China MeiDong Auto Holdings Limited : The technical configuration is positive
Entry price | Target | Stop-loss | Potential |
---|
HK$28.95 |
HK$40 |
HK$22.75 |
+38.17% |
---|
Shares in China MeiDong Auto Holdings Limited show a positive technical chart pattern over the medium term. The timing to jump back on the rising trend seems good.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
Strengths● According to sales estimates from analysts polled by Standard & Poor's, the company is among the best with regard to growth.
● The group usually releases upbeat results with huge surprise rates.
● Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
● Over the last twelve months, the sales forecast has been frequently revised upwards.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
● The stock is in a well-established, long-term rising trend above the technical support level at 13.8 HKD
Weaknesses● The company benefits from high valuations in earnings multiples.
● The company is not the most generous with respect to shareholders' compensation.
● The three month average target prices set by analysts do not offer high potential in comparison with the current prices.
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