Business
The ASX small cap with the best global expansion potential may not be tech
The outrageous success of the Afterpay Ltd (ASX: APT) has investors scrambling to find the next emerging ASX stock with global potential.
It turns out that the ASX small cap that holds the key may not be a sexy tech or fintech related start-up.
Morgan Stanley looked through its small cap universe of stocks and picked the City Chic Collective Ltd (ASX: CCX) share price as its preferred global expansion story.
The best ASX small cap global expansion opportunity
City Chic is a leading women’s plus-size apparel retailer in Australia but the broker reckons the global revenue opportunity stands at around US$60 billion.
If that is the case, the CCX share price has a lot more room to grow after its recent acquisition of UK retailer Evans…
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