WH Group is showing a strong recovery, after it broke out from its 4-week rectangular pattern a few sesions ago. The stock is showing strong bullish signals, with a potential convergence of the 20-day and 50-day EMAs accompanied by positive MACD crossover. WH is testing the HKD6.50 resistance level, and a breakout above this point would confirm the continuation of its uptrend.
Net profit is expected to grow at a CAGR of 5.2% for the next 3 years with strong net margins circa 5.5%.
Source: Rakuten Research - 23 Jan 2025
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