PublicInvest Research

TECHNICAL BUY: MBRIGHT (2097)

PublicInvest
Publish date: Mon, 16 Dec 2024, 08:42 AM
PublicInvest
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An official blog in I3investor to publish research reports provided by PublicInvest Research team.

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PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718

Technical chart: MBRIGHT

Key Technical Analysis
Last closing price: RM0.140
Support Level Share Price Resistance Level Share Price
1st Support 0.130 1st Resistance 0.155
2nd Support 0.120 2nd Resistance 0.170
3rd Support 0.105 3rd Resistance 0.185

Description

MBRIGHT operates across various sectors, including hospitality, investment property, property development, energy, leasing and financing, and the concrete business.

Fundamentals

The Group aims to enhance the hotel's building and facilities to stay competitive in hospitality segment.

Key Financial Data
Growth / Ratio FY22 FY23 FY24
Revenue growth (%) 22.99 32.53 202.77
Normalised net income growth (%) 97.74 - 424.09
Return on equity (%) 3.50 4.35 4.23
Return on asset (%) 1.96 3.09 2.63
Price earnings ratio (x) 14.22 40.48 36.36
Price to book ratio (x) 0.68 1.67 1.47
Debt to equity ratio (%) 13.93 11.44 48.81

Source: PublicInvest Research - 16 Dec 2024

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