TECHNICAL ANALYSIS

CK HUTCHISON is poised for a potential breakout from its two-week bullish rectangular pattern, targeting to surpass the resistance at HKD41.60. In view of the positive cross of its 20-day EMA above the 50-day EMA in mid-July, this bullish crossover has enhanced the near-term positive momentum. Additionally, with the stock pulling further away from all the EMAs, we believe the stock has a decent chance to stage a breakout.

Fundamentals

Net profit is expected to grow at a CAGR of 7% for the next 3 years with net margins higher than 9%.

Source: Rakuten Research - 1 Aug 2024

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

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