8 JULY 2019

HAIO 7668

PE : 14.65

Shares Issued : 300.297 millions

Syariah : No

Dividend Yield : 5.65%

NTA : 1.07

Recent New Development

27 Jun 2019

Hai-O downgrade to sell with a lower target (TP) of rm1.80.

Source obtain from https://www.theedgemarkets.com/article/haios-mlm-segment-seen-facing-structural-challenges

15 Jan 2019

Hai-O seen to focus on high-margin goods. Kenanga Research downgrade to Underperform with a lower target price (TP) of RM2.20. Hai-O Enterprise Bhd continued promoting its new Bizumer Digital App, which now accounts for 50% of total multilevel marketing (MLM) SALES, and to recruit new distributors. Additionally, Hai-O plans to penetrate the kid and infant market with a new brand (undisclosed) and expand it Indonesian Market by organizing Jakarta Business Summit. Hai-O expects its Indonesian MLM market to break even this year.

Source obtain from https://www.theedgemarkets.com/article/haio-seen-focus-highmargin-goods

14 Mar 2018

The study of Thomson Reuter and DinarStandard also projected that the Muslim consumers’ spending on clothing and footwear would reach US373 billions (RM1.45 trillion) in 2022. Modest wear brands are definitely making their presence felt and solidifying themselves as local luxury brand, with some big names offering lifestyle products on top of other fashion item. Sahajidah Hai-O marketing manager Jyann Tan Pei Yong said tapping into the hijab market make perfect sense for the direct selling company, based on the eagerness of career women to remain fashionable, while strengthening their professional image.

Source obtain from https://themalaysianreserve.com/2018/03/14/malaysian-fashion-brands-to-shine-as-islamic-wears-global-appeal-heightens/

Financial Ratio :

Current Ratio : 5.03

Net Gearing Ratio : Net Cash

Gross Profit Margin : 38.36%

Technical Outlook :

Chart Pattern : Resistance Breakout  ;  DOJI- BULLISH ( 1 DAYS – 7 DAYS )

Volume Pattern : Increasing Trading Interest

MACD : GOLDEN CROSS ( OCCUR ON 3 JULY 2019)

SH TREND : BULLISH ( 5 JULY 2019)

RSI : 50.11 (BULLISH)

BOLLINGER- BAND : POSSITVE TERRITORY ( IF REMAIN ABOVE 2.27 )

Trading Mode: Moderate

Investment Mode: Low

CURRENT CLOSING PRICE: 2.30

SUPPORT: 2.18; 2.26

RESISTANCE: 2.40 ; 2.47 ; 2.60

PERSONAL OPINION: Although what we are reading from online news, it seems to be negative bias from what I share it above. However, I still pick this stock to share it with you guy how I see it from technical perspective. It may not look sexy and hot for long term but we are seeing there is sign of bottoming up. On top of that, I also notice there is increasing trading interest in this stock. If this is a stock that is so negative as what I read from online news, then why are people are buying? Probably is those long-term investors collect it at the bottom for dividend collection. Why am I looking at this stock because I adopt Fibonacci Ratio which is fall at 23.6% that equal to the price of 2.29. So, if this level able to sustain strong, next Fibonacci level which is 38.2% that equal to the price of 2.92 which is the next level I am looking at but this is for swing trading method. It pretty much that need patient and time to reach such level. So, for me to be at the safe side, I am looking at recent support resistance. Again let see, is it fundamental investor more in town or technical follower. Why am I saying so? If fundamental followers wont be entering at current stage as it not look good at the moment. What about technical players? Let revisit this stock after a month to check out how does it perform.

TRADE  WITH WISDOM

21 JULY 2019

大马股市短线技术交易讲座会

地点 : ITPA, Persiaran Mahsuri, Bayan Lepas, 11900, Pulau Pinang

时间 : 10.00am - 12.00pm

Registration Link : https://www.eventbrite.com/e/stevent-hee-registration-64661196379

21 July 2019

How to pick a winning stock in just 5 minutes 

Location :  ITPA, Persiaran Mahsuri, Bayan Lepas, 11900, Pulau Pinang

Time : 2.00pm - 4.00pm

Registration Link : https://www.eventbrite.com/e/how-to-pick-a-winning-stock-in-just-5-minutes-registration-64661484240

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DISCLAIMER : ABOVE ARTICLE IS FOR EDUCATIONAL SHARING PURPOSE. IT DOES NOT SOLICIT ANY BUY/SELL CALL RECOMMENDATION. KINDLY CONSULT YOUR DEALER/REMISIER FOR ANY INVESTMENT DECISION. TRADE AT YOUR OWN RISK.