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.
It will hit 4x sens next year when great recession coming , the safetest way is to cut loss now n buy back at 4x sens later ! Shorterm very very hopeless for this stock !
◤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.
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S_ken
143 posts
Posted by S_ken > 2022-08-26 10:42 | Report Abuse
seems like the result going to be a bad one