KUALA LUMPUR (May 21): RHB Retail Research said JHM Consolidated Bhd is likely resuming its upward move, following the recent retracement that saw it testing the 21-day SMA line with a low of 85.5 sen .
In a trading stocks note today, the research house said a positive bias may emerge above 85.5 sen, with resistance points pegged at 96 sen, followed by RM1.00.
JHM before Covid-19 hitting US already ⬇️ (MYR) Dec 2019 Y/Y Revenue 69.89M 5.76% ⬇️ Net income 7.73M 34.18%⬇️ Net profit margin 11.07% 30.11%⬇️
Q1&Q2 2020 is ⬇️⬇️ for all US automobiles market, GM Ford is their end customers ⬇️⬇️⬇️ Need to wait till Q1 2021 for Covid-19 vaccine could mass Pro and inject into human body before automobile market could normalize. (Malaysia April car sales down by 99% only 141 units sold - serious ka!!) ** This counter aim for long term OK, if want to make quick money sorry man!
totally agreed with you, yyt0904. I believe in JHM management and MOU signed plus more PO come in this year onwards. Both the automotive and industrial segment is good for long run. These markets with high entry barriers and the company become main board this year.
"The Board of Directors of the Company wishes to inform that the business relationship between UACE and JHM continues to strengthen since the signing of the MOU. JHM has been identified as UACE’s top supply chain performer in Asia Pacific Region. In line with that achievement, we have been invited to participate in a much larger than before Request For Quotation (RFQ) exercise which we have completed very much ahead of its deadline.
This announcement is dated 25 March 2020."
UACE is a big company with 1800 employees. Looking forward for the PO amount.
Adoi... US car rental company either declared bankruptcy or selling a big chunk of their cars in used car market now, dun expect this counter to ship more to their US customers now!! But I will throw in $$ below 0.65 as a long term investment lor.
Can collect around 0.80-0.85. And cut loss at 0.78. As new support is 0.79. Previous support is 0.0.855 already broken. I won't say it fully rebound until it's can stay above 0.9 several days.
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cincai56
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Posted by cincai56 > 2020-05-21 08:03 | Report Abuse
https://www.theedgemarkets.com/article/jhm-consolidated-likely-resuming-upward-move-says-rhb-retail-research