Hong Kong Exchanges and Clearing Limited : The technical configuration is positive
Entry price | Target | Stop-loss | Potential |
---|
HK$500 |
HK$567 |
HK$475 |
+13.4% |
---|
Hong Kong Exchanges and Clearing Limited shares show a positive technical situation which suggests a continuation of the upward dynamic over the medium term.
Strengths● The prospective high growth for the next fiscal years is among the main assets of the company
● The group's activity appears highly profitable thanks to its outperforming net margins.
● Thanks to a sound financial situation, the firm has significant leeway for investment.
● Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.
● Over the past year, analysts have regularly revised upwards their sales forecast for the company.
● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.
● The stock is in a well-established, long-term rising trend above the technical support level at 355.8 HKD
Weaknesses● Stock prices approach a strong long-term resistance in weekly data at HKD 567.
● The company's "enterprise value to sales" ratio is among the highest in the world.
● The company's valuation in terms of earnings multiples is rather high. Indeed, the firm is getting paid 57.06 times its estimated earnings per share for the ongoing year.
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