WH Group is likely to trend upward, supported by bullish sentiment, provided the price remains above the 20-day and 50-day EMAs the price stays above the 20-day and 50-day EMAs. A move past HKD6.40 could confirm the uptrend's persistence. Furthermore, the MACD's recent crossover above the signal line confirms the positive trajectory with the stock likely heading toward its next resistance in the near future.
Net profit is expected to grow at a CAGR of 5% for the next 3 years with net margins of more than 5%.
Source: Rakuten Research - 19 Nov 2024
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