KLSE (MYR): DSONIC (5216)
You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!
Last Price
0.40
Today's Change
+0.005 (1.27%)
Day's Change
0.39 - 0.40
Trading Volume
1,266,300
2024-11-12
2024-11-12
2024-11-07
2024-11-07
2024-11-05
2024-11-05
2024-11-05
2024-11-05
wallstreetrookie
9,784 posts
Posted by wallstreetrookie > 2020-10-15 20:51 | Report Abuse
I do not see any catalyst for this company. Dsonic feels like another HLT/Karex for gloves. Price goes up because bigger monopolies like TopGlove and Supermax go up. TA chart also looks pretty bad. Problem with MyEG is the much-dreaded RM1.50 resistance. Problem with this counter is the lack of catalyst and bad management. Also, to put things to perspective, Dsonic PE= 28.03 MyEG PE=19.8
MyEG net profit: 63.06M Dsonic net profit=4.78M
Also, note that buying these two companies isn’t the same as investing in tech companies like MPI, Penta, TimeCom, Frontkn and Greatec. These two companies are merely contractors for the government. So basically the projected earnings for both companies are very similar. Dsonic good for trading buy (NIIS not confirmed, but still possible with low probability). MyEG good for swing trading (NIIS confirmed). None of these companies is good for long-term investment IMO. Dsonic lost my faith because they issued bonus shares and split at such low price. Also shit management from several testimonials of employees and personal due diligence. Low growth potential. (Same issue with MyEG)