fundamental and technical analysis

MBM expected boost earning from Perodua Bezza!

Brian Loke
Publish date: Wed, 20 Jul 2016, 02:42 PM
fundamental and technical analysis

MBMR stock price is on strong up trend above both moving average 20 days and 50 days.
Elliott wave 3 is longer than wave 1 with high volume break out.
Look for buy signal around fibonacci retracement around 61.8% rm2.26 with low volume retrace.
Cut loss if break support rm2.25. Resistance at rm2.52.

The revenue and EPS are lower.
Company financial health at lower gearing
Dividend yield 7.1%
NAB reduced from 4.09 to 4.02

MBMR owns 20% in Perodua.

http://www.thestar.com.my/business/business-news/2016/07/20/bezza-to-make-a-difference-for-mbm/

 

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UY

Yes

2016-07-20 17:18

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