EURO (7208) |
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EURO has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, the price just successfully achieved the much awaited resistance breakout of 0.27 and conclusively too by closing above this level yesterday reinforcing the bullishness in the recent price movement. This breakout was accompanied by a higher than average traded volume which give us a further affirmative signal that the price should tread higher to its next resistance 0.31 and 0.325. The stock may drift sideways if it dips back below the MYR0.255 level. In this case, further support is anticipated at MYR0.225, where traders can exit upon a breach.
Corporate ProfileEuro Holdings Berhad ("EHB") was listed on Bursa Malaysia Securities in January, 2005. Currently, the Company has eight subsidiaries, engaging mainly in the manufacturing, marketing and trading of office furniture. The Group is a "Total Office Solutions" provider which designs, manufactures, markets and trades its own brand ("EURO" or Euro "Chairs") of chairs, system furniture, storages and accessories. The Group supplies and takes on large-scale projects involving furnishing and refurbishment of office buildings in Malaysia and internationally. The Group has strengthened its growing worldwide presence through the exports of its products to South-east Asia, India, Japan, Australia, Europe, Middle East, Central and South America. And today, the Group has a strong network of dealers and agents globally that has ensured that Euro products are sold in more than 60 countries all over the world. The Group now has three integrated manufacturing facilities with approximately 500,000 sq. ft., all situated in Rawang, Selangor. The facilities are fully equipped with advanced machinery and equipment that allows end-to-end manufacturing of office furniture, giving the Group control over virtually the entire manufacturing and assembly of its office furniture. Together with an in-house research and development team, the Group is able to chart the course of its line of furniture, from design inception to final assembly, and ensure that these live up to the quality and excellence which the EURO brand name is synonymous with. In 2011, the Group has expanded its business into property development in Malaysia.
Website:
EURO Financial Information Market Capital (RM) : 66.83m EPS (cent) : 0.59 * P/E Ratio : 46.61 Par Value (RM) : 0.100 Number of Share : 243.00m NTA (RM) : 0.290
EURO Quarter Report History
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HAPPY TRADING & GOOD LUCK
BURSAMASTER
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Created by BURSAMASTER BULLSEYE | Jul 11, 2016