TECHTRONIC INDUSTRIE

669
End-of-day quote. End-of-day quote  - 10/29
105HKD +2.24%

Techtronic Industries Company Limited : After the accumulation, an upward acceleration ?

David Meurisse
Contributor / Partner

Strategy published on : 10/14/2020 | 04:52

long trade
Live

Entry price : 107HKD
Target : 121HKD
Stop-loss : 99.7HKD
Potential : 13.08%

The price of Techtronic Industries Company Limited shares is range-bound. This phase will end sooner or later when volatility comes back.
Investors have an opportunity to buy the stock and target the HKD 121.

Summary

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

● The company has solid fundamentals for a short-term investment strategy.


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 47% by 2022.

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

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

● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.

● Analysts covering this company mostly recommend stock overweighting or purchase.

● The tendency within the weekly time frame is positive above the technical support level at 70.9 HKD


Weaknesses

● With a 2020 P/E ratio at 34.43 times the estimated earnings, the company operates at rather significant levels of earnings multiples.

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

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