Technical | Fundamental Analysis Discussion Stocks Listed In Bursa

Monday, July 15, 2019

Redstone: Chart and Comment

Redtone:

Hardly any newsflow but 2 yrs ago reported that it had realigned its focus on telco services, MTNS and IDS.

FY2019 ... rm15.36 mil NP.
FY2018 ... rm6.19 mil NP.

At 0.385 it is trading at TTM PER of 20.3x.

As at april 2019 cash and investment stood at rm66.8 mil and rm1.71 mil.

Technically a double tops chart pattern can be seen in the chart.

Critical support is at 0.36 to 0.365 level followed by 0.325.

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