Techtronic Industries Co. Ltd. : Big comeback of buyers
Entry price | Target | Stop-loss | Potential |
---|
HK$95.8 |
HK$109.7 |
HK$86.5 |
+14.51% |
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Shares in Techtronic Industries Company Limited have recently benefitted from a regain of interest by market participants. The technical chart pattern suggests a continuation of the upward movement.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● The company has solid fundamentals for a short-term investment strategy.
Strengths● Growth is a substantial asset for the company, as anticipated by dedicated analysts. Within the next three years, growth is estimated to reach 47% by 2022.
● Considering the small differences between the analysts' various estimates, the group's business visibility is good.
● Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.
● Analysts covering this company mostly recommend stock overweighting or purchase.
● The tendency within the weekly time frame is positive above the technical support level at 67.3 HKD
Weaknesses● Stock prices approach a strong long-term resistance in weekly data at HKD 105.42.
● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
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