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IVE Group Limited (IGL)

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IVE Group Limited (IGL)

Hi Team, Could you kindly provide your perspective on Ive Group Limited? Do you see any potential upside in its stock in the mid-term, considering its current trading levels? I've noticed it's also on your hit list. Regards Sumit

Answer

Hi Sumit,

We’re 50/50 on Ive Group (IGL) around current prices ($2.10,) believing it’s a buy into weakness sub~$1.90, rather than mid-range, hence it has remained on our Hitlist for some time. When they reported in August they guided to net profit after tax (NPAT) of $40-43m, which implies only low single-digit growth this year, as a result, we remain patient.

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IVE Group Ltd (IGL)
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