TECHNICAL ANALYSIS

The consolidation between the HK$71.70 to HK$83 range is likely to end as the stock is eyeing to stage a bullish breakout to cross above the immediate resistance of HK$83. In view of the stock pulling further away from all the EMAs along with 3 consecutive whites candles, further suggesting that its bullish momentum is picking up further. We expect the rising momentum is set to steer the stock higher and test the next level of resistance in the near term.

Fundamentals

Net profit is expected to grow at a CAGR of about 15% for the next 3 years with stable net margins ranging between 17%-19%.

Source: Rakuten Research - 14 Nov 2023

To sign up for an account: http://bit.ly/40BNqKI

[Youtube Tutorial] Account Opening & Enable Foreign Equity: http://bit.ly/3I5Jzxo