GREE stock price has tanked due to the impact from COVID over the last 3 years. It's a perfect time to build a position in your portfolio if you haven't already own this wonderful company.
EPS forecast
2022 - 4.63
2023 - 5.08
2024 - 5.57
Dividend Payout in 2021 = RMB 3 per share. At RMB 30 price per share, that's a 10% dividend yield.
Current valuations are at very attractive levels at around 8 times its earning.
As china reopens from the ending the covid restrictions, I expect GREE to recover smoothly and continue its solid track record.
When the bull market returns I expect the price of Gree to be at 10 to 12 times its earnings.
Stock is currently consolidating at these price levels, I do not see it going lower than its current price due to such an attractive valuation.
EPS forecast
2022 - 4.63
2023 - 5.08
2024 - 5.57
Dividend Payout in 2021 = RMB 3 per share. At RMB 30 price per share, that's a 10% dividend yield.
Current valuations are at very attractive levels at around 8 times its earning.
As china reopens from the ending the covid restrictions, I expect GREE to recover smoothly and continue its solid track record.
When the bull market returns I expect the price of Gree to be at 10 to 12 times its earnings.
Stock is currently consolidating at these price levels, I do not see it going lower than its current price due to such an attractive valuation.