CMSB

Sector: Construction Materials

Analyzed on 06/09/2021

CMSB has been playing a key infrastructure development role in Sarawak over the last 40 years. Their business span from cement manufacturing, construction materials trading, construction, road maintenance, to property development.

After reaching a high of RM2.50 in Feb 2021, the share price of CMSB has been on a downtrend, remained lower than both EMA25/50 since April 2021 and a dead cross was observed in April too. The downtrend is in line with reported lower earnings for Q1’2021. Recently, the share price of CMSB has climbed above its EMA25/50 which made both EMAs to start trending upwards. Should the share price stabilize or continue to climb higher, EMA golden cross may occur.

Reason to monitor: Pending golden cross

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