Buy Modern Dental HK$3.4 Target Over HK$ 7.5Good Day Fellow investors!
When looking for a company that is
1. Globally Diversified
2. Highly undervalued from a free cash flow perspective
3. Has decent growth potential (Over 10%)
choices are limited! However Modern Dental does meet all of these criteria..
1. Revenues are globally diversified with about 35% coming from Europe 25% USA and 40% Remainder of the world including a larger and larger share coming from mainland china.
2. Trading at about a P/E Ratio of 9. EV/EBITDA about 6. Free Cash Flow yield of about 15%.
3. Growth outlook is great. Chinese revenue grew at a rapid pace over the past couple of years but the outlook is even better.
I am loking at this from a long term perspective and believe we can easily trade at HK$ 7.5 over the next coouple of years (And likely even sooner)
Hong
HONG KONG UNDER RESISTANCE AND LOOKS BEARISHHello Traders,
Hong Kong is going through some troubling times right now. To summarize very briefly, Hong Kong has been its own entity for some time with its own legal systems, boarders and rights but due to legal agreements China wants to take back Hong Kong as part of China. This is a crude summary of events.
This is causing friction between Hong Kong and China and there have been violent protests for several months over the current situation. Hong Kong property market is also one of the most expensive in the world.
Due to the current climate of uncertainty and looking at the chart of the Hong Kong top 50, it looks very bearish to me.
Price has dropped out of a large descending triangle, that H+S dumping price to below the major support/resistance level. Price looks like its trying to break resistance but I think with whats going on right now it wont.
Quite simply if the price breaks resistance, holds resistance and moves up then that will make my bearish stance invalid.
But because I am bearish I am looking for weakness here. Repeated failures at resistance means the price will be going lower.
$BIDU: Trumps First Target to DeslistThe rally at the end of this Friday's close was systemic. It was the news that the U.S. president (after the markets were already in anticipation as he had tweeted there would be significant news). The press conference was not positive. The things that came out of it was both anticipated and expected, which is what the markets are operating on right now. They anticipated that the U.S. would begin to win back exceptions from Hong Kong as a semi-autonomous trading partner because of Chinas move to consolidate power under grounds of national security. There was also mention of delisting Chinese companies on the American stock exchanges, which would be huge for companies such as $BIDU.
Wynn Macau Ltd HK 1128 Casino Top Pick Testing RangeWynn Macau Ltd
HKG: 1128
Fundamentals:
Since 2018. Wynn Macau is one of the one casino in Macau to capture most of high-roller gambling activity, consistently leading Macau on the VIP drop. Galaxy and Wynn contributed to close to 45% to the VIP volume.
Why VIP Volume? Investors place heavier emphasis on main revenue driver, revenue numbers, which are mostly generated from VIP segment.
Macau long term growth
Wynn recent upgrade to BUY RATING at Jefferies is giving it a boost with PT 23.80 after Goldman Sachs upgrade the stock in early April
Technicals:
Just Friday, 12 Apr, 50 DMA rose above 200 DMA and 50 EMA crossed 100 EMA.
Golden cross shows no sign of reversing for now while a long flag formation is formed.
Resistance : 22.0
Support : 20.70
USD/HKD 1D Chart: Set for new heightsAll signs on the USD/HKD chart indicate that the pair is set to clearly continue the long term surge of 2017.
Although for the last half a year there was a retracement happening, the pair has touched the lower trend line of the 2017 up pattern and formed a junior channel up pattern, which has been guiding the currency exchange rate higher for the past months. In addition a short term pattern can be seen on the smaller time frames.
However, the currency exchange rate will still need to pass the upper trend line of the still active medium sized channel down pattern.
CAD/HKD 1H Chart: Channel UpCAD/HKD 1H Chart: Channel Up
The Canadian Dollar is trading against the Hong Kong Dollar in a two week long ascending channel that started to form after the currency rate left a preceding ascending channel.
This pattern is not usual, as it consists of many reaction highs and only one reaction low.
The reason behind such distinctiveness is attributed to a strength exercised by the 55- and 100-hour SMAs or a combination of them both.
To put differently, five day in a row these technical indicators do not let the pair to slip to the bottom.
This means the exchange rate is going to soar at least until the weekly R1 at 6.2592, which might force the pair make a rebound.
However, as long as the above SMAs are moving together, it is doubtful that the pair will manage to cross them.