11/09/2024 09:19

Data#3 Ltd (DTL) $7.72

For those unfamiliar with $1.2bn QLD-based DTL, it's a value-added reseller of software and infrastructure products to government and enterprise customers in Australia. According to the company, it was Microsoft, Cisco, and HP's no.1 reseller in Australia and a top-five reseller for Dell in sales terms in FY23. DTL is a well-run business leveraged to increasing spend on IT; however, we see a few risks into FY25 which have contributed to the stock's more than 20% pullback from its early 2024 high:

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28/11/2023 09:09

Data#3 Ltd (DTL) $7.77

For subscribers unfamiliar with DTL, a less heralded ASX tech stock, it's a value-added reseller of software and infrastructure products to government and enterprise customers in Australia. According to the company, it was Microsoft, Cisco and HP's no.1 reseller in Australia and a top-five reseller for Dell in sales terms in FY23.

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26/09/2023 09:07

Data#3 Ltd (DTL) $7.14

DTL is a $1.1bn IT business, which has been trading around $7 for most of 2023, Morgans recently downgraded the IT solutions company to a hold with the same $7 price target. We believe the company will be a benefactor of increased IT spending in areas such as IT services and cloud networking infrastructure over the years ahead. The stock looks good value, trading on a PE of 26.6x for 2024, plus an estimated 3.6% yield, with its outlook helped by its defensive government contracts.

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