Section1: Company Overview

Manulife Financial Corporation (TSX: MFC) provides life insurance and wealth management products and services to individuals and group customers in Canada, the United States, and Asia. Manulife is one of Canada's Big Three Life Insurance companies (the other two are Sun Life and Great West Life). 

This Report covers the Investment Highlights, Key Financial Metrics, Risks, Technical Analysis along with the Valuation, Target Price, and Recommendation on the stock.

Section2:  Financial Highlights – Q1 2025

Section 3:  Stock Recommendation Summary

Valuation Methodology: Price to Book value Multiple Based Relative Valuation (Illustrative):

The stock has witnessed an upside of ~3.89% and a downside of ~1.79% over the 1 week and 3 months respectively. It is trading above the average of 52-week high price of CAD 46.42 and 52-week low price of CAD 32.87, providing an opportunity to ride the trend.

One-Year Technical Price Chart (as of June 26, 2025). Source: REFINITIV, Analysis: Kalkine Group

Section1: Company Overview

Corby Spirit and Wine Limited (TSX: CSW.A) is a Canadian manufacturer, marketer and importer of spirits and wines. The company derives its revenues from the sale of its owned brands in Canada and other international markets, as well as earning commissions from the representation of selected non-owned brands in the Canadian marketplace. The company also supplements these primary sources of revenue with other ancillary activities incidental to its core business, such as logistics fees.  

This Report covers the Investment Highlights, Key Financial Metrics, Risks, Technical Analysis along with the Valuation, Target Price, and Recommendation on the stock.

Section2:  Financial Highlights – 9M FY25

Section 3:  Stock Recommendation Summary

Valuation Methodology: EV to Sales Multiple Based Relative Valuation (Illustrative):

The stock has witnessed an upside of ~0.64% and a downside of ~3.11% over the 1 week and 3 months respectively. It is trading above the average of 52-week high price of CAD 15.70 and 52-week low price of CAD 12.12, providing an opportunity to ride the trend.

One-Year Technical Price Chart (as of June 26, 2025). Source: REFINITIV, Analysis: Kalkine Group

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels as on June 26, 2025. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Dividend Yield may vary as per the stock price movement. 

Note 5: Kalkine reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 25-30 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and the uptrend may take a pause due to profit booking or selling interest.

Stop-loss: In general, it is a level to protect further losses in case of any unfavourable movement in the stock prices.