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The Beach Energy Ltd (ASX: BPT) share price has been among the best performers on the ASX 200 on Tuesday.

In morning trade, the energy producer’s shares are up over 7% to $1.33.

Why is the Beach share price charging higher today?

There have been a few catalysts for the rise in the Beach share price on Tuesday.

This includes the announcement of an agreement with energy giant BP after the market close yesterday, another rise in oil prices overnight, and an investor update this morning.

In respect to the latter, the company’s update outlined its low risk strategy targeting production of 28 MMboe by FY 2024. This target excludes exploration upside and pre-final investment decision projects.

If Beach were to achieve this target, it would be a big increase on FY 2022’s guidance. This year the company is targeting production of 21 to 23MMboe.

How will Beach get there?

Beach’s Managing Director and CEO, Matt Kay, advised that material gas production growth is expected in the near-term through the recently completed Kupe Inlet Compression project, future connection of the Offshore Otway wells, and the delivery of the Waitsia Stage 2 Gas Project.

He commented: “Beach’s corporate strategy focuses on filling our gas plants and supplying gas into the tightening Australian East Coast, New Zealand gas and international LNG markets.”

“The successful delivery of first gas from the Kupe Inlet Compression project and the recently signed HOA with BP for all our marketed Waitsia Stage 2 LNG volumes represent the first runs on the board as we look to deliver our growth strategy.”

“The offshore Otway and Waitsia Stage 2 developments are expected to provide significant production uplifts over the next two years, with the first of the offshore Otway wells on track to be connected in early 2022 with the recent Geographe 4 and Geographe 5 results meeting pre-drill expectations,” Mr Kay said.

All in all, Beach’s base case scenario provides production of 28 MMboe in FY 2024, a 27% increase on the midpoint of FY 2022 guidance.

But it may not stop there. The CEO notes that these plans are expected to lead to strong free cash flow generation which may be reinvested.

“Material cash flows from our stable gas business will provide Beach with optionality, including re-investment into our high returning gas assets to maintain plateau production, maximising the value of our infrastructure and other capital management decisions,” he added.

The Beach share price is down 29% in 2021 despite today’s decline. Shareholders will no doubt be hoping that this update is an inflection point for the Beach share price.

The post Beach (ASX:BPT) share price surges 7% higher on growth plans appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Tuesday
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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In the S&P/ASX 200 Index (ASX: XJO) are a few ASX 200 dividend shares that are expected to pay high yields in FY22.

Businesses that have generous dividend payout ratios and reasonable valuations are likely to have attractive dividend yields.

Some businesses make an effort to reward shareholders with good cash payouts each year. COVID-19 has seen profit rise particularly strongly for some companies.

Here are two ASX 200 dividend shares to consider:

JB Hi-Fi Limited (ASX: JBH)

JB Hi-Fi is a leading retailer that sells electronics and home appliances such as TVs fridges, phones, computers and so on through its network of JB Hi-Fi and The Good Guys stores.

FY21 was a strong year for the company, with earnings per share (EPS) growth of 67.5% to 440.8 cents per share. The board was able to increase the total dividend for FY21 by 51.9% to $2.87.

Management believe there are a number of advantages that the company has.

The first is scale, it says it’s the number one player in Australia with an opportunity for further consolidation. It can spread its investments across a large base and drive efficiencies.

Next, the ASX 200 dividend share has a low cost operating model. It has a high level of sales per square metre, enabling the company to offer low prices.

Supplier partnerships with global brands is another area of strength.

Store locations is the fourth advantage, which provide good foot traffic and are easily accessible.

The final advantage is its multichannel capability, where it can sell both online and offline. Its store network provides fast online fulfilment through delivery from the store or click and collect.

It’s currently rated as a buy by the broker Credit Suisse, with a price target of $53.66. Credit Suisse thinks JB Hi-Fi is going to pay a grossed-up dividend yield of 6.5% in FY22.

Super Retail Group Ltd (ASX: SUL)

Super Retail is one of the country’s leading retailers. It owns Supercheap Auto, Rebel, BCF and Macpac.

There was a consumer boom during FY21 for numerous reasons, including several impacts from COVID-19 effects. This helped the ASX 200 dividend share generate 22% sales growth to $3.45 billion, with online sales rising 43% to $415.6 million.

Segment earnings before interest and tax (EBIT) surged 80% in FY21 to $476.8 million. Normalised net profit after tax (NPAT) jumped 107% to $306.8 million.

Management pointed to the ability of the company to meet the online customer demand and shift in behaviour as an important reason for its result.

Whilst FY22 sales were down 14% in the first seven weeks, total online sales had increased another 62%. It also noted that the global supply chain conditions remain challenging.

