PublicInvest Research

Technical Buy - JAG (0024)

PublicInvest
Publish date: Mon, 31 May 2021, 12:58 PM
PublicInvest
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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

Description

JAG’s business operations are mainly attributable from its manufacturing and trading segments involving recycling and recovery activities, which are affected by the cyclicality of the semiconductor.

Fundamentals

JAG is optimistic on the group’s outlook on the back of strong demand for electrical & electronic (E&E) products globally, where higher production of E&E manufacturer should lead to higher waste generated. In addition, the group has benefited from higher commodity prices such as copper, tin and nickel, which have been on a steady upward trend since the 2020.

Source: PublicInvest Research - 31 May 2021

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2021-06-08 17:35

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