PublicInvest Research

TECHNICAL BUY: SALCON (8567)

PublicInvest
Publish date: Mon, 13 Jan 2025, 09:07 AM
PublicInvest
0 11,492
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: SALCON

Key Technical Analysis
Last closing price: RM0.270
Support Level Share Price Resistance Level Share Price
1st Support 0.265 1st Resistance 0.305
2nd Support 0.240 2nd Resistance 0.325
3rd Support 0.215 3rd Resistance 0.345

Description

SALCON specialises in investing, designing, constructing, commissioning, operating, and maintaining water and wastewater treatment plants and related facilities throughout Asia.

Fundamentals

The Group remains optimistic about its growth prospects, bolstered by the recently announced Malaysia Budget 2025, which includes a RM3bn allocation for flood mitigation projects.

Key Financial Data
Growth / Ratio FY21 FY22 FY23
Revenue growth (%) 47.77 -28.86 -24.25
Normalised net income growth (%) - -46.79 -
Return on equity (%) 2.66 -5.53 -5.21
Return on asset (%) 1.91 -3.88 -3.62
Price earnings ratio (x) 17.86 - -
Price to book ratio (x) 0.24 0.56 0.72
Debt to equity ratio (%) 8.51 6.11 16.11

Source: PublicInvest Research - 13 Jan 2025

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