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AI Analysis of 0711.HK
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Asia Allied Infrastructure Holdings Ltd stock upgraded to Hold/Accumulate.
(Updated on Jun 17, 2024)

Hold candidate since Jun 17, 2024 PDF

The Asia Allied Infrastructure Holdings Ltd stock price gained 1.09% on the last trading day (Monday, 17th Jun 2024), rising from HK$0.460 to HK$0.465. During the last trading day the stock fluctuated 2.20% from a day low at HK$0.455 to a day high of HK$0.465. The price has been going up and down for this period, and there has been a -1.06% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately HK$1.04 million.

The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.34% during the next 3 months and, with a 90% probability hold a price between HK$0.427 and HK$0.457 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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0711.HK Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 03, 2024, and so far it has risen 3.33%. Further rise is indicated until a new top pivot has been found. Asia Allied Infrastructure Holdings Ltd has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Asia Allied Infrastructure Holdings Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$0.471. On a fall, the stock will find some support from the short-term average at HK$0.461. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Asia Allied Infrastructure Holdings Ltd stock

Asia Allied Infrastructure Holdings Ltd finds support from accumulated volume at HK$0.460 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved HK$0.0100 between high and low, or 2.20%. For the last week the stock has had daily average volatility of 1.55%.

Our recommended stop-loss: HK$0.444 (-4.47%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 46 days ago.)

Trading Expectations (0711.HK) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Asia Allied Infrastructure Holdings Limited to open at HK$0.462, and during the day (based on 14 day Average True Range), to move between HK$0.458 and HK$0.472, which gives a possible trading interval of +/-HK$0.0073 (+/-1.56%) up or down from last closing price. If Asia Allied Infrastructure Holdings Limited takes out the full calculated possible swing range there will be an estimated 3.13% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at HK$0.470 (1.08%) than the support at HK$0.460 (1.08%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Asia Allied Infrastructure Holdings Limited stock A Buy?

Asia Allied Infrastructure Holdings Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.709 Hold/Accumulate Upgraded

Predicted Opening Price for Asia Allied Infrastructure Holdings Limited of Tuesday, June 18, 2024

Fair opening price June 18, 2024 Current price
HK$0.462 ( 0.717%) HK$0.465

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 0711.HK

Fibonacci Support & Resistance Levels

Level Price
R3 0.472 1.43%
R2 0.468 0.612%
R1 0.465 0.105%
Price 0.465
S1 0.458 -1.54%
S2 0.455 -2.05%
S3 0.452 -2.87%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0.480 3.23%
R2 0.475 2.15%
R1 0.470 1.08%
Price 0.465
S1 0.460 -1.08%
S2 0.455 -2.15%
S3 0.450 -3.23%

0711 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 19, 2023 Dec 19, 2023 Jan 05, 2024 HK$0.0113 2.28%
2 Aug 25, 2023 Aug 25, 2023 Sep 11, 2023 HK$0.0105 1.98%
3 Dec 15, 2022 Dec 15, 2022 Dec 15, 2022 HK$0.0067 1.28%
4 Aug 30, 2022 Aug 30, 2022 Aug 30, 2022 HK$0.0110 1.86%
5 Dec 20, 2021 Dec 20, 2021 Dec 20, 2021 HK$0.0088 1.47%

FAQ

What is the symbol for Asia Allied Infrastructure Holdings Limited Stock and on which exchange is it traded?
The symbol for Asia Allied Infrastructure Holdings Limited is 0711.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell Asia Allied Infrastructure Holdings Limited Stock?
Asia Allied Infrastructure Holdings Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Asia Allied Infrastructure Holdings Limited Stock?
Asia Allied Infrastructure Holdings Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Asia Allied Infrastructure Holdings Limited Stock.

What's the current price of Asia Allied Infrastructure Holdings Limited Stock?
As of the end of day on the Jun 17, 2024, the price of an Asia Allied Infrastructure Holdings Limited (0711.HK) share was HK$0.465.

What is the 52-week high and low for Asia Allied Infrastructure Holdings Limited Stock?
The 52-week high for Asia Allied Infrastructure Holdings Limited Stock is HK$0.620 and the 52-week low is HK$0.445.

What is the market capitalization of Asia Allied Infrastructure Holdings Limited Stock?
As of the Jun 17, 2024, the market capitalization of Asia Allied Infrastructure Holdings Limited is 823.834M.

When is the next earnings date for Asia Allied Infrastructure Holdings Limited?
The upcoming earnings date for Asia Allied Infrastructure Holdings Limited is Aug 22, 2024.
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About Asia Allied Infrastructure Holdings Limited

Asia Allied Infrastructure Holdings Limited Asia Allied Infrastructure Holdings Limited, an investment holding company, engages in civil engineering, electrical and mechanical engineering, and foundation and building construction work businesses in Hong Kong, the United Arab Emirates, and internationally. The company operates through Construction Services; Property Development and Assets Leasing; Professional Services; Non-Franchised Bus Services; and Medical Technology and Healthcare segm... 0711.HK Profile

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