Technical | Fundamental Analysis Discussion Stocks Listed In Bursa

Friday, July 19, 2019

GPacket: Chart and Comments

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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