Report Date and Broker Information

• Date: October 28, 2024
• Broker: CGS-CIMB, Singapore, Retail Research

Overview of Shanghai Electric Group Co Ltd.

Shanghai Electric Group Co Ltd., listed on the Hong Kong Stock Exchange under the ticker 2727, is identified as a technical buy opportunity with significant upside potential. The stock is highlighted for its favorable entry points, robust target levels, and recommended stop-loss thresholds.

Entry and Target Price Levels

• Entry Prices:
  • HKD 2.40
  • HKD 2.00
  • HKD 1.808
• Target Price Levels:
  • Target 1: HKD 2.68
  • Target 2: HKD 3.14
  • Target 3: HKD 3.40
  • Target 4: HKD 4.00

Stop-Loss Recommendation

• Stop Loss: HKD 1.54, offering a protective level to mitigate downside risk.

Technical Buy Rationale

CGS-CIMB’s analysis on Shanghai Electric Group underscores the stock’s promising buy potential due to favorable technical conditions and structured target prices. With strong support at lower price levels and ambitious target ranges, the stock is positioned as an attractive option for technical traders and investors.

Analyst Insight

This recommendation from CGS-CIMB highlights Shanghai Electric Group Co Ltd. as a well-positioned opportunity within the Hong Kong market, with clear entry points, protective stop-loss, and ambitious growth targets.