It’s working on a number of alternative store formats, including the next generation of Supercheap Auto stores, Rebel rCX stores and BCF small format regional stores. It’s also going to continue invest in its digital capabilities and improve its delivery efficiencies.

In FY21 the ASX 200 dividend share paid a full year dividend of $0.88 per share.

It’s currently rated as a buy by Credit Suisse, with a price target of $14.41. The broker expects Super Retail to pay a grossed-up dividend yield of 6.2% in FY22.

The post 2 high-yielding ASX 200 dividend shares appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Super Retail Group Limited. The Motley Fool Australia owns shares of and has recommended Super Retail Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Concerns of a meltdown bubbling in the property market continue to mount as prices push higher and debts rise. Today, ASX 200 bank shares will be in the spotlight after the government gives regulators the thumbs up for clamping down on home loans.

The move comes mere weeks after the governor of the Reserve Bank of Australia, Philip Lowe, reiterated that the central bank will not be raising interest rates in an attempt to regulate the housing market. Instead, Lowe urged regulators to step in and fulfil their responsibility.

Any further regulation could have impacts on the ASX 200’s banks. After all, around 60% of their lending is derived from housing.

What could weigh on ASX 200 bank shares?

Investors in Australian banks are waking up this morning to news of potentially tighter regulations surrounding home lending.

According to The Australian Financial Review, Treasurer Josh Frydenberg has given regulators the go-ahead for a crackdown on the booming market. Specifically, high debt-to-income home loans are in focus as all-time low interest rates spur on large borrowings.

The signal follows reports that more than one in five home buyers are borrowing more than six times their annual incomes.

Clearly, this is a risk in the eyes of regulators such as the Australian Prudential Regulation Authority. While not a concern currently, rising interest rates could exacerbate mortgage distress in the future.

As reported in The AFR, Frydenberg explained the housing dynamic in Australia, stating:

With Australia’s economy well positioned to strongly recover as restrictions ease, it is important to continually assess the appropriateness of our macro-prudential settings.

We must be mindful of the balance between credit and income growth to prevent the build-up of future risks in the financial system. Carefully targeted and timely adjustments are sometimes necessary. There are a range of tools available to APRA to deliver this outcome.

At this stage, no actions have been taken on lending restrictions imposed on ASX 200 banks. However, it is expected regulators will be collecting more lending data in the meantime to make a better-informed decision.

Any actions would likely be focused on the amount of high debt-to-income multiples, as opposed to other facets of lending. Interestingly, the amount of home loans with loan-to-value ratios of more than 90 has been trending downwards since 2008.

Sooner rather than later

The largest ASX 200 bank, Commonwealth Bank of Australia (ASX: CBA), has increased its serviceability criteria for its home loans. Loan applicants are now assessed on an interest rate of 5.25%, up from 5.1% previously. This is an action that CEO Matt Comyn believes other banks should also be adopting.

We think it would be important to take some modest steps sooner rather than later to take some of the heat out of the housing market.

In terms of regulatory options, the International Monetary Fund pointed out a couple in its biannual report. These included increasing interest serviceability buffers and implementing restrictions on debt-to-income and loan-to-value ratios.

The post ASX 200 bank shares in focus amid planned loan crackdown appeared first on The Motley Fool Australia.

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Motley Fool contributor Mitchell Lawler owns shares of Commonwealth Bank of Australia. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Sydney Airport Holdings Pty Ltd (ASX: SYD) share price has been on the move throughout this month. This comes despite Australia’s largest airport operator not releasing any market sensitive news over the last few weeks.

At Monday’s market close, Sydney Airport shares finished the day 0.12% higher to $8.28. While it edged slightly above yesterday, this brings the company’s shares to register a 4% gain in September.

What’s driving Sydney Airport shares higher this month?

Investors have been sending the Sydney Airport share price higher following a number of takeover offers and international travel resumption.

It all started back in July when Sydney Airport advised that a consortium of infrastructure investors proposed a $22.6 billion all-cash transaction to buy Australia’s largest airport.

The deal offered $8.25 per share, which represented a 42% premium on the company’s shares at the time.

However, the Sydney Airport board knocked back the proposal just two weeks after. It stated that the offer undervalues the company and is not in the best interest of shareholders.

A revised conditional and non-binding proposal soon followed a month later (16 August), sweetening the deal. The consortium of infrastructure investors tabled an improved $8.45 per share offer. Yet again, the board declined, noting that the current COVID-19 environment does not reflect Sydney Airport’s long-term value.

