Rakuten Trade Research Reports

Foreign Equities (HK): NONGFU SPRING CO LTD-H - Indicators.

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Publish date: Mon, 11 Sep 2023, 10:42 AM
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TECHNICAL ANALYSIS

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.

Fundamentals

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

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