1. Exit Case: Invocare Limited (ASX: IVC)

Overview: Invocare Limited (ASX: IVC) provides funeral, cemetery, and crematoria services. The Company operates through three segments: Australia, Singapore, and New Zealand.

IVC has been a part of the ‘Value Model Portolio’ since 3^rd November 2022, however, considering the recent rally in the stock, support & resistance levels, and 16.30% upside from the entry price, an ‘Exit’ is recommended from the stock at the closing market price of AUD 12.070, down by ~0.082% as on 8^th March 2023.

Source: REFINITIV as on 8^th March 2023

Invocare Limited (ASX: IVC), part of Kalkine’s Value Model Portfolio, has reached near its resistance level around which an exit case emerges.

1.1 Support and Resistance Summary as provided in our last published report dated 7^th November 2022.

 1.2 One-Year Technical Price Chart (ASX: IVC)

One-Year Technical Price Chart (as of 8^th March 2023). Source: REFINITIV, Analysis: Kalkine Group

2. New Entry Case: GQG Partners Inc.

Overview: 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.

Technical Analysis: On the daily chart, GQG prices are sustaining above the upward sloping trendline support zone and taking support from the trendline. Moreover, the momentum oscillator RSI (14-period) is showing a reading of ~48.228 level. Further, the prices are trading above the trend-following indicators 21-period SMA, which may act as a support zone.

GQG is recommended as a new entry in the ‘Value Model Portolio’ as on 8^th March 2023. In the recent update GQG recorded the FUM (Funds under Management) as USD 90.8bn as of 28^th February 2023 as compared to USD 92.0bn as of 31^st January 2023. For the month of January & February 2023, GQG reported net inflows of USD 3.0bn combined. Net revenue increased ~9.8% Y-o-Y, and USD 332.1mn was recorded as net operating income for FY22. 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 1.485, as on 8^th March 2023.

Source: REFINITIV as on 8^th March 2023

GQG Partners Inc. (ASX: GQG), is identified as the new entry to our Value Model Portfolio.

2.1 Support and Resistance Summary as on 8^th March 2023

2.2 One-Year Technical Price Chart (ASX: GQG)

One-Year Technical Price Chart (as of 8^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.

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