KRONO (0176)

Kronologi Asia Bhd is involved in business consulting, designing of solutions and research and development relating to new and emerging information technology software. The company business segments are EDM infrastructure technology includes provision of EDM infrastructure technology which comprises both hardware and software.

Fundamental Analysis

Figure 1: Quarter revenue of KRONO

Figure 2: Quarter profit/loss of KRONO

Figure 3: Quarter Net Asset per Share (NAPS) of KRONO

Figure 4: Annual Price Earning (PE) ratio of KRONO

The figure above shows that KRONO’s business is growing tremendously, as most of the financial indicators such as revenue, profit and NAPS are showing uptrend. This momentum shows that the performance of KRONO is getting more solid and stable over the years. Besides, KRONO is considered as an undervalued stock, as the PE ratio of KRONO is 13.30 which is less than 15 at the moment.

MQ Fundamental Rating

To obtain an accurate MQ Fundamental Rating, a company should has at least 5 years of data to evaluate its performance. KRONO is listed on Bursa Malaysia since year 2014, so its financial data is still not sufficient to carry out fundamental analysis that can portrait its genuine financial position. According to the positive result of its financial ratio as shown in Figure 1-3, there is a potential for KRONO to be put into our consideration for long term investment.

3-Years Technical Chart

Based on the 3 years technical chart of KRONO, it has been undergoing sideway share price movement for almost a year due to lack of catalysts to boost its share price throughout the year.

Technical Analysis

KRONO’s MQ technical rating is 2.2/5.0 and most of the technical indicators show neutral signals indicating that the share price is still experiencing a sideways price movement at the moment.

EMA 5 Crossovver Daily Technical Chart 

All MQ Trader Trading Strategies such as EMA 5 Crossover, ADX Crossover as well as MACD and RSI did not capture any buy signal in daily technical chart currently. This anticipates that there will be no bullish signal going to occur in the short term.

Conclusion

In our opinion, we will start to look for the right spot to enter our position, as KRONO possesses characteristics of a hidden valued stock. At the same time, we will monitor our position closely until there is any news that can affect its share price announced. For short term wise, we can grab opportunities when there is buy signal with strong MQ backtesting rating detected.

MQ Trader Analysis Tool

To view KRONO’s fundamental analysis on MQ Trader: https://klse.i3investor.com/mqtrader/sf/analysis/fa/0176

To view KRONO's technical analysis on MQ Trader: https://klse.i3investor.com/mqtrader/sf/analysis/stkta/0176

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Disclaimer

This article does not represent a BUY or SELL recommendation on the stock covered. Traders and Investors are encouraged to do their own analysis on stocks instead of blindly following any Trading calls raised by various parties in the Internet. We may or may not hold position in the stock covered, or initiate new position in the stock within the next 7 days.

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