June 17, 2019
Time Frame : Daily
Sector : Retailing/Consumer Cyclical
Key Stats : $125.11 Million Market Cap, VWAP 0.385, ASX Ranking 685, 4 Week Av Turnover $95,157.
Company Overview : Mediland Pharm Limited (MPH) operates retail outlets that service inbound Chinese visitors that come to Australia via organised tours arranged under the ADS scheme. The Company estimates that its three retail outlets had approximately 50,000 Chinese visitors in the 12 months to 30 June 2018, almost all of which come to Australia via organised tours.
Broker Consensus : Not covered by a major broker
MPH is building nicely as recent increase in volume and a pop higher suggests that buyers are on the move. We are now happy to buy on a push up through 0.415 and will hold the stop loss at 0.36. If price pushes lower through 0.36 prior to entry, we will cancel the alert and re-assess the action.
Stock Code : MPH – Mediland Pharm Limited
Company Website : www.medilandpharm.com.au
Current Price : 0.40
Status : On watch for buy entry trigger
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