144020202331 Bull Market just started in HK exchange!!! Hong Kong market has officially entered the bull market with more than 25% spike in two months! A friend from Goldman shared with me this one HK.1440 to ride with the bull market, it has the momentum (up 130% in 6 month) and more importantly the fundamental:
1. It holds one of the biggest sneaker companies of China and the market cap is still well under 2 billion USD, yes, the HK stock is dirt cheap before the China government change their attitude to the stock market; 2. It is said that it will sign with Cristiano Ronaldo when CR7’s deal ends with Nike in the near future;
3. Revenue was up 3 digits in the last two years and it will go up more with the stimulus in consumer product by the Chinese government
Overall a safe stock but with huge upside potential, do your own research!
No wonder the stock price has been so strong recently, it seems the news is true, the company really is going to cooperate with Cristiano Ronaldo. Ronaldo is already 40 years old, it shouldn't be long before he retires. There were rumors before that after retiring, Ronaldo would focus on business and the development of his personal brand. The partner in the Asia-Pacific region should be 1440.