TECHNICAL ANALYSIS

Share price is on a mid-term uptrend despite a slight retracement after hitting the high of HKD127 in early of the year. It has been hovering in the range of HKD100 to HKD120 over the past two months. Indicators have turned bullish recently showing uptick momentum. We anticipate share price to go towards it previous high level.

Fundamentals

Net profit is expected to grow at a CAGR of 12% for the next 3 years with estimated net margins circa 7.3%-7.6%

Source: Rakuten Research - 15 May 2023

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