Hi Sifu, Any reason why this counter price keep dropping, while D&O still standing strong and having similar EPS ? ________ U think d&o wont stumble ,u are too naive in stock game , 1 by 1 banker will squeeze all the bubble out , the fools who chased high high now starts jerking already , thats y i say buy only undervalued stocks like dnex , vstecs , mi tech , gtronics , swift haulage ! I guaranteed u will see d&o plummet more worst than jhm later !
D&O got fund managers support, JHM tak ada... D&O fundamental is much better than JHM share price is always supported by tycoon, not you and me or small guys. don't buy the downtrend stock and below MA 20.
◤Talking about the stock market◢ JHM Technology's rising momentum is showing Chinapress Fri, Dec 02, 2022 12:00am - 3 days
Broker: Kenanga Investment Banking Research
Investment Advice: Tech Buys
Closing price: 74 sen (as of 2 December)
First resistance level: 80 sen
Second resistance level: 88 sen
Stop loss point: 64.5 cents
After the recent rebound of JHM Technology (JHM, 0127, ChiNext Technology) from the low of 71 sen, the stock price broke through the downtrend line, which returned to the peak of RM1.35 in August. With the stock closing at 72 sen on Thursday (2nd), upward momentum is expected.
The technical chart shows that the stock may extend its upward momentum based on the moving average convergence divergence (MACD) breaking above its signal line and the strength indicator (RSI) moving away from the moving average after climbing from oversold territory.
Therefore, the stock may rise and challenge the resistance levels of 80 sen (11% potential upside) and 88 sen (22% potential upside); stop loss is at 64.5 sen (10% downside risk).
Due to exchange losses and higher tax provisions, the company's net profit in the third quarter of fiscal year 2022 was 900,000 ringgits, a 91% drop from the previous quarter; the net profit for the first nine months fell 5% year-on-year to 20.4 million ringgits. The market generally expects that JHM Technology is expected to record a net profit of RM18.9 million and RM48.4 million in fiscal years 2022 and 2023, respectively, and the estimated price-to-earnings ratio is equivalent to 21.2 times and 8.3 times, respectively.
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....