Assets Growth:
- Total assets increased from RMB 160.6 million to RMB 779.6 million. This indicates a substantial growth, more than 4.8 times the original figure, suggesting expansion or acquisition of assets, possibly through internal growth or external funding.
Liabilities Growth:
- Total liabilities grew from RMB 19.4 million to RMB 58.8 million. While liabilities have increased, this is not necessarily negative, as the growth in assets far outweighs the growth in liabilities, suggesting that the company is not overly leveraged.
Shareholders’ Equity:
- The rise in shareholders’ equity points to a stronger financial position, indicating that the company has increased its net worth. This is often viewed positively by investors as it reflects a growing confidence in the company’s future profitability and financial health.
Investor Interest:
- The overall financial performance, marked by substantial growth in key financial metrics, suggests the company may be in a strong position, making it an attractive target for investors who are tracking the stock. The company’s ability to increase assets while keeping liabilities in check demonstrates efficient financial management.
HOLO Strong Rejection in $0.28 – $0.29 Zone
This morning HOLO announced a growth in assets and liabilities, which led to a spike up in the stock price during pre-market hours. However, I think the news is BS with the key word being “unaudited.” Companies get audited to make sure they are being truthful in their financial reporting. In this case there was no audit and I wouldn’t take this company at their word. The price reached as high as $0.31, but wicked back down to $0.25. There is resistance between $0.28 and $0.29, and HOLO formed a strong rejection at this resistance zone. I don’t think we see anything exciting until after the shareholder meeting and possibly after the reverse stock split goes live. I think that the pattern is HOLO forms a reverse split, insiders buy the dip and send the price up higher just to short it all the way back down again. Last time there was a massive rally from $1.50 to $98.50 so hopefully there’s another rally on the horizon.
Follow me on social media: https://linktr.ee/realchartchamp
