Rakuten Trade Research Reports
Foreign Equities (HK): LENOVO GROUP LTD
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Publish date: Thu, 30 May 2024, 10:43 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
TECHNICAL ANALYSIS
LENOVO recently formed a double bottom pattern and surpassed the HKD10 neckline a few sessions ago, signaling a trend reversal. As the stock continues to pull away from all the EMAs, with the 20-day EMA pointing upwards, we expect a positive outlook in the near term. As such, we anticipate this rising momentum to steer the stock higher, testing the next level of resistance soon.
Fundamentals
Net profit is expected to grow at a CAGR of 30% for the next 3 years with net margins of around 3%.
Source: Rakuten Research - 30 May 2024
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