BEIJING ENTERPRISES

3718
End-of-day quote. End-of-day quote  - 11/23
2.46HKD +2.50%

Beijing Enterprises Urban Resources Group Limited : Buying pressure

Jordan Dufee
Senior Analyst

Strategy published on : 11/19/2020 | 03:14

long trade
Live

Entry price : 2.23HKD
Target : 3.2HKD
Stop-loss : 1.76HKD
Potential : 43.5%

Shares in Beijing Enterprises Urban Resources Group Limited have recently benefitted from a regain of interest by market participants. The technical chart pattern suggests a continuation of the upward movement.
Investors have an opportunity to buy the stock and target the HKD 3.2.

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.

● 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.

● For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.

● 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 average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 1.28 HKD

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