Business
The ASX small cap with the biggest catalyst during the February reporting season
Investors looking for big upside ahead of the reporting season may want to look at this ASX small cap. That’s the view from Morgan Stanley.
The stock in question is the Idp Education Ltd (ASX: IEL) share price. The broker described it as having the “biggest potential catalyst”.
The thing that’s getting Morgan Stanley excited is IDP’s tie up with British Council for the International English Language Testing System (IELTS) tests.
Good results from this ASX small cap
“We expect any deal to unify IDP + British Council distribution of the IELTS test to be highly cost synergistic and have the potential to enhance pricing power,” said the broker.
“We calculated c. A$120m synergy potential back in May 2018. We expect any…
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