NONGFU has entered into a consolidation phase after reaching its YTD peak of HKD46.70 at the end of Mar-23. Support level was found at HKD42.75. As its MA50 and MA200 lines are poised for a potential crossover in the near future, hence share price is expected to propel higher.
Net profit is expected to grow at a CAGR of 6% for the next 3 years with stable net margins of more than 26%.
Source: Rakuten Research - 11 Sep 2023
To sign up for an account: http://bit.ly/40BNqKI
[Youtube Tutorial] Account Opening & Enable Foreign Equity: http://bit.ly/3I5Jzxo