HALEX (5151)

Halex has today demonstrated an impressive breakout above its support of 0.705 ; closing at 0.73, almost at its day’s high 0.735. It has been consolidating and today a reversal pattern is observed. The immediate resistance is at 0.75 with the next resistance at 0.82 & 0.89. It 52-week high was recorded at 0.82 in Feb this year.

Halex is a small-cap company with issued shares of only 105.9 million; with about 72% are held by the top 30 shareholders and remaining 28% by the public.

Halex is currently trading below its Net Tangible Asset (NTA) of 0.92. Its Par Value is 0.50

Background
We were incorporated in Malaysia on 13 October 1990 under the Companies Act. 1965 as a private limited company under the name Halex Holdings Sdn Bhd. Subsequently, on 11 January 2007, we converted our status from a private limited company to a public limited company to facilitate our listing on the Main Market of Bursa Malaysia Securities Bhd which was on 16 September 2009. We are principally an investment holding company. Our group started off in 1980 as Halex (M) Sdn. Bhd., a trading company importing and distributing agrochemicals and fertilisers.Today, 30 years later, while maintaining our core business in agrochemicals, Halex has grown and diversified through our main subsidiaries. (sourced by: http://www.halex-group.com/section/halex_holding/holdings_about_us.html)

Website:
http://www.halex-group.com/

HAPPY TRADING & GOOD LUCK

BURSAMASTER

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