Key points:
-Both latest yoy and qoq revenue and profit improved significantly.
-Higher sales attibute by Malaysia and Thailand business.
-Myanmar business model resume operation in April 19 after company change it business model.
-New marketing plan launched and this year Zhulian celebrate 30 years anniversary.
-If company can achieve 80 million profit yearly and with PE average 12 , most likely 960 million market cap is achievable.
-Dividend yield 6.25%.
-Net cash company with 159 million.
ZHULIAN BUSINESS CONTRIBUTION % BY COUNTRY:
TECHNICAL CHART
-The price is above 200days moving average which is bullish technical.
-MACD is a buy signal whereby it cross zero level.
-Resistant at RM1.50 broke on 18 July 2019 with gap up and support well with volume.