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GREE ELEC APPLICANGREE ELEC APPLICANGREE ELEC APPLICAN

GREE ELEC APPLICAN

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000651 trade ideas

GREE- BuyGREE stock price has tanked due to the impact from COVID over the last 3 years. It's a perfect time to build a position in your portfolio if you haven't already own this wonderful company. EPS forecast 2022 - 4.63 2023 - 5.08 2024 - 5.57 Dividend Payout in 2021 = RMB 3 per share. At RMB 30 price per share, that's a 10% dividend yield. Current valuations are at very attractive levels at around 8 times its earning. As china reopens from the ending the covid restrictions, I expect GREE to recover smoothly and continue its solid track record. When the bull market returns I expect the price of Gree to be at 10 to 12 times its earnings. Stock is currently consolidating at these price levels, I do not see it going lower than its current price due to such an attractive valuation.
SZSE:000651Long
by Joeyismoney
JICPT| Gree is testing M bottom, creating buy opportunity Frankly speaking, I love Gree which is still the best Air conditioner manufacturer in China. I started to trade it back in 2012 and still hold some shares as of today. The company has been up by more than 900% in the past ten years. It used to be must-have stock for value investors due to its outstanding financial performance. However, things started to change from 2018. The below is my personal view for reference: 1. single-product line business strategy: No doubt, Gree makes the best AC with competitive price. But 92% of its revenue comes from AC. However, the AC sale has highly correlated with real estate. I recall annual sale of ACs are capped at 23-25 million per year. Against the backdrop of structure reform, government wants to replace the model with new one(innovation) to achieve GDP growth, not through selling properties. I don't see numbers will jump in the coming years. 2. Diversified development strategy failed: Gree announced to make phones, cars, and invest billions into chip companies. But all ended in failure. I think it's better for the management to focus on the home appliances, e.g. floor cleaning robot, window cleaning robot. Some Chinese companies are doing those stuff very well. Their share price soared into sky! 3. Rising input costs: With the super loosing monetary policy from central banks around the world, commodities, such as copper, created new highs. We know, copper accounts for approximately 30% of the cost of producing an air conditioner. it started to become an major issue for AC manufacturers, including Gree. I think they have no choice but to increase the price to hedge the rising cost. But that might impact consumers' willingness to buy. So, I need to read the half-year financial report to do my own research. Back to the technical side, Price retreated to 61.8% fib level with M formation and Gap. The bad formation is the crossover of the MAs. So, price might go sideways for a while before buyers take control. I think the 47-50 would be the bottom by checking the PE band of last 10 years. Give me a like if you're with my idea.
SZSE:000651Long
by JICPT
Gree is strong amid weak market, buy the dip!(China market)Gree is world's largest residential air-conditioner manufacturer, headquartered in southern part of China. Personally, I've traded this stock since 2012( Familiarity bias ). Look at the the weekly chart, it never firmed closed below the long-term MA since 2016. On daily, it seems the consolidation was completed. I sold part of my position around 69 several weeks ago but bought back around 61 and 58. Now, I'm bullish. My targets are 66 and 69 respectively. Be careful to mange the position. China market is a bit weak recently, due to the US10Y yield surge and strong dollar. I remembered stock and bond markets of Turkey got hit a few years back when US monetary policy started to tighten and dollar index began to rally! It's a cycle which have been repeated a lot of times. This is no 'this time is different' moment. Be careful if you have positions in the emerging markets.
SZSE:000651Long
by JICPT
2
GREE is poised for more bullish momentum, ride the rising trendThe trend has formed with support and resistance rising in consistent pattern, the buy entry is based on an area of confluence since the I expect a strong bounce from the support line. The take profit level based on an area of resistance. These trades are part of a position trading strategy to reduce the overall average cost of holding by trading the mini trends. If you like this trade insight dont forget to hit the like button and subscribe for more analysis. Thanks!
SZSE:000651Long
by Joeyismoney