Geely Automobile may see further uptrend as it trades above the 20-day and 50-day EMAs. The growing distance between both EMAs suggests that shortterm momentum is accelerating, reinforcing the overall uptrend. We expect the rising momentum to steer the stock higher and test the next level of resistance in the near term.
Net profit is expected to grow at a CAGR of 5% for the next 3 years with net margins ranginng between 4.0%-5.5%.
Source: Rakuten Research - 7 Nov 2024
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Created by rakutentrade | Nov 05, 2024