LVJI Tech (1745.HK) is engaged in the business of providing online tour guide in China. As the stock market moves ahead of the economy by around 6 months, the share price of LVJI Tech should surge explosively soon with China’s opening up and the recent insider’s sizable open market purchase of the company shares.
1.
Perfect Timing from my Technical Analysis
From my technical analysis, the stock should hit its first resistance at around $1.10, which means an upside of 35.8% from the current price of $0.81.
2.
Supported by Chairman, Founder and Executive Director
The Chairman Zang Weizhong bought 2.246 m shares on 14 Dec 2022 at an average price of HKD0.8334 apiece, increasing his stake to 38.10%. The subsequent pullback and consolidation from his purchase price gave me the confidence that the stock is ready to go through the roof to hit my target price soon.
3.
Earnings Returing to Black in 1H2022
Earnings per share for 1H2022 was 2.12 HK cents amid zero-Covid policy, reversing the loss in FY2021.
I
have amassed quite an amount of the shares in anticipation of the coming BIG
surge before CNY.
Prescientsuper
http://superphang.blogspot.sg
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