LUK FOOK HOLD (00590.HK) +2.400 (+10.345%)
Short selling $3.55M; Ratio 2.746%
announced that the net profit of the company amounted to $805 million
for the six months ended September, against 16.6% decline same period
last year. EPS dropped 16.5% yearly to $1.37. The interim dividend
amounted to $0.55. The yield increased 1.8 ppts to 40.3%, compared with
the dividend of $0.63 same period last year.
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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