ABLE GLOBAL BERHAD
KLSE (MYR): ABLEGLOB (7167)
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Last Price
2.02
Today's Change
-0.04 (1.94%)
Day's Change
2.01 - 2.06
Trading Volume
333,400
Analysis
Technical Analysis
Technical analysis is a means of examining and predicting price movements in the financial markets, by using historical price charts and market statistics.
Popular technical indicators such as moving averages, relative strength index, William R%, Money Flow Index, Percentage Price Oscillator, Moving Average Convergence-Divergence and Stochastic Oscillator are used to analyze the trend, momentum and strength of a stock.
Simple Moving Average
Name
Value
Variance
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
Exponential Moving Average
Name
Value
Variance
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
Relative Strength Index
Name
Value
RSI 9
6.604
RSI 9
6.604
RSI 9
6.604
Percentage Price Oscillator
Name
PPO
Signal
Variance
5,35,5
-12.07
-10.37
-1.70 | -16%
5,35,5
-12.07
-10.37
-1.70 | -16%
William %R
Name
Value
%R-9
-88.496%
%R-9
-88.496%
%R-9
-88.496%
Moving Average Convergence-Divergence
Name
PPO
Signal
Variance
5,35,5
-12.07
-10.37
-1.70 | -16%
5,35,5
-12.07
-10.37
-1.70 | -16%
Money Flow Index
Name
Value
MFI-9
6.348
MFI-9
6.348
MFI-9
6.348
Stochastic Oscillator
%K (Fast)
6.348
%K (Fast)
6.348
%K (Fast)
6.348
%K (Fast)
6.348
Rate of Change
Name
Value
MFI-21
29.833
MFI-21
29.833
MFI-21
29.833
MFI-21
29.833
Discussions
16 people like this. Showing 50 of 7,369 comments
RHB picked as one of the top 20 jewels for 2024 recently. Just buy and keep.
2 months ago
ableglobal every time u third red candle buy in dip, you will enjoy the fruit in next few months
2 months ago
this uncle kuat.
but this is old news..2022-nov
now they are very good friend now d.
how good if they fight now, can become KOL
2 months ago
Someone trying to goreng back old news and rumors. But the share price so steady. 利空不跌 你們懂得 呵呵
2 months ago
Spending power reduce in all over the world for majority. So ablefarm product will be better choice and can get more potential customers
2 months ago
lol..one by one news is old news 2022 oct..
but boss is helping that old man stand properly..
2 months ago
suspected is who jealous boss business will success soon...
spread the fake rumor...
2 months ago
haha..facebook is useless..all the page on facebook are fake page which anyone can get it if u paid...
haha..u can buy the page package depend on how many followers u want..
2 months ago
Of course goreng. this time goreng sampai hangus back to 1.40, bad news waiting to explode and limit down!!!! Don't say I never warn you all.
1 month ago
Already told you all, this bloody counter is useless. Limit down coming. Those who heard my advice and sold at high prices, thank me.
1 month ago
Some people comments without brain, 99% of bursa share are drop, they thought only this share drop. 小丑连世界局势都不知道
1 month ago
haha.. that why emc2gary, u just can earn from stock market..
we need more fool's blood money
1 month ago
Someone must be bought at 1.5 1.6 then cut loss at 1.1 1.0,then now price at 2 already he feel not balance, heart pain, become hatred to this stock, see drop 2 cents already very happy
3 weeks ago
So many stuck above RM 2.00. just waiting to cut loss when the price hit 1.80. you better sell before the blood bath starts.
3 weeks ago
Mexico JV is a failure. Smart investors sell all before it is announced as total impairment.
2 weeks ago
I speak with data. Already 5 years, tell us how much is the profit from Mexico JV ???
2 weeks ago
https://theedgemalaysia.com/node/705812
.Edge Weekly
Able Global eyes US market to optimise Mexican factory output
By Liew Jia Teng / The Edge Malaysia
2 weeks ago
I guess you haven't read the quarterly reports of profit/loss of the joint venture.
2 weeks ago
Someone must be hurt badly by serbak, that's y he think every company is running by conman
2 weeks ago
I read the qr report again n there is no mention of the loss in the Mexican venture.
2 weeks ago
In 2021 Public Bank wrote that management targeted Mexico to breakeven by year end. Breakeven utilization set at 30%.
Latest report shows utilization is 35%-40%. However, there have been 2 continuous quarters of share of loss for JV as shown in the P&L. The results over the past 15 quarters have been inconsistent.
Given the company's fortune depends on commodity prices, and with the run up in share price since the last few months, IMO the risk reward is no longer appealing.
2 weeks ago
Q2 2024 Mexico JV was making profit, but the Mexico peso depreciation caused the JV making loss after unrealised forex loss take into account.
2 weeks ago
Good point. Can you share how you deduce that JV was making profit but peso depreciation turned it into a loss? I couldn't find those info.
When I checked the Mexican Peso to Ringgit chart, it shows Mexican Peso has been strengthening against Ringgit from 2019 to mid 2024. The recent peso depreciation happened after mid 2024. But the quarter report is up to Jun 2024 only. In other words, the recent peso depreciation hasn't started during the reported quarter (worse to come in next quarter?)
Rightfully during the period when Peso was strengthening, it took fewer Peso profit to translate into each Ringgit profit. I wonder how the company turned a favourable forex condition (until mid 2024) into an unfavourable result.
2 weeks ago
Reporting currency is in MYR. Anyway, a two-step exercise of Peso to USD, then USD to MYR, the effect is the same.
2 weeks ago
You may refer to Public Bank analyst report issued on 29th Aug.
Mexico operations. On the other hand, AGB’s Mexico operations slipped into a loss of RM0.4m, mainly due to unfavourable currency fluctuations. We gather that exports from its Mexico operations have been increasing steadily and is currently running at a higher utilization rate of 35-40% (previously 25-30%) as the group has started to export full range of products (full cream and filled milk) to US.
2 weeks ago
Those who claimed to have read the results and said no issue or no mention of loss and accused me of badmouthing were trying to fool people into buying or holding this useless company stock while themselves quietly offloading their shares... Thankfully there are still some honest people around who admitted it's still a loss after so many years. By the way, do you guys notice the same song the management is playing regarding the land conversion, each quarter still the same old song, "still in process of conversion"...oh yea...the debt clock is ticking yo, and the bank interest is also ticking yo!!! Wake-up from the abracadabra hypnosis before it's too late to.... otherwise when one day you suddenly wake up, it will be tripple limit down, then you'll be a true long term investor until it goes to zero...just like the sad story of serbak. By the way I didn't have a single share nor loss a single cent in serbak coz I could sniff the hanky panky from a hundred miles away before the first bad news broke out!!
2 weeks ago
Thanks for sharing the source. I missed the Public Bank report that “Mexico operations
slipped into a loss of RM0.4m, mainly due to unfavourable currency fluctuations”
So it means the operation was close to breakeven during Q2.
If I look back past 15 quarters since they started reporting the JV results, not only the Mexican progress was behind time, but the performance was also erratic. For example, loss in 3Q23, profitable in 4Q23, then loss again in 1Q24.
Have they really turned the corner?
2 weeks ago
Yes, last quarter, Q2 Able Mexico had granted the full range of product export licenses. CEO did mentioned it during AGM.
2 weeks ago
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which is rm3.6 to rm4...
2 months ago