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Technical Focus Over KSL Holdings Bhd - 25Apr22

filatovarthur
Publish date: Mon, 25 Apr 2022, 02:24 PM
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KSL Holdings Bhd: Benefitting from re-opening of borders
 
Trading Catalyst
• More than 30 years of experience in the property development sector, primarily in Johor and has since expanded into Klang Valley in recent years.
• Development of KSL Esplanade Mall that has a gross development value of RM600.0m will house more than 300 shops on 650,000 net lettable area and 3,000 parking bays may attract crowds from neighboring districts.
• Operates in a healthy balance sheet in FY21 with a net cash position of RM145.1m, translating to net cash per share of 14.0 sen (c.17.2% of share price).
• Technically, price has recovered above EMA20 and may trend higher to target the next resistances at RM0.85-0.88 with long term target set at RM0.95.
 
Technical View
 
(i) KSL (S: RM0.77, R: RM0.85-0.88, LT TP: RM0.95, CL: RM0.765)
 
S: Support, R: Resistance, LT TP: Long term target price, CL: Cut loss

 

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