Highlights

Investhor's Mighty Hammer of Wisdom

Author: Investhor   |   Latest post: Sat, 22 Aug 2020, 10:26 AM

 

BUSINESSES, TOURISM, HOSPITALITY REOPENS !!! THIS STOCK SHOULD SEE SURGE IN DEMAND !!!

Author:   |    Publish date:


Hi to all fellow investors and traders !

Today I would like to share my thoughts the following counter:

GETS GLOBAL BERHAD or GETS (Code 5079, MAIN Market, Travel Leisure & Hospitality)

Some basic info on this company:

i. Number of shares float : 126 million

ii. Market Cap : RM 12.6 million

iii. Last closing price : 10 cents

iv. Website : https://www.getsglobal.com.my/

GETS - BUSINESSES, TOURISM, HOSPITALITY REOPEN  !!! THIS STOCK SHOULD SEE SURGE IN DEMAND !!! 

1. Restoration Movement Control Order (RMCO) Starting From 10th June 2020 to 31st August 2020

Refer below news link. Starting from 10th June 2020, Malaysia will be entering RMCO phase, where tourism, hotels, and majority of businesses are allowed to open.

This will cause surge in demand for the use of public buses under GETS.

https://www.nst.com.my/news/nation/2020/06/598700/cmco-end%C2%A0replaced-rmco-until-aug-31

B

2. Profitable The Last 2 Quarters & Trading Below NTA of 31c

Refer below image for summary of QR for GETS.

A few points to note:

i) Revenue improved for 2 quarters in a row

ii) Started to be profitable for the past 2 quarters as compared with 2 years previously in losses

iii) NTA at 31c, the last closing price of 10c is a 21c discount to its NTA

 

3. Low Float Shares As Director Holding About 29.96% of Total Float

Refer below list of director shareholding in GETS. We see that Datuk Che Azizuddin Bin Che Ismail holds 29.96% of the total float shares, therefore leaving effectively 70% float in the market of the already small float of 126 mil.

Total float estimated about 88.2 million shares excluding the above.

4. TECHNICAL ANALYSIS - Homily Chart - Breakout Above the TE Line - Long Term Investors Adding Position

Let's take a look at the 60 minutes chart of GETS using Homily software:

A few observations:

i. At Circle 1 - Price had broken above the important resistance line indicating bullish momentum

ii. At Circle 2 - Red chips are increasing position in this counter, indicating that they are expecting higher prices ahead

CONCLUSION

Based on my opinion, GETS should be given attention in coming weeks, based on below:

i. Businesses & tourism reopening to cause a surge in bus demand 

ii. Stable FA , profitable the past 2 quarters, NTA 31c

iii. Director holding 30% of total float
 
iv. Technical Analysis - HOMILY Chart indicating breakout above TE line, and long term investors adding position
 

Thanks for reading and see you in the next post.

THE ABOVE IS NOT A BUY OR SELL CALL AND IS ONLY A PERSONAL OPINION ARTICLE AS A SHARING TO BSKL COMMUNITY MEMBERS.

Yours Truly,

INVESTHOR

Share this

  Be the first to like this.
 


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View candlestick stock charts with Technical indicators
MQ Affiliate
Be rewarded by being an MQ Affiliate
 
 

248  821  476  603 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 AT 0.10+0.005 
 DGSB 0.195-0.03 
 VIVOCOM 0.05+0.005 
 AEM 0.16+0.005 
 GPACKET 0.46-0.02 
 MAHSING 0.91-0.05 
 DATAPRP 0.18-0.015 
 HWGB 0.755-0.025 
 LUSTER 0.15-0.015 
 TRIVE 0.010.00 

FEATURED POSTS

1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
4. Why Trade FKLI? Bursa Derivatives Education Series
5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
PARTNERS & BROKERS