PublicInvest Research

TECHNICAL BUY: HEGROUP (0296)

PublicInvest
Publish date: Mon, 09 Dec 2024, 09:13 AM
PublicInvest
0 11,512
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: HEGROUP

Key Technical Analysis
Last closing price: RM0.570
Support Level Share Price Resistance Level Share Price
1st Support 0.555 1st Resistance 0.610
2nd Support 0.505 2nd Resistance 0.630
3rd Support 0.470 3rd Resistance 0.675

Description

The Group provides complete turnkey solutions with a strong core in electrical and mechanical engineering to industry, building services, energy, automation and semiconductors companies.

Fundamentals

The global semiconductor industry is growing, driven by demand for artificial intelligence (AI) technologies and a recovery in electronics production. Malaysia aims to attract RM500bn in investments to strengthen its role in the global supply chain and as a manufacturing hub. This creates opportunities for the Group to expand in advanced semiconductor manufacturing.

Key Financial Data
Growth / Ratio FY21 FY22 FY23
Revenue growth (%) 220.06 7.08 89.82
Normalised net income growth (%) 616.78 44.49 80.22
Return on equity (%) 37.92 43.13 51.29
Return on asset (%) 10.06 8.17 12.02
Price earnings ratio (x) - - -
Price to book ratio (x) - - -
Debt to equity ratio (%) 53.09 64.05 11.44

Source: PublicInvest Research - 9 Dec 2024

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