Dear all
Another exciting week! This week, HRNet caught my attention as it approaches all time oversold RSI level. In addition, it is trading at the lowest price $0.560 since its IPO price at $0.900.
Given the basis below, my personal view is that HRNet may be presenting a favourable risk reward setup for a long trade. Do look at the basis and more importantly, the risks inherent in such trades.
My personal basis
a) Average target price $0.93!
Based on Figure 1 below, average analyst target is around $0.930, representing a potential capital upside 66%. Estimated div yield is around 5.1%. Total potential return (should consensus be correct) is around 71%. There are three buy and one hold calls. Although DBS has a hold call on HRNet, it is noteworthy at the time of their report, HRNet is trading around $0.660. HRNet has since fallen another 15% or
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