PublicInvest Research

TECHNICAL BUY: TRC (5054)

PublicInvest
Publish date: Mon, 06 Jan 2025, 09:45 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: TRC

Key Technical Analysis
Last closing price: RM0.370
Support Level Share Price Resistance Level Share Price
1st Support 0.360 1st Resistance 0.385
2nd Support 0.340 2nd Resistance 0.405
3rd Support 0.315 3rd Resistance 0.425

Description

TRC is involved in engineering and construction, property development and oversea business investments, particularly in Australia.

Fundamentals

The Group remains committed to completing existing projects, securing RM736m in 1H24. It actively seeks new opportunities and participates in government and quasi-government tenders to replenish its RM860m order book.

Key Financial Data
Growth / Ratio FY21 FY22 FY23
Revenue growth (%) 1.10 -10.99 0.16
Normalised net income growth (%) -24.87 149.49 -48.12
Return on equity (%) 4.67 11.26 4.86
Return on asset (%) 1.77 4.66 2.39
Price earnings ratio (x) 7.40 2.65 6.90
Price to book ratio (x) 0.35 0.29 0.33
Debt to equity ratio (%) 35.83 31.62 18.46

Source: PublicInvest Research - 6 Jan 2025

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