The S&P/ASX 200 Index (ASX: XJO) is on course to end its winning streak on Thursday with a sizeable decline. In afternoon trade, the benchmark index is down 1.25% to 7,583.6 points.
Four ASX shares that are not letting that hold them back today are listed below. Here's why they are rising:
Credit Corp Group Limited (ASX: CCP)
The Credit Corp share price is up 7% to $18.42. This may have been driven by a broker note out of Morgans this morning. While Credit Corp's half year results missed expectations, the broker remains very positive on the future. As a result, it has retained its add rating and lifted its price target on the debt collector's shares to $20.60.
Playside Studios Ltd (ASX: PLY)
The Playside Studios share price is up a further 4% to 75.5 cents. Investors have been buying this game developer's shares this week after it delivered a record quarterly result. Playside posted record quarterly revenue of $20.7 million and positive unaudited EBITDA of $8 million. The latter was close to double what was recorded in the previous quarter.
QBE Insurance Group Ltd (ASX: QBE)
The QBE share price is up 1% to $16.00. This morning, Goldman Sachs reiterated its buy rating and $18.52 price target on the insurance giant's shares. This was in response to the release of a strong update from one of its global peers.
Skycity Entertainment Group Ltd (ASX: SKC)
The Skycity share price is up 3.5% to $1.83. Investors have been buying this casino and resorts operator's shares after it released an update on its AUSTRAC proceedings. That update reveals that the two parties have come to an agreement. This will see Skycity hit with a civil penalty and legal costs totalling an estimated A$73 million.
