NIHSIN (7215)

NIHSIN strong performance today has reinforced its uptrend mode. It has been trading during a –week range of 0.325 to 0.36 ; the highest achieved today and closing at 0.355.The resistance breakout of 0.35, further reinforce the bullishness in the recent price movement. This 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. Traders  may  buy  as  a bullish  bias could be present above this level, with an immediate   target price  of MYR0.385 followed by 0.45 and 0.505.

Based on last quarter result announced on 19^th Aug 2015; Nihsin made a meager Profit after Tax (PAT) of only RM371k on the back of RM12.8 mil revenue. Market talk of a robust performance for this quarter to be announced tentatively on similar date i.e 19^th Nov 2015 to be better than expected. The recent rally in its share price from a low of 0.22 in Aug this year further reinforce this rumours.

Furthermore, Nihsin has spread its wing globally in the light of a fortified marketing team and introduction of a new product to be launched in the near term.

HAPPY TRADING & GOOD LUCK

BURSAMASTER

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