Ord Minnett Keeps Their Buy Rating on Alpha HPA Limited (A4N)

Ord Minnett has maintained a Buy rating on Alpha HPA Limited, with a price target of A$0.90. The broker notes the Basic Materials sector while Alpha HPA posted quarterly revenue of A$263.62 thousand and a GAAP net loss of A$22.54 million for the quarter ended December 31, down from revenue of A$71.07 thousand and a GAAP net loss of A$15.84 million a year earlier. The market consensus remains Strong Buy with a price target of A$1.16, reflecting upside potential despite recent losses, and insider activity shows nine insiders buying shares, signaling positive sentiment amid the stock’s restructuring.