PCCS

Good Day to everyone, our stock market experiencing a bull run from this year JAN 2024 to JUNE 2024. July 2024 this month might be slightly retracing from high. A healhy retracement is very needed for continuously bull run  for Bursa Malaysia. Many small cap stocks such as HAILY, EDARAN, MUIPROP all fly sky. We notice a company annual report is quite interesting especially their top 30 shareholders.

Fundamental Analysis

PCCS achieved turnaround profit and achieved EPS of 3.06.

Assuming next 4 quarters can remain same profit,

Using PE 7, PCCS might worth RM0.86

Using PE 10, PCCS might worth RM1.22

Technical Analysis

PCCS remain strong uptrending after a long year ranging at RM0.40.

First resistance - RM0.50

2^nd resistance - RM0.545.

FIRST SUPPORT LEVEL - RM0.40

2ND SUPPORT LEVEL - RM0.42

Today we notice a strong volume appeared, tomorrow can continue or not? We will continue monitor with it.

TOP 30 SHAREHOLDERS

What really catch our eyes is PCCS top 30 shareholders appeared Mr Ooi Keng Thye which is FRONTKN super early investors when FRONTKN is only RM0.10+. Mr Ooi appeared at number 15 which is interesting to see whether he will continue increase its stake or not in PCCS in the in future since he is very strong in investing good quality company like DUFU, FRONTKN, MI & many more.

Conclusion

As conclusion, we must work harder during bull market. Lots of opportunity will appear in this market. Study more in deep for all the ANNUAL REPORTS. You will find out more about a good company looks like. We do not do any buy or sell call, so please do your own studies about PCCS. We just highlighting what we saw in the internet and study through it.

Disclaimers

This is an educational program, stock selection criteria is based on TA and FA facts.   

Please be informed that the aforesaid stocks are solely for the purpose of education only ; it is neither a trading advice nor an invitation to trade. For trading advice, please speak to your remisier or dealer representative.

The final decision to buy is always yours.