EVERBRIGHT SECURITIE

601788
End-of-day quote. End-of-day quote  - 09/30
21.95CNY -1.83%

Everbright Securities Company Limited : The trend should regain control

Nicolas Aleksy
Contributor / Partner

Strategy published on : 09/16/2020 | 03:14

long trade
Live

Entry price : 21.86CNY
Target : 29.5CNY
Stop-loss : 19.8CNY
Potential : 34.95%

Shares in Everbright Securities Company Limited do not show any sign of a slowdown in the ascending dynamic. Investors could bet on a continuation of the underlying trend.
Investors have an opportunity to buy the stock and target the CNY 29.5.

Strengths

● The group's activity appears highly profitable thanks to its outperforming net margins.

● Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.

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

● For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock

● For the past twelve months, EPS forecast has been revised upwards.

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

● The stock is in a well-established, long-term rising trend above the technical support level at 17.79 CNY


Weaknesses

● The company's earnings releases usually do not meet expectations.

● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.

● The appreciation potential seems limited due to the average target prices set by the analysts covering the stock.

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