SKSHU Paint Co.,Ltd. : Good timing to anticipate a continuation of the trend

09/08/2020 | 03:17am EST

Nicolas Aleksy

long trade Stop-loss triggered

Entry price : 144.05CNY | Target : 167.5CNY | Stop-loss : 134CNY | Potential : 16.28%

SKSHU Paint Co.,Ltd. shares show a positive technical situation which suggests a continuation of the upward dynamic over the medium term. Investors have an opportunity to buy the stock and target the CNY 167.5.

Summary

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

Strengths

• According to sales estimates from analysts polled by Standard & Poor's, the company is among the best with regard to growth.
• Sales forecast by analysts have been recently 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
• Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
• Within the weekly time frame the stock shows a bullish technical configuration above the support level at 87.62 CNY

Weaknesses

• Stock prices approach a strong long-term resistance in weekly data at CNY 165.59.
• With an enterprise value anticipated at 4.71 times the sales for the current fiscal year, the company turns out to be overvalued.
• With an expected P/E ratio at 63.76 and 42.05 respectively for both the current and next fiscal years, the company operates with high earnings multiples.
• The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.

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