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SEHK 909 Mingyuan Cloud breakout?In JLL's latest report - "Reimagine the Future of Real Estate"; Nearly half of 80 real estate firms in China surveyed foresee proptech budget to be up by 30% in the next two years. JLL cites competitive advantage, enhancing human experience, streamlining operations, and health & safety as reasons. Additionally, China accounted for a third of all proptech funding from 2013 to 2018 and has remained the largest investment recipient for proptech startups in the last two years. China's large market size allows these proptech firms to achieve economies of scale. Mingyuan Cloud provides enterprise-grade ERP solutions and SaaS products to property developers and other industry participants along the real estate value chain in China. They are the No. 1 software solutions provider for property developers in China with a market share of 18.5% in terms of revenue in 2019. Mingyuan Cloud is also the No.1 provider of both ERP solutions and SaaS products, leading with a market share of 16.6% and 23.3% respectively. Mingyuan Cloud serves more than 5,000 real estate developers, including more than 90 real estate top 100 companies, Mingyuan Cloud's products help developers manage transaction volume of more than 6 trillion, accounting for more than 60% of the new house market transaction volume. Technically, it has again (like SEHK 6969) formed a triangular wedge pattern with double bullish pinbars over the last two days. Have already gotten in a position at $36.1. Will plan to take half my profits at $40 and let the rest run. Of course, there are downside risks to Mingyuan Cloud: 1) The SaaS business segment has not been generating positive operating income yet, if the company fails to grow this particular business segment, upside for a higher share price valuation is limited. 2) Business needs to continue to diversify more to outcompete competitors like Kingdee. 3) Inability to retain customers will lead to decrease in margins and profitability. The above are my views and are meant for educational and discussion purposes only. Please make your own investment/trading decisions!
9Long
by cletibals
1
3800 GCI-Poly Energy: Update analysis 30 Nov 2020Following my 3 previous GCI-Poly analysis, I have a the following update: Today's price shows an extremely extended and bullish candle (0.61 - 0.81), which is a 0.20 price move in a single day and not within same candle sizes as others around it. Historically, price candles with such bullish price candles of the same size or slightly longer (going back up to Aug 2011): 21 Dec 2017: price from 1.26 - 1.42 09 Jul 2015: price from 1.22 - 1.46 11 Nov 2014: price from 1.80 - 2.10 09 May 2014: price from 1.80 - 2.04 02 Feb 2012: price from 2.62 - 2.79 19 Jan 2012: price from 2.24 - 2.42 29 Nov 2011: price from 1.86 - 2.03 02 Nov 2011: price from 2.03 - 2.32 27 Oct 2011: price from 1.94 - 2.36 23 Aug 2011: price from 2.55 - 2.91 Interestingly, the top of the today's candle (30 Nov 2020) stops at price level 0.80. I also checked historical prices at this level and the resistance levels for today (30 Nov 2020 and the week preceding this candle) and I was able to dig up the following interesting data: (1.) Long-term daily resistance occurred @ price level 0.80 on the following dates: 16 Sep - 03 Oct 2008 01 Apr - 28 Apr 2009 27 Feb 2019 30 Nov 2020 (2.) Long-term daily support occurred @ price level 0.70 on the following dates: 16 Sep - 03 Oct 2008 26 Mar - 01 Apr 2009 (3.) Long-term daily resistance @ 0.80 becomes resistance support flip on the following dates: 02 - 30 Jun 2017 01 Aug 2017 30 May - 15 June 2018 My conclusion from the above are as follows: - As today's candle has hit a long-term daily resistance level of 0.80, I expect price retracement to/towards the long-term daily support level of 0.70 - It is also a sound assumption that investors might start taking some profits as we approach December holiday season given the excellent performance of the stock in the last 2-3 months. This will inevitably put pressure on the stock price. - I will be buying more with the expected and healthy price correction.
HKEX:3800Long
by aderoy
2
Return to long term bullish momentumPAX Global Tech (Ticker: 327) is a HK-based producer of cashless payment hardware similar to Ingenico, while being significantly more undervalued than the latter. long term target for the stock is 10-15 HKD. Since the huge breakout in Aug the stock followed the exact same pattern 3 times already: - 2-4 days breakout on higher volume - backtesting of breakout area - next leg up along long term trend line In the next few days, I expect PAX to consolidate at a price level of ~4.7 HKD - in a similar fashion; Once connected to the long term trend (blue line) I expect a huge leap upwards within 2-5 days and a following consolidation and backtest slightly above previous breakout levels. The short term target for the 1st week of Nov is in the area around the intraday high in Aug (5.4 HKD), and I'll give it a >50% chance that this will be even exceeded during the run up. So we're looking at a +15-20% gain within 2-3 weeks. Long term I am bullish on the stock anyway, so every level here is a clear buy. the company sports a PE of ~6 while earning double digit ROICs, having a healthy growth path in emerging markets and started paying increasing dividends and uying back their own shares.
HKEX:327Long
by Rosco66