Then on 13 September, another offer arrived, upping the ante to $8.75 per share to acquire 100% of Sydney Airport shares. As such, the board appeared satisfied and allowed the consortium to conduct due diligence on a non-exclusive basis.

This means that the buyer will have access to Sydney Airport’s financial books to construct a binding proposal. Usually, due diligence takes around 4 weeks to complete, therefore leaving the finish date around mid-October.

International travel resumption

Another catalyst for Sydney Airport shares rising is the anticipated return of international travel.

Australia’s accelerated vaccination program is on track, with international borders opening up to selected countries in December. It appears investors are optimistic, preparing for a strong return on the travel sector.

In addition, the United States is set to lift travel restrictions for fully-vaccinated passengers from 33 countries in November. In hindsight, this means that the rest of the world is also opening up, with Norway and Denmark taking lead.

Sydney Airport could see passengers fill its terminals very shortly should there be no sudden new deadly variants like Delta.

Sydney Airport share price snapshot

Since the start of July, Sydney Airport shares accelerated on the back of several takeover offers received by the company. At current, its shares are hovering more than 40% above from 2 July (trading day prior to announcement).

Sydney Airport presides a market capitalisation of roughly $22.3 billion, with approximately 2.7 billion shares on hand.

The post September has been a good month so far for the Sydney Airport (ASX:SYD) share price appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The underperforming Collins Foods Ltd (ASX: CKF) share price could soon play catch up after a leading broker upgraded the stock to “buy”.

Shares in the KFC franchisee surged 4.8% to $12.17 in morning trade when the S&P/ASX 200 Index (Index:^AXJO) fell 0.5%.

But even with today’s gain, the Collins Foods share price is still only up a modest 13% over the past year.

In contrast, the Domino’s Pizza Enterprises Ltd. (ASX: DMP) share price nearly doubled and the ASX 200 rallied 24% over the period.

Broker upgrade gives Collins Foods share price a boost

But the analysts at Macquarie Group Ltd (ASX: MQG) is urging investors to put the Collins Foods share price back on the menu.

The broker upgraded its recommendation on the Collins Foods share price to “outperform” with a target price of $12.50 a share.

Industry feedback and data sourced from other parties suggest that KFC is winning market share in the quick service restaurant (QSR) space, noted Macquarie.

Playing chicken with pizza

“Growth of chicken category is now ahead of pizza, which has seen momentum slow in recent months,” said Macquarie.

“Online traffic winners include chicken retailers – KFC (+7%), Nando’s (+16%), Red Rooster (+21%) – GYG (+112%) and Taco Bell (+58%).

“Both Domino’s Pizza & McDonalds have since traffic decline over this period and have lost market share.”

Other reasons to be bullish on the Collins Foods share price

But there are three other reasons behind Macquarie’s upgrade of the Collins Foods share price.

It pointed to a recovery in the QSR market with total online traffic increasing 3.4% since the start of the calendar year. It’s still down 2% from pre-pandemic levels, but Macquarie reckons the worst is over and single-digit gains are likely to persist.

Further, the surge in popularity of food aggregators like Menulog, owned by Just Eat Takeaway.com NV – ADR (NASDAQ: GRUB), bode well for Collins Foods. Traffic for these aggregators have jumped by 56% since January this year.

“We note that Menulog now has ~2x the online traffic of Domino’s Pizza,” said Macquarie.

“CKF is well placed to benefit from this trend. Its digital offering is available across ~80% of its network via Deliveroo, Menulog, and DoorDash.”

Big app-etite

Fourthly, the KFC mobile app has been the second most downloaded app since the start of the pandemic. It’s averaging 120,000 downloads a month.

The KFC app is also the second-most actively used QSR app in Australia behind McDonald’s Corp (NYSE: MCD).

Macquarie noted that the KFC app has a penetration rate of around 14% – more than twice the industry average.

The post Why the Collins Foods (ASX:CKF) share price is surging higher today appeared first on The Motley Fool Australia.

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Motley Fool contributor Brendon Lau owns shares of Macquarie Group Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited. The Motley Fool Australia has recommended Collins Foods Limited and Dominos Pizza Enterprises Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Everyone is talking about Fortescue Metals Group Limited (ASX: FMG) shares right now. The Aussie iron ore miner has had a volatile year on the markets but now boasts a more than healthy dividend yield.

Income-minded investors might be wondering what the ASX resources share could bring in terms of passive income.

Can Fortescue shares deliver long-term passive income?

Shares in the Aussie iron ore giant have slumped 36.5% lower year to date to $15.75 per share. That steep share price decline, coupled with bumper iron prices throughout FY2021, have helped propel Fortescue’s dividend yield higher.

