CK HUTCHISON is poised for a potential breakout from its two-week bullish rectangular pattern, targeting to surpass the resistance at HKD41.60. In view of the positive cross of its 20-day EMA above the 50-day EMA in mid-July, this bullish crossover has enhanced the near-term positive momentum. Additionally, with the stock pulling further away from all the EMAs, we believe the stock has a decent chance to stage a breakout.
Net profit is expected to grow at a CAGR of 7% for the next 3 years with net margins higher than 9%.
Source: Rakuten Research - 1 Aug 2024
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Created by rakutentrade | Sep 05, 2024