Hangzhou First Applied Material Co., Ltd.'s shares display attractive technical aspects to anticipate a comeback of the underlying trend.
Summary
● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
Strengths
● The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at CNY 67.18 CNY in weekly data.
● The prospective high growth for the next fiscal years is among the main assets of the company
● The group's high margin levels account for strong profits.
● Historically, the company has been releasing figures that are above expectations.
● Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.
● Over the last twelve months, the sales forecast has been frequently revised upwards.
● Over the last seven days, analysts have been revising upwards their EPS estimates for the company.
● For several months, analysts have been revising their EPS estimates roughly upwards.
● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
● Analysts covering this company mostly recommend stock overweighting or purchase.
● The stock is in a well-established, long-term rising trend above the technical support level at 67.18 CNY
Weaknesses
● Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.
● With an expected P/E ratio at 42.04 and 33.02 respectively for both the current and next fiscal years, the company operates with high earnings multiples.
● The company is not the most generous with respect to shareholders' compensation.
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Hangzhou First Applied Material Co., Ltd., formerly Hangzhou First PV Material Co., Ltd., is a China-based company principally engaged in the research, development, manufacture and distribution of photovoltaic packaging materials. The Companyâs main products consist of ethylene/vinyl acetate (EVA) adhesive films, hot melt adhesive films, back panels, olefin films, solar power generation systems and hot melt films. The Company is also engaged in the photovoltaic power generation business, as well as providing textile materials and electronic materials. The Company distributes its products within domestic market and to overseas markets.