STOCKWATCH: Accumulate China Overseas at HK$0.8 for mid-term

China Overseas Land (0688) has been rebounding steadily at HK$0.8 this week but turnover has been on the retreat. Bouncing power is therefore expected to be on the low side and there will be a chance of declining to proceed with bottom-constructing. Another plunge of great range is nevertheless not very likely and investors can pick up appropriate bargain at around HK$0.8 as mid-term investment.

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