1.1 Exit Case: Martinrea International Inc. 

Overview:

Martinrea International Inc. (TSX: MRE) is a Canadian producer of steel and aluminium parts and fluid management systems. Its products are used primarily in the automotive sector by the majority of vehicle manufacturers. Martinrea manufactures aluminum engine blocks, specialized products, suspensions, chassis modules and components, and fluid management systems for fuel, power steering and brake fluids. The company also provides metal forming and welding solutions. The largest end market for Martinrea's products is in North America.

MRE has been a part of the ‘Value Portfolio’ since 23 July 2024, however, considering the recent drop in share price, and ~43.14% downside from the entry price, an ‘Exit’ is recommended from the stock at the price of CAD 6.59, (as on 22 April 2025).  

Martinrea International Inc. (TSX: MRE)

2.0 New Entry Case: EQB Inc. (TSX: EQB)

Overview:  

EQB Inc. (TSX: EQB) is a leading digital financial services company with CAD 132 billion in combined assets under management and administration (as at January 31, 2025 ). It offers banking services through Equitable Bank, a wholly owned subsidiary and Canada's seventh largest bank by assets, and wealth management through ACM Advisors, a majority owned subsidiary specializing in alternative assets. 

Technical Analysis: On the daily chart, EQB prices are trading on the support levels. The 14-period Relative Strength Index (RSI) stands at approximately 41.11, reflecting a positive buying momentum. The key support for stock is at CAD 80.26, while the critical resistance level is at CAD 99.17.

Considering the above mentioned factors, technical analysis, support & resistance levels, key risks and outlook, an ‘Entry’ is recommended in the ‘Value Portfolio’ at the closing market price of CAD 90.74, as on (as on 22 April 2025). 

EQB Inc. (TSX: EQB) has been identified as the new entry to our Value Portfolio.

2.1 Support and Resistance Summary (as on 22 April 2025)

2.2 EQB Inc. (TSX: EQB)

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency as of (22 April 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.

Disclaimer

This information should not be relied upon as personal financial advice by Kalkine on (i) the stocks or (ii) the use or suitability of the model portfolios. Only an investor knows about their circumstances to make an investment decision.

Model Portfolio has been prepared for illustrative purpose only and does not take into account the objectives, financial situation or needs of any particular investor. Accordingly, investors should, before acting on the information, consider its appropriateness, having regard to their objectives, financial situation and needs. Past performance is not necessarily indicative of future performance results. Actual investment returns will vary, and the value of investments can go up or down.