The Daily Pulse of Bursa Malaysia

Stock Analysis – GDB (0198) – RM0.285:

zaclim
Publish date: Wed, 24 Apr 2024, 08:54 AM
zaclim
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GDB’s stock price has been in an expanding wedge at the last count of 5-wave-pattern rebounded from last week low at RM0.255 where it was supported at EMA30 line. The stock price is riding above all EMA lines which are arranged in order above rising SMA200 line. This indicates that the stock price is preparing to continue its uptrend along with its markup phase;

If the stock price could breakout and stay above RM0.3150 for higher high with trending momentum and increasing volume, then let’s monitor for the next possible short-term targets around RM0.325, 0.335, 0.350, 0.380, 0.410, 0.430, 0.450, 0.480, and 0.500. Long term investors may prospect for possible long-term targets to challenge around RM0.530, 0.550, 0.580, 0.600, 0.620, 0.655, 0.735, 0.800, 0.845, and 0.900;

Should the new higher high beyond RM0.315 be successful, trailing stop with EMA20 or EMA30 line, or if the stock price were to pullback unexpectedly, put the short-term stop loss below RM0.270 or worst case below RM0.255;

“XChart’s Stock Analyser” as shown above is fundamentally PFS9=6 indicates FA is fairly good, and technically TAS20>55% indicates that the stock price may biased for further rebound along with its markup phase;

Fundamental:

GDB HOLDINGS BERHAD (GDB, 0198) is listed under MAIN market’s Construction Sector.

Principal Products / Services:

Construction services.

Financial ratios:

TTM Q4-Dec-2023: PBR=1.58, EPSG=46.55%, ROE=4.77%, NGR=NetCash, TLER=1.05;

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