CSPC - growth potential.Hi everyone.
This is my first idea in English, I decided that it would be more convenient and would reach a large audience.
Briefly for the English-speaking audience: I publish mid-term ideas with an average term of 2-3 months. Over the past month, 3 out of 8 ideas were successfully implemented, all overtook benchmarks with a profit of more than 10%, the rest of the ideas are in the process of implementation.
Today I want to tell you about CSPC:
What's interesting here?
- Shares of CSPC Pharmaceutical are significantly undervalued from a fundamental point of view, despite the stable growth, a wide portfolio of assets and insignificant debt - they are very undervalued
- The fall in stocks this year is explained both by the overall decline in Chinese stocks and the sector as a whole. At the same time, over the past month, a significant part of the sector's shares have already managed to recoup the part of the fall, while CSPC has not. Perhaps because before that the company performed better than the index.
- A good technical picture on the weekly and daily TF, a lot of signals for growth.
A potential exit zone for mid-term deal can be the zone 7.10-7.40$.
P.S. I trade on the Etoro platform, where you can find me by the same nickname and see open trades or subscribe here.