In fact, the iron ore miner’s shares are trading at a 22.7% yield right now. Perhaps even more surprisingly, Fortescue is trading at a price to earnings (P/E) ratio of just 3.45.

Investors can sometimes fall into the trap of chasing the hottest stock of the day and extrapolating its success to future earnings.

However, calculating passive income based on boom and bust resources shares can be a risky business. Fortescue shares look so attractive right now because of the recent doubling of its dividends compounded by the recent share price declines.

That means investors need to be looking at more than just chasing dividends for long-term stability. It’s a common misnomer that ASX dividend shares are more stable or better for delivering long-term passive income than selling shares.

However, while Fortescue shares might be paying a handy dividend in FY2021, there’s no guarantee this will continue into FY2022. Investors planning long-term passive income streams may not be so keen on volatility in resources shares like Fortescue.

But that’s not to say that resources shares don’t have a place in well-diversified portfolios. Many investors like the upside that a company like Fortescue can bring when the good times are rolling.

Foolish takeaway

Fortescue shares are trading at a monster dividend yield right now. However, it’s worth noting that’s due to the dual impacts of a falling share price amid concerns over China’s steel production caps coupled with strong recent iron ore pricing.

The post Can Fortescue (ASX:FMG) shares deliver long-term passive income? appeared first on The Motley Fool Australia.

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Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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With a new month upon us, now could be a good time to look at making some new additions to your portfolio.

If you’re interested in growth shares, then you may want to look at the two tech shares listed below. Here’s what you need to know about these highly rated shares:

Nitro Software Ltd (ASX: NTO)

The first ASX tech share to look at for October is Nitro Software. It is a software company that is aiming to drive digital transformation in organisations around the world via its Nitro Productivity Suite. This product provides integrated PDF productivity and electronic signature tools to customers. Thanks to the quality of its software and the global shift to remote and digital work, demand for Nitro’s offering has been growing very strongly. So much so, the company reported a 56% increase in its annualised recurring revenue (ARR) to US$33.8 million during the first half of FY 2021.

The team at Bell Potter expect this strong form to continue. Particularly given its increased sales staff and the commencement of charging for eSigning.

The broker currently has a buy rating and $4.00 price target on its shares.

Zip Co Ltd (ASX: Z1P)

Another ASX tech share to consider for October is Zip. It is of course one of the world’s leading buy now pay later (BNPL) providers with growing operations across several countries. It has also just made a big new investment in the Indian market. Zip’s US$50 million investment in ZestMoney is structured in a similar way to the one that ultimately led to the highly successful acquisition of QuadPay in the United States. And given that the Indian BNPL market is tipped to be worth US$300 billion+ by FY 2026, this could prove to be another astute move by management.

In addition, the company recently announced a range of new products. These include savings accounts, rewards, and even crypto trading and transacting. Combined with the rapid growth of BNPL globally, Zip’s long term growth outlook appears very positive.

One broker that is particularly positive on the company’s outlook is Morgans. It has an add rating and $8.87 price target on Zip’s shares.

The post 2 fantastic ASX tech shares to buy in October appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended ZIPCOLTD FPO. The Motley Fool Australia has recommended Nitro Software Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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It has been a very disappointing month for the BlueBet Holdings Ltd (ASX: BBT) share price.

Since this time last month, the sports betting company’s shares have shed 30% of their value.

However, it is worth noting that BlueBet’s shares are still up 72% since its IPO in July.

Why is the BlueBet share price sinking?

Investors have been selling down the BlueBet share price amid concerns over its expansion into the massive US markets.

At the end of August, the company revealed that it had missed out on one of the 10 licenses made available in the state of Arizona.

Just a few days later BlueBet advised that it has also missed out on one of the five licenses for the state of Virginia.

While Bluebet was not deemed ineligible for either state, its application simply wasn’t strong enough compared to other applicants. In respect to Virginia, the company was advised that licenses were granted to operators which had experience in other states and equity interests owned by minority individuals or minority-owned businesses.

The company has a number of other states that it is now targeting. However, it is unclear whether it will be a similar story with those applications and the uncertainty is weighing on the BlueBet share price.

Is this a buying opportunity?

The team at Morgans remains positive on the BlueBet share price despite its license disappointment.

A note from earlier this month reveals that the broker has retained its add rating but trimmed its price target to $2.57.

Based on the current BlueBet share price, this implies potential upside of 31% for its shares over the next 12 months.

However, its analysts suspect that BlueBet may need some positive license news to cause a re-rating of its shares. As a result, investors may need to be patient with this one.

