Morepen Laboratories Limited
做多

Long morepen on minor pullbacks

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We can go buy morepen on minor pullbacks

Technical: the stock has surged more than 100% in 5 weeks. The price is back above 50-200 DMA. highest weekly volume since 2018. These are good signs

Fundamental:
This stock shows good sales and profit growth.

3 years of sales growth - 16.6%
3 years of profit growth - 18.9%
Margins are at 8%, there is more room for margin growth, their income has increased due to the minimization of debt(interest payments were eating up the profits). Debt is down by 90%(great sign). If the margins sustain or go higher we can see higher profits and further price appreciation

TTM earnings up 17%, there might be a negative earnings surprise in next quarter however if that doesn't happen, we can see higher prices

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