PublicInvest Research
TECHNICAL BUY - AAX (5238)
PublicInvest
Publish date: Thu, 26 Jan 2017, 09:28 AM
PublicInvest
0 11,332
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 RM0.435, RM0.465
- Last closing price RM0.395
- Potential return 10.1%, 17.7%
- Support RM0.375
-
Stop Loss RM0.370
Possible for further upside. AAX's share price hovered in a sideway channel for the past five months. Currently, it is poised for breakout from descending triangle. Both bullish RSI and MACD indicators signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term to lift price higher to the next resistance levels of RM0.435 and RM0.465. However, failure to hold at support level of RM0.375 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 26 Jan 2017
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[b]AAX Quarter Report History[/b]
Quarte Revenue PBT Net Profit EPS NTA(RM) Report(%)
30-9-16 982,402 12,008 11,025 0.3 0.23 104%
30-6-16 883,163 -9,230 1,019 0 0.23 101%
31-3-16 970,674 218,517 179,489 4.3 0.2 243%
2017-02-02 20:10