BURSAMASTER BULLSEYE

KOBAY HITS BULLSEYE

BURSAMASTER BULLSEYE
Publish date: Fri, 13 Nov 2015, 12:25 AM
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KOBAY (6971)

KOBAY has hit a 5-year closing high of 1.98 after briefly touching intraday high of 2.02 breaching its major resistance with ease at 1.92.  This resistance breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout. Kobay’s share price hit limit up on 26-Oct-2015.

 

Kobay is a one of smallest cap company with only 67.35mil shares issued. With over 50 mil shares are in the hands of the 30 largest shareholder thus only 25.16%  in the hands of the public. For FYE 30-6-2015; it registered a PAT of RM10.636 mil on the back of RM113.919 mil revenue with EPS of 15.7. Cash rich with minimum debt or manageable cash and debt  and prudent management; it is envisage that the company will performed exceptionally well for this FYE 30-6-016.EPS is expected to double with anticipated new business development coming through. 

 

TP : 4.00

 

Kobay Technology was founded in 1984 and is listed under the main market of The Malaysian Stock Exchange (Bursa Malaysia). Specializing in high precision engineering, we provide comprehensive solutions for High Precision Mold and Trim & Form System, CNC Precision Machined and Metal Stamping Components, Sheet Metal Fabrication (enclosures), Heavy Machining and Structural Works as well as Machine/Equipment Automation. Our services cover industries such as Semiconductor, Telecommunication, Aerospace, Electrical, Electronics, Automobile, Oil and Gas, Power Generation and others. We not only serve Multinational Corporations that have factories operating in Malaysia, but also customers from countries in Europe, North America, South America and Asia. Our headquarters is located in Penang, Malaysia and we have operations in Malaysia and China. Our group of companies had successfully obtained numerous awards and recognitions from our valued customers, ranging from Best Vendor Awards, Enterprise 50 Award and Best Equipment Award. Most of our companies are certified with the ISO Quality Standard and we continue to strive to serve the customers better through Manufacturing Excellence. With a headcount exceeding 600 people and a turnover of almost RM90 million, we take great pride in being a home grown market-leading high-technology company reaching out to serve the global market.

Happy trading

Bursamaster Bullseye

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