CHINA RESOURCES CEME

1313
End-of-day quote. End-of-day quote  - 09/24
10.88HKD -1.98%

China Resources Cement Holdings Limited : The technical configuration is positive

Jordan Dufee
Analyst

Strategy published on : 09/15/2020 | 02:54

long trade
Live

Entry price : 11.82HKD
Target : 13HKD
Stop-loss : 10.5HKD
Potential : 9.98%

Shares in China Resources Cement Holdings Limited show a positive technical chart pattern over the medium term, which suggests that the rising trend should be followed.
Investors have an opportunity to buy the stock and target the HKD 13.

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

● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.

● Thanks to a sound financial situation, the firm has significant leeway for investment.

● Predictions on business development from analysts polled by Standard & Poor's are tight. This results from either a good visibility into core activities or accurate earnings releases.

● Its low valuation, with P/E ratio at 8.8 and 8.81 for the ongoing fiscal year and 2021 respectively, makes the stock pretty attractive with regard to earnings multiples.

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

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

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

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 9.86 HKD


Weaknesses

● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.

● Technically, the stock approaches a strong medium-term resistance at HKD 12.42.

© MarketScreener.com 2020
Copier lien
All news about CHINA RESOURCES CEMENT HOLDINGS LIMITED
09/10
08/04
07/02
04/21
12/09