PublicInvest Research

TECHNICAL BUY: JTGROUP (0292)

PublicInvest
Publish date: Mon, 20 Jan 2025, 09:26 AM
PublicInvest
0 11,510
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: JTGROUP

Key Technical Analysis
Last closing price: RM0.480
Support Level Share Price Resistance Level Share Price
1st Support 0.440 1st Resistance 0.510
2nd Support 0.400 2nd Resistance 0.540
3rd Support 0.365 3rd Resistance 0.570

Description

JTGROUP provides infrastructure utilities engineering solutions, mainly supporting electricity supply industry in Malaysia.

Fundamentals

Since its listing on the ACE Market on 20 Dec 2023, the Group has secured 9 new contracts worth approximately RM269.7m as of Sept 2024. The Group expects to secure more projects in the near future.

Key Financial Data
Growth / Ratio FY21 FY22 FY23
Revenue growth (%) -14.43 143.34 -50.97
Normalised net income growth (%) -4.20 26.60 -56.44
Return on equity (%) 32.41 29.92 10.59
Return on asset (%) 8.48 9.32 3.19
Price earnings ratio (x) - - -
Price to book ratio (x) - - -
Debt to equity ratio (%) 61.48 45.42 44.46

Source: PublicInvest Research - 20 Jan 2025

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