2 unloved ASX Growth Stocks to snap up before next month's report.

July 31, 2023 01:49 PM AEST | By Team Kalkine Media

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2 unloved ASX Growth Stocks to snap up before next month's report. — Image source: Atstock Productions, Shutterstock

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If you're seeking potential opportunities in the ASX growth stocks, there are two unloved gems worth considering before next month's report. These stocks might be trading at a discount, presenting a potential opportunity for value investors. However, it's crucial to conduct thorough research and consider your risk tolerance before making any investment decisions. Here are the two ASX growth stocks to keep an eye on:

Inghams Group Ltd (ASX:ING)

Description: Inghams is a leading integrated poultry producer in Australia and New Zealand, providing a wide range of poultry products to consumers and foodservice markets.

Recent Performance: ASX ING' stock may have faced some challenges and underperformance recently, leading to a potentially attractive entry point for investors.

Potential Catalysts: Keep an eye on any upcoming announcements or changes within the poultry industry that could positively impact Inghams' business and stock performance.

Risk Factors: Be aware of factors such as fluctuations in poultry prices, market competition, and potential supply chain disruptions that could affect Inghams' financial performance.

City Chic Collective Ltd (ASX:CCX)

Description: City Chic is a leading global retailer of plus-size fashion, catering to women's clothing, footwear, and accessories needs.

Recent Performance: City Chic's stock might have faced some challenges or unfavorable sentiment, creating an opportunity for investors looking for potential growth.

Potential Catalysts: Monitor ASX CCX's expansion plans, new product launches, or strategies to reach a wider customer base, as these could drive positive stock movements.

Risk Factors: Consider factors like consumer spending trends, currency fluctuations, and competitive pressures that may impact City Chic's growth trajectory.

Remember that investing in unloved ASX growth stocks can offer significant potential upside, but it also comes with risks. Conduct your due diligence, analyze the companies' financial health, market positioning, and future growth prospects. Consulting with a financial advisor can also provide valuable insights tailored to your individual financial goals and risk appetite. Make informed decisions and invest with a long-term perspective to maximize your chances of success.

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