ASX shows adaptability, navigating through RBA’s robust monetary discussions and global uncertainties, reflecting a market responsive to multifaceted economic and geopolitical influences.
*** GENERAL AVICE ONLY***
Trade Date: 17/10/2023
Recommendation
Entry price: <1.045 Target Price: >1.95
Stop Loss: 0.81 (9% trailing)
Rationale
PPK Group’s subsidiary BNNT has announced it has significantly reduced the price of its high-quality, Australian-made boron nitride nanotubes (BNNT) following a series of production improvements that have dramatically lowered the cost of production for the multi-use super material. BNNT now starts from US$150/gram, compared to the approximately US$400/gram offered by competitors.
Equities rallied overnight as investors piled back into big tech, shrugging off an ongoing climb in Treasury yields as optimism of quarterly earnings expected this week.
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