Rakuten Trade Research Reports

Foreign Equities (HK) - POWER ASSETS HOLDINGS - Indicators.

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Publish date: Tue, 05 Nov 2024, 10:31 AM
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TECHNICAL ANALYSIS

Power Assets Holdings is showing a positive trend in the short and medium term as the price is above both the 20-day and 50-day EMAs. The MACD remains above the signal line suggesting a bullish momentum. Once the breakout occurs, the stock is likely to move higher and test the next resistance level

Fundamentals

Net profit is expected to grow at a CAGR of 5% for the next 3 years with strong income contribution from its JV and associate companies.

Source: Rakuten Research - 5 Nov 2024

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