TECHNICAL ANALYSIS

Share price rebounded after it touched the MA 50 line, which serves as the support level. It is now trading above all its key moving average lines, indicating its uptrend is still intact. Coupled with indicators showing uptick momentum, share price is expected to propel higher.

Fundamentals

Net profit is expected to grow at a CAGR of 29% for the next 3 years with stable net margins of more than 18%.

Source: Rakuten Research - 3 Jul 2023

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