London, July 7, 2026, 00:02 BST
- ASA International traded at 284p after Monday’s close in London, gaining 5.19%. The stock hit an intraday high of 296.88p.
- The stock finished roughly 2% under KBW’s 290p target. Shares remain 25%-30% under the Investec and Cavendish targets that the company lists.
- Consensus collected by the company puts reported net profit at $56.5 million in 2025, rising to $70.2 million for 2026.
The London cash markets hadn’t opened yet at the dateline. Regular trading on the London Stock Exchange runs 8:00 to 16:30, so this update uses the latest delayed and closing numbers from Monday.
ASA International Group PLC (LON:ASAI) climbed 5.2% to 284p on Monday with the FTSE All-Share down 0.24% on Hargreaves Lansdown’s delayed quote page. Shares peaked at 296.88p, hitting a fresh 52-week high. Around 144,900 shares changed hands.
One thing less noticed by investors is the rally ran through much of the lower end of broker targets. On Monday, the stock topped KBW’s 290p price target before closing at 284p. The price still sits well under the next two broker targets, so now the valuation gap hangs more on meeting 2026 profit estimates than a snap back to consensus.
Broker targets and profit forecasts for ASA are on the group’s consensus page. The implied changes are based on a 284p share price, according to the company’s investor site.
| Broker view listed by ASA | Analyst(s) | Target | Rating | Implied move from 284p |
|---|---|---|---|---|
| Cavendish | Rahim Karim; Jens Ehrenberg | 370p | n/a | +30.3% |
| Investec Bank plc | Nidhesh Jain | 356p | Buy | +25.4% |
| Keefe, Bruyette & Woods Ltd. | Hugo Cruz; Ben Maher | 290p | Outperform | +2.1% |
| Unweighted target average | — | 339p | — | +19.2% |
| Metric, reported USDm | FY2025 actual | FY2026 consensus | FY2027 consensus | 2026 vs 2025 | 2027 vs 2026 |
|---|---|---|---|---|---|
| PBT | 103.9 | 123.4 | 137.9 | up 18.8% | up 11.8% |
| Net profit | 56.5 | 70.2 | 80.7 | up 24.2% | up 15.0% |
ASA said the forecasts are from analysts and don’t count as management guidance. With shares up 151% from the 52-week low at 113p, most of the bear story is now execution risk, not a lack of sell-side coverage.
The numbers that support the higher targets mostly come from ongoing markets. Taking out India, client count rose 12% year on year to 2.688 million as of March, and gross outstanding loans jumped 34% to $576.0 million. Total group gross OLP, with India included, reached $583.2 million, up 25% year on year but 5% lower than December.
Chief Executive Rob Keijsers said in the April update that first quarter results showed “underlying strength and discipline,” with “particularly strong momentum in Pakistan and East Africa.” The update said the number of clients in India dropped 75% year on year to 38,000 as the group wound down operations there.
Credit quality moved. Group PAR>30 hit 2.0% at March-end, rising from 1.8% in December but still under the 2.2% from last year. Rwanda and Zambia stood apart with 11.6% and 9.2% each. Pakistan stayed low at 0.5%.
The index story matters for liquidity screens. ASA said it joined the FTSE All-Share when trading opened June 22, following FTSE Russell’s June review. The company said the index covers 98% of the UK’s investable market cap.
ASA International’s investor centre posted a regulatory filing on June 19 for a correction to an options grant. The next expected event for the company is the Q2 2026 business update, coming up July 30 at 7 a.m. UK time.
