Technical: Following the recent increase in the share price of , we se that the price has formed a bottom near 18, and since then is made a rally to 27. We see in the chart there is a cross near 25.
Fundamental: Since Last September, there have numerus news regarding future, more importantly that it is expected to post a net profit in the financial year end 2019 or 2020, with the last net lost is in 2018.
According to analysts, the price intrinsic value is around 50.
One thing I would like to bring into light with is its debt-to-equity ratio of 153.11%. Generally, the rule of thumb is debt shouldn’t exceed 40% of your equity, and has considerably exceeded this. A higher level of debt requires more stringent capital management which increases the risk in investing in the loss-making company.
I am buying now and target price is 45-55.
SL can be placed at 17.
All the best.
Trade is active and targeting 45-55.
So far good progress and good profit. Soon it will reach 45.