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Everyone is talking about Vaccine ..........Oh , come on ! Give the humans race a break !!!! We need to get out and live our lives like before... Work........Dine outside........Fun and Entertainment........Play sports........Pub Hanging........Watch a Movie.........Picnic..........the list goes on....... Now, the vaccine is getting closer to being launched and everyone can't wait to get themselves vaccinated with it. This is one promising Vaccine stock that I am eyeing. It has broken out of the bearish trend and is expected to go higher ......... Also notice that it has triple support at the blue dotted line at 141.6
HKEX:6185Long
by dchua1969
1
SEHK 909 Mingyuan Cloud breakout?In JLL's latest report - "Reimagine the Future of Real Estate"; Nearly half of 80 real estate firms in China surveyed foresee proptech budget to be up by 30% in the next two years. JLL cites competitive advantage, enhancing human experience, streamlining operations, and health & safety as reasons. Additionally, China accounted for a third of all proptech funding from 2013 to 2018 and has remained the largest investment recipient for proptech startups in the last two years. China's large market size allows these proptech firms to achieve economies of scale. Mingyuan Cloud provides enterprise-grade ERP solutions and SaaS products to property developers and other industry participants along the real estate value chain in China. They are the No. 1 software solutions provider for property developers in China with a market share of 18.5% in terms of revenue in 2019. Mingyuan Cloud is also the No.1 provider of both ERP solutions and SaaS products, leading with a market share of 16.6% and 23.3% respectively. Mingyuan Cloud serves more than 5,000 real estate developers, including more than 90 real estate top 100 companies, Mingyuan Cloud's products help developers manage transaction volume of more than 6 trillion, accounting for more than 60% of the new house market transaction volume. Technically, it has again (like SEHK 6969) formed a triangular wedge pattern with double bullish pinbars over the last two days. Have already gotten in a position at $36.1. Will plan to take half my profits at $40 and let the rest run. Of course, there are downside risks to Mingyuan Cloud: 1) The SaaS business segment has not been generating positive operating income yet, if the company fails to grow this particular business segment, upside for a higher share price valuation is limited. 2) Business needs to continue to diversify more to outcompete competitors like Kingdee. 3) Inability to retain customers will lead to decrease in margins and profitability. The above are my views and are meant for educational and discussion purposes only. Please make your own investment/trading decisions!
HKEX:909Long
by cletibals
1