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ASX Top 200 Stocks Down Under 7 February 2022: Megaport (ASX:MP1)
Megaport: More attractive than AfterPay three years ago
In today’s edition of ASX Top 200 Stocks Down Under, we revisit Megaport (ASX:MP1). On 8 February 2021 we deemed Brisbane-based Megaport overpriced despite an impressive FY20 result. The provider of enterprise Cloud connectivity solutions continued to catch a bid in 2021, but has dropped sharply in recent weeks amid broad market turbulence. With the share back at the same level of a year ago and solid growth prospects ahead, we have turned decidedly bullish on Megaport as a beneficiary of the digital transformation.
Click here to read the previous edition of ASX Top 200 Stocks Down Under published 31 January 2022