PublicInvest Research

TECHNICAL BUY: DANCO (5276)

PublicInvest
Publish date: Mon, 20 Jan 2025, 09:26 AM
PublicInvest
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An official blog in I3investor to publish research reports provided by PublicInvest Research team.

All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp

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: DANCO

Key Technical Analysis
Last closing price: RM0.440
Support Level Share Price Resistance Level Share Price
1st Support 0.430 1st Resistance 0.465
2nd Support 0.405 2nd Resistance 0.485
3rd Support 0.380 3rd Resistance 0.505

Description

DANCO is primarily involved in the trading and distribution of process control equipment and measurement instrument.

Fundamentals

The Group remains focused on driving sales and profits while addressing risks such as weak demand, supply chain, and cost pressures. Efforts are also directed toward exploring opportunities for acquisitions and collaborations to enhance profitability.

Key Financial Data
Growth / Ratio FY21 FY22 FY23
Revenue growth (%) 72.93 3.20 -0.09
Normalised net income growth (%) 4.81 9.15 15.72
Return on equity (%) 11.12 10.14 10.14
Return on asset (%) 7.61 6.92 7.07
Price earnings ratio (x) 10.80 9.88 8.70
Price to book ratio (x) 1.14 0.87 0.90
Debt to equity ratio (%) 7.10 8.58 7.47

Source: PublicInvest Research - 20 Jan 2025

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