KGroup is the 1st company in Malaysia to be officially approved by the Ministry of Health (MOH) for Covid-19 test kits. To date, the many test kits available in various hospitals comes from different sources with no official approval from MOH. With the MOH endorsement, hospitals and clinics throughout the country will have to source their Covid-19 test kits from KGroup.
Given the second wave of Covid-19 infections throughout the world, we expect Malaysia to build up the test kit stock pile/ inventory of around 10% of the Malaysian population, translating to a minimum 3m test kit orders over the next 12 months. This will boost KGroup’s revenue by at least RM300m, translating to RM15m net profit of 2.2sen EPS. Based on Friday’s closing price of RM0.075, KGroup is only trading at 3.4x PE.
With no vaccine in sight for the next 12 months, we believe healthcare related stocks like KGroup would be where investors put their money into. KGroup being the sole approved MOH Covid-19 test kit provider should have a target price of RM0.16 (7x PER).
For TA, KGroup share price broke the resistance of RM0.065 and is now trading above the 14, 25, 50 days moving average with a hook up in Stochastics on 19/6/20. Immediate resistance of RM0.11 with a target price of RM0.16.
have faith in this counter.....so as long covid 19 still rampaging the world....test kits has high demand. This is like another hidden health counter to become GEM.
Typical goreng konter.. the way they flush out... in 10 seconds 100k plus sold.. Get put while you can.. Super trap awaiting.. can compare other penny nicely increasing, this one only to cekik your money...
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
AQVARIO
42 posts
Posted by AQVARIO > 2020-06-21 18:43 | Report Abuse
The Making of Another "AT" with a stronger support...Ride on it!!!