@Eagle - almost all counters also you said HANCUR ! wonder what counter is not HANCUR ! please share. By the way, i don't hold any shares in this counter ..
If Hubline Berhad (KLSE: HUBLINE) were to hit the breakout price of RM0.175, it could indicate a significant turning point for the stock. Here's what might happen:
Increased Investor Confidence: A breakout above the RM0.175 level could signal a bullish trend, potentially attracting more investors and increasing trading volume.
Positive Market Perception: Such a breakout might improve the company's market perception, as it could be seen as a sign of strengthening financial performance or positive industry trends.
Technical Indicator Shifts: The Relative Strength Index (RSI) could move from oversold to overbought territory, indicating a potential upward momentum in the stock price.
Analyst Reactions: Analysts might revise their price targets and estimate upward, which could further propel the stock price due to the increased demand from investors following positive recommendations.
Fundamental Reevaluation: If the breakout is accompanied by positive earnings reports or strategic industry developments, the stock's fundamental value might be reevaluated, potentially leading to a higher intrinsic value.
Risk Considerations: It's important to consider the risks associated with a breakout price, such as the company's financial health, industry challenges, and market conditions. The stock could face resistance at higher price levels, and a failure to sustain the breakout could lead to a price correction. In conclusion, if Hubline Berhad were to hit the breakout price of RM0.175, it could be a significant event for the stock, potentially leading to increased investor interest and positive market reactions.
However, it's crucial to consider the company's fundamentals and the broader market context to make informed investment decisions.
Moving Averages: The moving averages for Hubline Berhad show a generally positive trend with some fluctuations.
short-term moving averages (MA5, MA10, and MA20) suggest a strong bullish trend, while the longer-term moving averages (MA50, MA100, and MA200) show a more stable upward trend.
Technical Indicators: The Relative Strength Index (RSI) is at 60.713, which is considered overbought and suggests that the stock may be due for a pullback or consolidation.
The Stochastic Oscillator (STOCH) is at 40.476, which is in the oversold territory and suggests that the stock may be due for a bounce back up.
The Moving Average Convergence Divergence (MACD) is at 0.01, which is positive and suggests bullish momentum.
The Average Directional Index (ADX) is at 100, which is considered overbought and suggests that the stock may be due for a trend reversal.
The Williams %R is at -57.143, which is in the oversold territory and suggests that the stock may be due for a bounce back up.
The Commodity Channel Index (CCI) is at 94.4735, which is positive and suggests bullish momentum.
The Ultimate Oscillator is at 56.684, which is positive and suggests bullish momentum.
The Rate of Change (ROC) is at 100, which is positive and suggests bullish momentum.
The Bull/Bear Power is at 0.032, which is positive and suggests bullish momentum.
In conclusion, the technical indicators for Hubline Berhad suggest that the stock is currently overbought and may be due for a pullback or consolidation in the short term. However, the longer-term trend remains positive. Investors should consider these indicators and the potential for a pullback or reversal in the short term before making investment decisions.
the breakout price for Hubline Berhad would likely be around $0.07,
as this is the current price above the short-term and medium-term averages.
Investors should consider these different time frames and the stock's position relative to each moving average to make an informed decision about the potential for a breakout.
It is understood that five companies are in negotiations with Petronas for a slice of the pie, but the big three are believed to be businessman Tan Sri Syed Azman Syed Ibrahim’s Weststar Aviation Services Sdn Bhd, Armed Forces Fund Board (LTAT)-controlled Boustead Holdings Bhd’s MHS Aviation Bhd and Sarawak-based Hubline Bhd’s 51%-owned unit Layang Layang Aerospace Sdn Bhd.
Layang Layang is 51%-held by Hubline, 15% by Rotorwing (M) Sdn Bhd, 14% by Dayang Majanga @ Mondongi, 10% by Wong Chong Kwang, 5% by James Ibrahim and 5% Johan Poong Abdullah.
For its financial year ended September 2023, Layang Layang chalked up after-tax profits of RM4.21 million on the back of RM91.83 million in revenue. The company had total assets of almost RM101 million, and its total liabilities were RM71.68 million.
On its website, Layang Layang says it has 21 fixed-wing aircraft, or small planes likely used for flying doctors, among others, and 15 rotary-winged aircraft, with bases in Kota Kinabalu, Kuching, Sibu, Ipoh, Johor’s Senai Airport and Miri.
Hubline had acquired the 51% stake in Layang Layang in May 2019 for RM14.19 million.
HUBLINE'S LATEST QUARTERLY REPORT FOR THE PERIOD ending September 30, 2024 INDICATES A POSITIVE REVENUE TREND, ROBUST PROFIT MARGINS, AND A STRONG COMMITMENT TO SHAREHOLDERS RETURNS...
THIS CONTRIBUTES TO THE COMPANY'S ATTRACTIVE INVESTMENT PROPOSITION AND REINFORCES ITS POSITION IN THE INDUSTRY...
Helang memang tak berus gigi. Banyak busuk. Cakap sampai Hubline turun tapi saya banyak suka. Baru makan lagi 500k. Tunggu 0.04 parking makan lagi 500k. Sedap.
Weststar Aviation menang kontrak RM16.5 Billion untuk sewakan 28 helikopter kepada Kerajaan Malaysia, untuk 15 tahun. Hampir RM40 juta setahun untuk setiap helikopter.
So Hubline lost again in billions tender ⬇️⬇️⬇️🩸🩸🩸
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....
wssvin
48 posts
Posted by wssvin > 2024-09-22 20:11 | Report Abuse
fully agree with Eagle77.. rubbish stock back to 0.03