Super Group Ltd, an investment holding company, manufactures and distributes food and beverage products primarily in Singapore, Southeast Asia, and East Asia. The company operates in two segments, Branded Consumer and Food Ingredients.
Dividend distributed out has been increasing which is a good sign. For investors who have not entered into this counter, better news! Dividend yield is increasing! Dividend yield is about 7%! (Closed 1.145) But don’t be too happy just yet. Read on.
5-year trend: Uptrend. Uptrend line has begun showing cracks in recent 2 months.
1.5-year trend: Downtrend.
The current downtrend Super Group is experiencing seems to be quite strong, as shown by the 5-year trend being penetrated. Resistance at 1.16 (Downtrend resistance line) maintains.
Price levels to watch out for
1.25: Watch for strong …