Rakuten Trade Research Reports

Foreign Equities (HK): CHOW TAI FOOK JEWELLERY GROUP - BUY with 23.8% potential upside coupled with positive technical indicators.

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Publish date: Mon, 31 Jul 2023, 08:35 AM
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TECHNICAL ANALYSIS

Share price found its support at HKD12.50 and rebounded. It is still trading below all its key moving average lines. Nonetheless indicators have turned bullish and showing uptick momentum thus share price is expected to trend higher.

Fundamentals

Net profit is expected to grow at a CAGR of 16% for the next 3 years with stable net margins of between 6.6%-7.2%.

Source: Rakuten Research - 31 Jul 2023

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