Cosco Shipping Energy (1138.HK)

Do you fancy to find a stock that has both solid FA and TA? I think I found one  in Cosco Shipping Energy (1138.HK) this morning.

I entered at an average price of $3.427 and it closed today, 23 Nov 2020, at $3.60, more than 5% gain within the same day. Intraday high was $3.62. Solid! 

1138 daily chart: Solid! 

Will it take a breather from here soon?  I don't think so. 

1138 can be a growth stock: good p/e (below 5x); expected about 10% dividend yield when company announces the Q4 earnings on 30 Mar 2020 for the leap in their earnings in FY2020; very good operating cash flow in the first half of 2020! As it is, the PEG is less than 0.5.

My target price? The immediate resistance will be about $3.82. I believe it can hit $8.00 in about half a year. Let’s see. 

Superphang
http://superphang.blogspot.sg

SINOTRANS (598) --- 78% within 3.5 months

I recommended SINOTRANS (598.HK) about 3 and a half months ago when the price was at $1.62. I bought it at $1.60. It was up 11.28% today, 17 Nov 2020, and closed at $2.86 and my paper gain is now 78.75%. Solid. Has it been too feverish and is it time for me to pocket the gain soon?  I think it has some room to move up. 

The cup as seen from the above weekly chart is huge and once it shoots above the resistance, it will have to move up efficiently again. I would not mind some consolidation along the way. $3.08 is the next hurdle but I think I will hold it tight for it to reach my further target of $3.80. 

Superphang
http://superphang.blogspot.sg