Kerry Logistics Netw

0636
End-of-day quote Stock Exchange of Hong Kong - 02/19
12.36HKD
+0.16%

Kerry Logistics Network Limited : A support level that should be taken advantage of

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David Meurisse
Contributor / Partner

Strategy published on : 02/14/2020 | 10:20

long trade
Live

Entry price : 12.26HKD
Target : 14.3HKD
Stop-loss : 11.7HKD
Potential : 16.64%

Kerry Logistics Network Limited shares are closing back in on major support levels around 11.76 HKD based on daily price data, which could offer attractive entry points.
Investors have an opportunity to buy the stock and target the HKD 14.3.

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

● The share is getting closer to its long-term support in weekly data, at HKD 11.98, which offers good timing for buyers.

● Share prices are approaching a strong support area in daily data, which offers good timing for investors.

● Historically, the company has been releasing figures that are above expectations.

● The stock, which is currently worth 2019 to 0.61 times its sales, is clearly overvalued in comparison with peers.

● The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.

● Over the last seven days, analysts have been revising upwards their EPS estimates for the company.

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.


Weaknesses

● Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.

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