Hang Seng Bank Limited : Close to a key resistance level
| Entry price | Target | Stop-loss | Potential |
|---|
|
HK$112.1 |
HK$120 |
HK$107 |
+7.05% |
|---|
Hang Seng Bank Limited shares are closing in on important technical levels. The technical chart pattern suggests that the currently tested resistance will be broken and new upside potential arises while volatility is likely to increase. Investors could get ahead of this signal in order to benefit from a better risk/reward ratio.
Summary● The company's MSCI ESG score, based on a ranking of the company relative to its industry, comes out particularly well.
● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
● The company is one of the best yield companies with high dividend expectations.
● Over the last twelve months, the sales forecast has been frequently revised upwards.
● As estimated by analysts, this group is among those businesses with the lowest growth prospects.
● The company's currently anticipated earnings per share (EPS) growth for the next few years is a notable weakness.
● The appreciation potential seems limited due to the average target prices set by the analysts covering the stock.
● Over the past twelve months, analysts' consensus has been significantly revised downwards.
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