BCMALL’s share price went into congestion phase in the past five weeks, while having support level well lifted by a gap-up window. Putting “buy the dips” strategy into practice, easing RSI and MACD indicators currently signal reasonable entry level. Should the price movement then rebound and resistance level of RM0.245 be genuinely broken, it may continue to lift price higher to the next resistance levels of RM0.255 and RM0.275.
However, failure to hold at support level of RM0.220 may indicate weakness in the share price and hence, a cut-loss signal.
Have a question: Can anybody enlighten me, why Profit before tax for Commercial Laundry equipment for the period of Q42016 only RM50K, with revenue of RM9.133m? Whereas the gross margin for cumulative Quarter ended 31Dec2016 & 31Dec2015 range from around 11-15%.
Referring to: Unaudited 4Q2016 Results: A7 (Page 11/Notes To The Interim Financial Report)
@engeng I dint remmeber exactly, but if im not mistaken from the report, big one off expenses comes from listing cost, and high administrative cost. Nxt qr report, the listing cost shud be none anymore, but the admin cost must be reduced WITH increase rev and profit margin before its reasonable to buy. My 2cent
I decided to buy in becoz 2 reason 1) TA-wise, 220 seemed to be holding nicely for past few days prior to quarter release 2) News from bursa directorS(not just 1 but like 5-6 person in the list) want to deal during closed period. All those directors have shares except 1 women dint have any shares yet her name is der(means shes definitely buying not selling since she doesnt hold any).
However i consider im taking more risk in this trade. Will review once quarter out or support 225 breached.
DInt remember exactly where, but each laundry have to operate around 2-3 years to break even. Which means theres relatively big-chunk used there for each laundry outlets. To be able to open 2 new outlet and yet still able to improve on profit means good signs moving forward. Both segment shows improvements. Keep on eye their quarter report. i think im keeping this for another quarter.
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....
willian88
320 posts
Posted by willian88 > 2017-05-03 15:50 | Report Abuse
谢谢Taico88 大哥。