Shaw & PartnersZip Co (Z1P)
Rating: Buy | Risk: High | Price Target: $3.27
Sector volatility and uncertainty breeds opportunity
Event: What a week in the buy now pay later (BNPL) sector is. The largest, highest valued and international aspiring sector participant in Afterpay Touch (ASX: APT – Not covered) gave a buoyant business update, raised expansion capital, undertook a sell-down and received a notice from Austrac to appoint an external auditor in regards to AML/CTF compliance.
Recommendation: Sector scrutiny is likely to negatively affect sentiment and multiples in the short term. Longer term Zip remains an exponentially strong growth story with structural tailwinds blowing towards BNPL taking further significant market share from major banks. Any stock weakness for Zip from the sector is a buying opportunity, Re-iterate Buy.
Price target $3.27
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Last
$1.23 |
Change
-0.020(1.60%) |
Mkt cap ! $1.340B | |||
| Open | High | Low | Value | Volume |
| $1.21 | $1.25 | $1.20 | $2.961M | 2.418M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 105632 | $1.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.23 | 33289 | 12 |
View Market Depth
| Last trade - 12.41pm 01/05/2024 (20 minute delay) ? |
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Last
$1.23 |
Change
-0.020 ( 1.07 %) |
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| Open | High | Low | Volume | ||
| $1.20 | $1.25 | $1.20 | 6886492 | ||
| Last updated 13.03pm 01/05/2024 ? | |||||
| ZIP (ASX) Chart |