Shares & Derivatives
HRNet – All time oversold levels amid lowest price since IPO! (29 Aug 19)
By Ernest Lim's investing blog  •  August 30, 2019

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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By Ernest Lim's investing blog
I am an avid investor, trader cum remisier. I am a Chartered Financial Analyst® charterholder, as well as, a Chartered Accountant of Singapore. I have published articles on a wide range of topics on finance and investment, ranging from market / sector outlook, technical analysis and fundamental analysis etc.
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