Technical testing stock ALQ has performed strongly post-COVID including growing revenue by 24% in FY22, considering its performance a valuation of 20.4x FY23 earnings isn’t too prohibitive while an estimated 3.5% yield is supportive. This company provides essential testing, inspection and certification for other companies including the mining industry which MM is bullish about over the coming years.
- We like ALQ targeting fresh all-time highs i.e. initially 8% higher.
MM is bullish on ALQ
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