Share price has been on the short term downtrend after hitting its peak of HKD31.55 in January. It has been trending below all its key moving average lines. Nevertheless mild rebound is seen recently with share price climbing above its MA 20 line. Coupled with the news of company share buy back and indicators showing uptick momentum, share price is expected for further rebound.
Net profit is expected to grow at a CAGR of 12% for the next 3 years with stable net margins of between 6.5%-7%.
Source: Rakuten Research - 6 Jun 2023
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Created by rakutentrade | Sep 27, 2023
Created by rakutentrade | Sep 26, 2023