutory profit of AUD 84.5mn. The Funds from Operations (FFO) increased by ~0.4% to AUD 81.4mn, and with the ~25% Y-o-Y growth in self storage net property rental income, group’s total assets rose to AUD 5.7bn. With the focused approach on ownership and management of self storage and commercial real estate, and operations of self storage locations, the group seems to be confident in delivering recurring income and value creation over the medium and long term. For FY23, ABP expects at least 18.4 cents per security of distribution. 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 closing market price of AUD 2.680, as on 14^th March 2023.

Source: REFINITIV as on 14^th March 2023

Abacus Property Group (ASX: ABP), is identified as the new entry to our Value Model Portfolio.

2.1 Support and Resistance Summary as on 14^th March 2023

2.2 Six-Months Technical Price Chart (ASX: ABP)

Six-Months Technical Price Chart (as of 14^th March 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 8^th March 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.

Disclaimer

This information should not be relied upon as personal financial advice by Kalkine on (i) the stocks or (ii) the use or suitability of the model portfolios. Only an investor knows about their circumstances to make an investment decision.

Model Portfolio has been prepared for illustrative purpose only and does not take into account the objectives, financial situation or needs of any particular investor. Accordingly, investors should, before acting on the information, consider its appropriateness, having regard to their objectives, financial situation and needs. Past performance is not necessarily indicative of future performance results. Actual investment returns will vary, and the value of investments can go up or down.

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