1.0 Exit Case: Quebecor Inc.

Overview:

Quebecor Inc. (TSX: QBR.B) primarily provides mobile and fixed-line telecom services in Quebec where it is the leading telecom provider. With more than 1.8 million internet subscribers Quebecor provides internet service to more than 60% of the homes its network passes.

QBR.B has been a part of the ‘Value Portfolio’ since 23 July 2024, however, considering the recent rally, trading above resistance levels in the stock, support & resistance levels, and ~14.04% upside from the entry price, an ‘Exit’ is recommended from the stock at the price of CAD 33.05, (as on 28^th February 2025).

Quebecor Inc. (TSX: QBR.B) is a part of Kalkine’s Value Portfolio and has breached its resistance level around which an exit case emerges.

1.1 Support and Resistance Summary as provided in our last published report dated 23 July 2024.

1.2 Quebecor Inc. (TSX: QBR.B)

2.0 New Entry Case: Richelieu Hardware Ltd. (TSX: RCH)

Overview:

Richelieu Hardware Ltd. (TSX: RCH) is a Canada-based company that imports, manufactures, and distributes specialty hardware and complementary products. Headquartered in Montreal, the company operates across Canada and the eastern and midwestern regions of the United States.

Technical Analysis: On the daily chart, RCH prices are trading above an ascending trendline, indicating positive momentum. The 14-period Relative Strength Index (RSI) stands at approximately 34.10, reflecting strong buying interest. Additionally, prices are positioned above the 21-period Simple Moving Average (SMA), which could serve as a support level. The key support for stock is at CAD 34.05, while the critical resistance level is at CAD 40.17.

Considering the above mentioned factors, technical analysis, support & resistance levels, key risks and outlook an ‘Entry’ is recommended in the ‘Value Portfolio’ at the current market price of CAD 36.65, as on (as on 28^th February 2025). 

Richelieu Hardware Ltd. (TSX: RCH) has been identified as the new entry to our Value Portfolio.

2.1 Support and Resistance Summary (as on 28^th February 2025)

2.2 Richelieu Hardware Ltd. (TSX: RCH)

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 (28^th February 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.