Future qtrs moving forward prospects can only be upsides. I don't see how this stock should suffer when domestic travel opens up and demands for its services gradually increases.
Since 12 Jul 2021, the stock has consolidated and built a new base within the 61.8% Fibonacci Retracement level. However, the consolidation is set to end as the stock started to form a new higher structure right above both 20 & 50-day EMA lines. Last Friday’s gain along with a bullish reading in the DMI signals the new uptrend is set to accelerate further in the near term.
Most of its revenue is earned through its facility segment from Malaysian market, while it also has a presence in Singapore, UAE, and other countries. The rate of vaccination Malaysia, singapore and uae are already high
Not sure why everyone is rushing to the exit point. Commendable performance considering lower turnover but still remain profitable. As lower turnover is due to MCO lockdown, by no means is the company fault. Next quarter should see rebound in profits as business activities back to normal. Solid Company with excellent cash collection as cash in bank increase by 20 million compare with previous quarter. Micro cap company with almost 100 million net cash. Definitely a bargain to invest for long term. Short term price negativity provides excellent opportunities to invest more.
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New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2904 views | 2 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
koby123
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Posted by koby123 > 2021-09-30 12:17 | Report Abuse
huat chai!!!!!