KESM Industries Berhad is a company that investors should not be missed out. Great prospect and business was in line with the future trend - Industry 4.0.
Price was selling on a discount, market cap is just RM 460mil. how low or how high it might goes, is highly depending on the profitability of this company and the expectation of the investors. Company's share price fell since 22 ringgit and now still hovering arround 10ringgit+ and yet, investors are still waiting its quarter report in order to make the next move.
Price was plunging due to investors' high expectation and wafer supply constraints. Its main customers who contributed 60-70% to the group's revenue is facing assembly and production yield issues due to wafer supply shortage in the recent quarter. Analysts are expecting this issue will be improved in near term.
Business is still growing and it was driven by: i) the demand of more safety, comfortable and security vehicles ii) electronic or smart car iii) ADAS systems iv) Global automotive semiconductor market
Chart pattern was not looking good, short to mid term in a downtrend but long term uptrend still intact (uptrend support arround RM7.5). Rebound was happened at 9.88 ringgit which is the 161.8% of fibonacci retracement. Immdediate support at 10.3/ 9.85, Resistance at 11.04/ 12.6/ 14.22.
To know more TA or FA or for daily tips, advices or assistance, Whatsapp +60 1159673510 (Susan)
Stock: [KESM]: KESM INDUSTRIES BHD
2018-11-20 20:40 | Report Abuse
KESM Industries Berhad is a company that investors should not be missed out. Great prospect and business was in line with the future trend - Industry 4.0.
Price was selling on a discount, market cap is just RM 460mil. how low or how high it might goes, is highly depending on the profitability of this company and the expectation of the investors. Company's share price fell since 22 ringgit and now still hovering arround 10ringgit+ and yet, investors are still waiting its quarter report in order to make the next move.
Price was plunging due to investors' high expectation and wafer supply constraints. Its main customers who contributed 60-70% to the group's revenue is facing assembly and production yield issues due to wafer supply shortage in the recent quarter. Analysts are expecting this issue will be improved in near term.
Business is still growing and it was driven by:
i) the demand of more safety, comfortable and security vehicles
ii) electronic or smart car
iii) ADAS systems
iv) Global automotive semiconductor market
Chart pattern was not looking good, short to mid term in a downtrend but long term uptrend still intact (uptrend support arround RM7.5). Rebound was happened at 9.88 ringgit which is the 161.8% of fibonacci retracement. Immdediate support at 10.3/ 9.85, Resistance at 11.04/ 12.6/ 14.22.
To know more TA or FA or for daily tips, advices or assistance, Whatsapp +60 1159673510 (Susan)