Updates & Ideas

ASA International - Could be 2026 recovery stock of the year

October 2025

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Markets have a way of looking past the obvious. In the current malaise for small-cap stocks, some of the best turnarounds are ignored until the upside is too large to miss. One such story is ASA International, a microfinance lender that has quietly transformed its fortunes while the market barely noticed. On next year’s earnings forecasts, the stock trades at a startlingly low multiple of just under five times - a valuation more often reserved for companies in terminal decline, not those posting double-digit growth in their loan book. ASA’s model is straightforward but powerful. It raises money from local and development banks at an average interest rate of 11.4 %, supplements this with customer deposits through a growing savings ...

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ASA International - Second forecast upgrade in three months (January 2026)

ASA International (December 2025)

ASA International - Spectacular double digit EPS upgrades (November 2025)

ASA International - Microfinance provider enjoys double eps upgrade but PE still just 4.1! (June 2025)

ASA International - International micro finance business on lowly soon-to-be prospective PE of 4.1 (November 2024)

ASA International (November 2019)

ASA International (July 2019)

ASA nternational - Net profit jumps 30% excluding currency headwinds (June 2019)

ASA International (January 2019)

ASA International - Exciting new issue in microfinance market (December 2018)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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