The stock is pending a breakout from its 2-week bullish flag pattern as the consolidation within the pattern is likely at the tail end. If a breakout happens, the bullish momentum will propel the stock towards the HK$2.92 resistance, followed by the next resistance at HK$3.06.
Net profit is expected to grow at a CAGR of 5% for the next 3 years with stable net margins of more than 35%.
Source: Rakuten Research - 12 Dec 2023
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