TECHNICAL ANALYSIS

Share price is on a mid term downtrend as a result from its inconsistent earnings growth and lower than industry's average ROE. However, current share price has reached its 52 week low and is now in an oversold position. Hence, we believe it is now a good opportunity for bottom fishing as fundmentally, business it still intact and delivering earnings.

Fundamentals

Net profit is expected to grow at a CAGR of 20% for the next 3 years with stable net margins of more than 12%.

Source: Rakuten Research - 10 Jul 2023

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