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CHINA OVERSEAS GRAND OCEANS GROUP LIMITED

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

06/10/2021 | 02:56am EDT
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.
China Overseas Grand Oceans Group Limited : China Overseas Grand Oceans Group Limited : A technical turn-around configuration
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.
  • 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.
  • Considering the small differences between the analysts' various estimates, the group's business visibility is good.

Weaknesses
Ratings chart
Subsector Other Real Estate Development & Operations
1st jan.Capitalization (M$)Investor Rating
CHINA OVERSEAS GRAND OCEANS..19.95%2 210
SUN HUNG KAI PROPERTIES LIM..19.40%44 763
LONGFOR GROUP HOLDINGS LIMI..-0.55%35 473
CHINA RESOURCES LAND LIMITE..14.22%33 211
CHINA OVERSEAS LAND & INVES..15.42%27 383
COUNTRY GARDEN HOLDINGS COM..-14.55%25 983
CK ASSET HOLDINGS LIMITED30.90%24 388
POLY DEVELOPMENTS AND HOLDI..-18.52%24 116
MITSUI FUDOSAN CO., LTD.26.31%23 936
HENDERSON LAND DEVELOPMENT ..25.62%23 827
MITSUBISHI ESTATE CO., LTD.16.26%23 447
More Results

ę MarketScreener.com 2021

Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials
Sales 2021 64 100 M 8 255 M 8 255 M
Net income 2021 6 067 M 781 M 781 M
Net Debt 2021 12 505 M 1 611 M 1 611 M
P/E ratio 2021 2,82x
Yield 2021 8,59%
Capitalization 17 083 M 2 200 M 2 200 M
EV / Sales 2021 0,46x
EV / Sales 2022 0,37x
Nbr of Employees 2 974
Free-Float 48,0%
Upcoming event on CHINA OVERSEAS GRAND OCEANS GROUP LIMITED
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 8
Average target price 7,09 HKD
Last Close Price 4,99 HKD
Spread / Highest target 88,4%
Spread / Average Target 42,1%
Spread / Lowest Target 24,2%
EPS Revisions
Managers and Directors
NameTitle
Lin Yang Chief Executive Officer & Director
Man Kwan Wang Chief Financial Officer & Executive Director
Yong Zhuang Chairman
Shui Ming Chung Independent Non-Executive Director
Kin Fung Lam Independent Non-Executive Director