CHINA OVERSEAS GRAND

81
End-of-day quote. End-of-day quote  - 06/18
4.89HKD -2.00%

China Overseas Grand Oceans Group Limited : A technical turn-around configuration

06/10/2021 | 02:56am
Tommy Douziech
Junior Analyst

Strategy published on : 06/10/2021 | 02:56

long trade
Live

Entry price : 4.98HKD
Target : 5.85HKD
Stop-loss : 4.64HKD
Potential : 17.47%

The recent downside mouvement appears to lose momentum which could allow China Overseas Grand Oceans Group Limited shares to regain a positive medium term outlook.
Investors have an opportunity to buy the stock and target the HKD 5.85.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● Its core activity has a significant growth potential and sales are expected to surge, according to Standard & Poor's' forecast. Indeed, those may increase by 72% by 2023.

● Its low valuation, with P/E ratio at 2.81 and 2.45 for the ongoing fiscal year and 2022 respectively, makes the stock pretty attractive with regard to earnings multiples.

● The company is one of the most undervalued, with an "enterprise value to sales" ratio at 0.46 for the 2021 fiscal year.

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● This company will be of major interest to investors in search of a high dividend stock.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.

● 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.

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● Considering the small differences between the analysts' various estimates, the group's business visibility is good.


Weaknesses

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