The post The Bluebet (ASX:BBT) share price is down 30% in a month. What’s going on? appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended BlueBet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Anteotech Ltd (ASX: ADO) share price has been soaring over the last 30 days on the back of numerous announcements.

Over last month, the company has signed 3 distribution agreements and submitted its SARS-CoV-2 Antigen Rapid Diagnostic Test to the Therapeutic Goods Administration (TGA) for approval.

Additionally, one of Anteotech’s directors indirectly purchased shares in the company recently.

The Anteotech share price finished yesterday’s session trading for 27.5 cents, 3.77% higher than its previous close and 57% higher than it was this time last month.

Let’s take a closer look at what’s been driving the research and development-focused company’s share price on the ASX lately.

The month that’s been for Anteotech

The Anteotech share price has recently been bolstered by a series of good news.

The last 30 days started out quiet for Anteotech before it began releasing a slew of news from early September.

First up, the company announced it had signed a distribution agreement that would see its EuGeni Reader Platform and SARS-CoV-2 Antigen Rapid Diagnostic Test available in Turkey.

The EuGeni Reader Platform is a rapid point-of-care testing device and the company’s COVID-19 antigen rapid tests are the first test available for use with the platform.

Anteotech signed another distribution agreement for EuGeni last fortnight. Under the second agreement, the platform and rapid COVID-19 tests will be distributed in Cyprus and Greece.

It hasn’t all been positive though. Last Tuesday wasn’t a great day for the Anteotech share price. It fell 12% despite one of the company’s directors indirectly purchasing 250,000 shares in Anteotech for between 22.5 cents and 23.5 cents apiece.

A director buying into a company’s stock is often seen as proof they have confidence in its ability to grow. However, Glenda McLoughlin’s purchase was completed on either 16 September or 17 September and announced on 21 September. Between 16 September and the ASX’s close on 20 September the Anteotech share price gained 38%. That made McLoughlin’s purchase price miniscule.

Finally, Anteotech announced it had submitted EuGeni and its COVID-19 antigen rapid tests for TGA approval last week. If it gets approval, the system will be able to be sold and used in Australia.

It also signed a distribution agreement that will see the platform available in Romania.

Anteotech now has distribution agreements for EuGeni in place in 14 countries.  

Anteotech share price snapshot

It goes without saying the last 30 days have been good for the Anteotech share price.

The company’s stock has also gained 150% since the start of 2021. It is also 243% higher than it was this time last year.

The post The Anteotech (ASX:ADO) share price is up 57% in a month. Here’s why. appeared first on The Motley Fool Australia.

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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned.

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Whether you’re a shareholder or just watching on the sidelines, the Zip Co Ltd (ASX: Z1P) share price has likely been a frustrating experience for everyone.

Zip has steadily trended lower this year, consistently making lower highs and lower lowers since mid-February. It briefly hit a year-to-date low of $6.06 on 21 September, likely influenced by the broad-based selling taking place as a result of China’s Evergrande crisis.

Encouragingly, the Zip share price has managed to stay out of trouble lifting 13.3% to $7.23 in the last five trading sessions.

What’s driving the Zip share price?

BNPL sector holding up

On the big end of town, the Afterpay (ASX: APT) share price has managed to hold up after Square’s massive $39 billion takeover offer. Afterpay shares are not far off a 6-month high, closing at $129.53 on Monday.

On the more speculative side, stragglers such as Openpay Group Ltd (ASX: OPY), Splitit Ltd (ASX: SPT) and Laybuy Holdings Ltd (ASX: LBY) have finally stopped free-falling, bouncing off recent year-to-date lows.

Over on Wall Street, the Affirm Inc (NASDAQ: AFRM) share price has surged 89% since 27 August, after the company posted an upbeat fourth quarter earnings result and inked a deal with Amazon.

The more upbeat performance across the BNPL sector is likely good news for the Zip share price.

Zip enters India

Zip announced its entry into India via a strategic US$50 million investment in India-based BNPL provider, ZestMoney.

According to the release, ZestMoney is one of the largest BNPL platforms in India with 11 million registered users and over 10,000 online merchants.

Chief Executive of ZestMoney, Lizzie Chapman said that she strongly believes that India will emerge as the world’s largest BNPL market in the next five years.

Similarly, Zip said that India “has the potential to become one of the largest markets globally and by FY2026 is forecast to have US$300bn.”

The Zip share price rose 4.33% to $6.51 on the day of the announcement.

The post Why the Zip (ASX:Z1P) share price up 13% in the last week appeared first on The Motley Fool Australia.

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Motley Fool contributor Kerry Sun has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended AFTERPAY T FPO, Affirm Holdings, Inc., and ZIPCOLTD FPO. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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