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ASX Top 200 Stocks Down Under 15 March 2021: Fineos Corporation, United Malt Group, Restaurants Brands New Zealand
Fineos Corporation: Contract Wins are Piling up for This Software Upstart
In today’s edition of ASX Top 200 Stocks Down Under, headquartered in the tech hub of Dublin but listed on the ASX, Fineos Corporation is a web-based software developer for the insurance industry. It serves customers in the general, life, accident, and health insurance fields through offices located in Europe, North America, Australia, and New Zealand. The shares have advanced nearly 10% year-to-date but remain well off their record high set in August 2020. We favour the high margin, recurring nature of the company’s revenue streams and see further upside from here. Fineos has opportunities to expand into new markets, other insurance verticals, and upsell new products to its growing customer base.
Also in today’s edition, a look at beer brewer the United Malt Group (ASX: UMG) and restaurant conglomerate Restaurants Brands New Zealand (ASX: RBD).
Click here to read the previous edition of ASX Top 200 Stocks Down Under published 8 March 2021