MERITZ FIRE & MARINE

A000060
End-of-day quote. End-of-day quote  - 01/25
15850KRW +4.28%

Meritz Fire & Marine Insurance Co., Ltd. : Good timing to anticipate a continuation of the trend

Nicolas Aleksy
Contributor / Partner

Strategy published on : 01/14/2021 | 04:27

long trade
Live

Entry price : 14450KRW
Target : 16450KRW
Stop-loss : 13450KRW
Potential : 13.84%

Shares in Meritz Fire & Marine Insurance Co., Ltd. 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 KRW 16450.

Strengths

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

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

● 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 last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before.

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

● The tendency within the weekly time frame is positive above the technical support level at 12750 KRW


Weaknesses

● The company does not generate enough profits, which is an alarming weak point.

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