Undervalued gem & under looked with DIVIDEND YIELD : 2.65
KARYON has been trading above its upward sloping 20-Day Moving Average which is a good sign indicating players enthusiasm to see it moves higher. Furthermore, the next resistances are 0.185 & 0.20. Monitor for the breakouts
52-week : 0.08 - 0.20
So if it is able to break 0.20 conclusively, then we should see a higher level possibly 0.25/ 0.30
Thus with increase in demand of face mask due to COVID19, KARYON would be roped in to fulfill this demand by supplying more of the plastic polymers required for the industry
Quarter Results (QR) has been approved to be released by 30 June 2020 as per announcement by the company dated 22 May 2020 TRADE AT YOUR OWN RISK.
The above is just my personal opinion & observations for learning purposes & should not in anyway be construed as a "BUY CALL".
Today my factory manager order a lot of Veriducal Disinfectant chemical to office, for sanitizing the entire office and warehouse area. Then I look at the brand, is under Karyon brand, the manufacturing by Hsing Lung Sdn Bhd. Then I further google search, realised that Hsing Lung is wholly owned by Karyon.
That mean, Karyon is the benefited from Covid-19. Why no body discover this?
i. 1st class stocks r GLOVES on klse now ii. 2nd class stocks getting ready to fly high starting mid next week r: KARYON ADVENTA HLT BCMALL OCNCASH LKL ESCERAM HEXZA NYLEX LUXCHEM
Closing was strong at 21.5c with high volume buy from 20c to 21.5c during last 30 minutes. If DJI stay and close green, tomorrow going to be an interesting day for this counter.
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....
Seabiscuit
238 posts
Posted by Seabiscuit > 2019-12-09 13:12 | Report Abuse
Hope so! Good Man! A real under performing stock!