As of August, Q Technology (01478.HK) gross profit margin rose from 14.9% in the year-ago period to 16.8%. The Chairman He Ningning said at the press conference that the gross profit margin was higher than its peers mainly due to the high automation, effective and transparent internal operation, lowering the inventory turnover days. Meanwhile, it adopted direct procurement and sales business model, and had high proportion of products with high gross profit. In the future, the company will continue launching highly efficient and innovative products, such as the 20-megapixel cameras, in a bid to maintain or increase the gross profit margin level.
Shanghai Pechem (00338.HK) Trading Sell Last price: HK$2.43 Resistance: HK$2.60 Support: HK$2.27/2.13 Shanghai Pechem closed lower at HK$2.43 in a long dark candle yesterday, short of the 0.38x retracement level at HK$2.41. Given that the Slow Stochastics has breached the previous low and the MACD is under the centreline, the stock is likely to test the 0.5x retracement level at HK$2.27. If the stock breaches this support, it will then test the 0.62x retracement level of HK$2.13. Expected Timeframe: 2 weeks to 2 months Wisdom Group (01661.HK) Trading Sell Last price: HK$5.47 Resistance: HK$5.65 Support: HK$5.22/4.96 Wisdom Group gapped down to re-enter the moving average envelope yesterday on strong volume. With reference to the downside bias of both the Williams’ %R Indicator and the ROC, we expect the stock to test the moving average of the envelope at HK$5.22. If the stock crosses below the moving average of the ...
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