Growth: Positive

flt

FLT: Travel Giant - Transformation Takes Flight

Updated 8 Oct 2025

BUY rating with $17.07 fair value vs $12.38 current price. Strong Australian market position, successful operational transformation, 38% upside potential over 18-24 months.

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fbu

FBU: Building Materials Giant - Concrete Foundations, Golden Opportunities

Updated 8 Oct 2025

Fletcher Building trades at $2.84 vs fair value $5.56, offering 96% upside through construction cycle recovery and strategic portfolio optimization.

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eye

EYE: MIGS Pioneer - Breakeven or Bust in the Canal Zone

Updated 8 Oct 2025

Nova Eye Medical: BUY rating, A$0.48 fair value vs A$0.14 current price (243% upside). Pre-profit MIGS specialist targeting H1FY26 breakeven with 25% revenue growth.

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evo

EVO: Childcare Consolidator - Small Fish, Big Pond Opportunity

Updated 8 Oct 2025

Fair value $0.84 vs current $0.72. 22% EBITDA margins, 72% government funding, 13% revenue growth. Consolidation platform in fragmented market.

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eqt

EQT: Trustee Services Leader - Independence Pays, But Patience Required

Updated 8 Oct 2025

HOLD rating with $28.34 fair value vs $27.04 current price. Market leader in independent trustee services with 8.3% FCF yield, though regulatory overhang and fee compression limit upside.

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emr

EMR: Gold Mining Transformer - Digging Deep, Priced Sky High

Updated 8 Oct 2025

Quality gold producer with US$1,075/oz AISC trading at A$4.11 vs A$2.71 fair value. Strong operations, excessive valuation, 34% overvalued.

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eml

EML: Payment Processor - Transformation Time, Discount Divine

Updated 8 Oct 2025

Payment processor trading at 42% discount to peers. Fair value $1.60 vs current $1.07. EBITDA margins recovering from 16.5% toward 26% through transformation programme.

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egh

EGH: Seniors' Rental Leader - All-Age Ambitions Meet Execution Reality

Updated 8 Oct 2025

HOLD rating with $0.56 fair value vs $0.57 current price. Market leader in seniors' rental (18% share, 98% occupancy) executing risky all-age expansion. 35% execution failure probability creates binary outcomes.

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dow

DOW: Infrastructure Giant - Transformation Complete, Value Incomplete

Updated 8 Oct 2025

Infrastructure services leader trading at $6.89 vs $9.78 fair value following successful transformation. EBITDA margins at 10-year highs, 42% upside potential.

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cyc

CYC: Medical Device Specialist - Breathing New Life Into US Expansion

Updated 8 Oct 2025

Cyclopharm trades at $0.99 vs $1.18 fair value with 85% global market share in lung imaging, 29% revenue CAGR projected through US expansion

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cuv

CUV: Biotech Profit Pioneer - Vitiligo's Victory Could Be Transformational

Updated 8 Oct 2025

Profitable biotech rarity with 90% EPP monopoly and transformational vitiligo opportunity. Fair value $19.94 vs current $10.89 implies 83% upside. Quality score 7.9/10.

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cos

COS: Asset Management Transformer - Service Evolution or Execution Illusion?

Updated 8 Oct 2025

COSOL trades at $0.60 vs $0.96 fair value amid AMaaS transformation. 13.4% revenue growth forecast, 14.8% peak margins by FY28. Quality score 5.7/10, narrow moat, high execution risk.

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