Bursa Chat

Technical | Fundamental Analysis Discussion Stocks Listed In Bursa

Monday, July 22, 2019

Redtone:
Manange to support at 0.36 and recovered after past few days of correction.

Next barrier is at 0.415 which is the double top resistance prior to correction.
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Sunday, July 21, 2019

Insas: Always the same old story ... undervalued.

As at March 2019 its net asset per share stood at rm2.59.

It is worth noting two thirds of its assets are cash and share investment mainly in listed companies.

However would like to emphasize that too much valuations are valued on its holding in Inari and HoHup ... such a huge block r not easy to liquidate at market value.

A stock trades below its book value could be due to inefficient cash pile and lack of awareness.

Technically price move above the trendline boundary of the downsloping pennant and trading above MAs.

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Friday, July 19, 2019

GPacket: Will it be a 'always' uptrend type of stock?
1QFY2019 ... RM97.94 mil (Revenue); RM13.88 million net profit.
FY2018 ... RM399 mil(Revenue); - RM66.45 million net profit.
FY2017 ... RM357 mil(Revenue); - RM21 million net profit.
Its founder CC Puan had returned as group MD and CEO.
Its former CEO Tan said GPacket digital services r showing results and monetizing them will be next step.
Gpacket has sub stakes in G3.
Technically strong support is at 0.45.
The RSI and Stochastic osc is near overbought zone.
But looking at Gadang, G3 and KNM runup ....some stocks can be overbought for quite sometime....

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Thursday, July 18, 2019

POS: Outlook - Improving or getting worst?
While the postage hike may help to boost its earnings, the declining snail mail volume r still a concern.

Nothing much could reverse the gradual decline in snail mail due to the email.

Even its courier biz has been hit with intense competition n thus pricing pressure.

Continued expansion efforts also led to stagnating margins  despite revenue growth.

Technically support is at 1.70 (38.2% FR) and 1.61 (50% FR).
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Disclaimer: None of the content published on Bursa Chat constitutes a recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person.

Wednesday, July 17, 2019

Elsoft: Chart and Comment
Elsoft:

Grp experienced weak demand for its auto test equipment in smart devices, auto and general lighting for beginning 2019.

1QFY2019 core net profit declined 18.7% qoq and 38.6% yoy as revenue also declined 22.5% qoq and 38.7% yoy.

As at march 2019 net cash at rm71.7 mil or 10.8 sen per share.

Technically stronger support is at 0.865.

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Disclaimer: None of the content published on Bursa Chat constitutes a recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person.