TECHNICAL ANALYSIS

Share price has been consolidating with marginal downward bias in line with the weaker HK market performance. It is crucial to stay above the MA 200 line otherwise more downside to the share price can be expected. Nonetheless, MACD seems going to reverse soon with the RSI pointing upward currently.

Fundamentals

Net profit is expected to grow at a CAGR of 10% for the next 3 years with stable net margins of more than 32%.

Source: Rakuten Research - 22 May 2023

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