STOCKWATCH: Tingyi (Cayman Islands) Holding still to rise

Tingyi (Cayman Islands) Holding (0322) recorded a new high today, turnover increasing slightly. Despite a great up-range accumulated recently, the confidence of investors remains high as the mild turnover reflects no abnormity. Profit-taking pressure is meagre at present. It is expected to come up to test a new high Recommend to hold or made absorption at low. Short-term target price is set at HK$1.6.

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