TCL Electronics Holdings Limited : The trend should regain control
Entry price | Target | Stop-loss | Potential |
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HK$3.75 |
HK$4.16 |
HK$3.58 |
+10.93% |
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TCL Electronics Holdings Limited shares show a positive technical situation which suggests a continuation of the upward dynamic over the medium term.
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 close medium term support offers good timing for purchasing the stock.
● Historically, the company has been releasing figures that are above expectations.
● Its low valuation, with P/E ratio at 4.74 and 7.17 for the ongoing fiscal year and 2020 respectively, makes the stock pretty attractive with regard to earnings multiples.
● This company will be of major interest to investors in search of a high dividend stock.
● For the past twelve months, EPS forecast has been revised upwards.
● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
● Analysts covering this company mostly recommend stock overweighting or purchase.
● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
Weaknesses● The company has insufficient levels of profitability.
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