PublicInvest Research
TECHNICAL BUY - HEXZA (3298)
PublicInvest
Publish date: Wed, 12 Oct 2016, 09:32 AM
PublicInvest
0 10,945
An official blog in I3investor to publish research reports provided by PublicInvest Research team.
All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp
PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718
All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp
PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718
- Target Price RM1.00, RM1.05
- Last closing price RM0.94
- Potential return 11.7%
- Support RM0.90
- Stop Loss RM0.895
Buying interest. There was an attempt to break the resistance of RM0.945 yesterday with share price testing RM0.95 level. We opine the shares may test the resistance level again in the near term and if it's successful, Hexza shares may move higher to the next resistance level of RM1.00 followed by RM1.05. Traded volume was higher at 745.2k shares compared to 14-day average of 81.9k. MACD is on the verge to form a golden crossover and bullish RSI indicator signifying the positive buying momentum..
However, failure to hold at support level of RM0.90 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 12 Oct 2016
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Super_SKL
Hexza is indeed a fundamentally strong, high-dividend yield, and cash-rich company. The share price is relatively undervalued compared to its peers. Quite a lot investors knew about it. But why? It's pointed out by the chairman in the 2016 annual report:"In the coming years, Hexza will have to concentrate on growth. Without growth in revenue and profit, there can be no sustainability. We have to proceed on a more aggressive merger and acquisition (M&A) policy." With this message, I believe the top-management of HEXZA has greater commitment to do even better in the coming years. Wish them good luck in their main businesses and whatever merger and acquisition activities they might have in the future. Hopefully, we, as a shareholder, can share some profit of a well-managed company from investing our hard-earned capital.
2016-10-28 11:49