PublicInvest Research

TECHNICAL BUY: KRONO (0176)

PublicInvest
Publish date: Mon, 02 Dec 2024, 09:21 AM
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

Technical chart: KRONO

Key Technical Analysis
Last closing price: RM0.305
Support Level Share Price Resistance Level Share Price
1st Support 0.290 1st Resistance 0.330
2nd Support 0.250 2nd Resistance 0.355
3rd Support 0.230 3rd Resistance 0.380

Description

KRONO is Asia's leading authority in cutting-edge enterprise data management solutions, such as information technology (IT) infrastructure optimisation and data protection.

Fundamentals

Amid intense competition in the 2QFY25, KRONO focused on enhancing user value and operational efficiency. While revenue grew, lower margins reduced profit. With market conditions stabilising and efficiency measures still taking effect, KRONO expects better performance in the second half of the year.

Key Financial Data
Growth / Ratio FY22 FY23 FY24
Revenue growth (%) 16.01 2.02 -4.09
Normalised net income growth (%) 111.80 3.56 -64.51
Return on equity (%) 7.91 6.35 1.97
Return on asset (%) 5.01 4.22 1.42
Price earnings ratio (x) 14.92 14.84 32.05
Price to book ratio (x) 0.99 0.89 0.61
Debt to equity ratio (%) 12.16 11.73 10.32

Source: PublicInvest Research - 2 Dec 2024

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