PublicInvest Research

TECHNICAL BUY: HARNLEN (7501)

PublicInvest
Publish date: Mon, 25 Nov 2024, 09:07 AM
PublicInvest
0 11,357
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

Technical chart: HARNLEN

Key Technical Analysis
Last closing price: RM0.410
Support Level Share Price Resistance Level Share Price
1st Support 0.395 1st Resistance 0.450
2nd Support 0.350 2nd Resistance 0.475
3rd Support 0.320 3rd Resistance 0.500

Description

HARNLEN is principally involved in the oil palm plantation business.

Fundamentals

With anticipation that crude palm oil (CPO) prices are to be supported above RM3,800 per m/t, the Group focuses on efficiency and cost management to address potential impacts.

Key Financial Data
Growth / Ratio FY20 FY21 FY22
Revenue growth (%) 4.30 79.98 4.54
Normalised net income growth (%) - - -
Return on equity (%) 35.14 -6.96 4.62
Return on asset (%) 19.81 -4.83 3.38
Price earnings ratio (x) 1.36 - 28.24
Price to book ratio (x) 0.42 0.45 3.29
Debt to equity ratio (%) 29.42 27.04 22.66

Source: PublicInvest Research - 25 Nov 2024

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