Shares in COSCO SHIPPING Holdings Co., Ltd. show a positive technical chart pattern over the medium term. The timing to jump back on the rising trend seems good. Investors have an opportunity to buy the stock and target the HKD 15.7.
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
The stock, which is currently worth 2021 to 0.89 times its sales, is clearly overvalued in comparison with peers.
Its low valuation, with P/E ratio at 12.16 and 11.9 for the ongoing fiscal year and 2022 respectively, makes the stock pretty attractive with regard to earnings multiples.
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 past twelve months, EPS forecast has been revised upwards.
For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
Analysts covering this company mostly recommend stock overweighting or purchase.
The stock is in a well-established, long-term rising trend above the technical support level at 4.51 HKD
Weaknesses
Stock prices approach a strong long-term resistance in weekly data at HKD 10.86.
The stock is close to a major daily resistance at HKD 11.18, which should be gotten rid of so as to gain new appreciation potential.
According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.
The company is not the most generous with respect to shareholders' compensation.
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