AEMULUS

Sector: Technology / Analog, Digital, RF Tester

Analyzed on 15/8/2021

Recap of our last analysis, AEMULUS rallied to a new high of RM1.20 after it broke its previous resistance level of RM0.935 with healthy trading volume. Now, the share price has retraced to close at RM1.05 last Friday. This healthy retracement could be due to political instability and profit taking by traders. Since its EMA25/50 are still trending upwards and below its share price, the uptrend is still intact. EMA 25 and 50 will serve as its supports, currently at RM1.02 and RM0.935 regions. RSI has also retraced from overbought region. 

Looking into its valuation, the market is giving AEMULUS a high valuation of P/E 86 amid its recent 3 years contract to collaborate in developing a CIS-specific tester model for the China market. The company has also won a RM3.3m contract to provide testers to local car manufacturing company.

Reason to monitor: Retracement to support level

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