bullish

Lonking (3339 HK): Back to Attractive Zone

546 Views17 Apr 2023 08:00
Export has maintained solid momentum and domestic market will accelerate going forward. We expect upside on gross margin while there is potential to record big positive swing in investment income.
Boomeranged on Wed, 19 Jul 2023 09:47
We turned bullish on Lonking on 17 Apr, and since then, the stock has performed well. It has just issued a positive profit alert with 91-158% YoY increase in 1H23 earnings, affirming our view of earnings improvements. We stay positive on 2H23 outlook and this remains a cheap value play backed by huge cash balance.
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Osbert Tang, CFA
HK/China Equity Long-Short
Hong Kong & ChinaIndustrials & UtilitiesEquity Bottom-UpThematic (Sector/Industry)
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