Revenue Group consolidated and tested the RM1.93 resistance level. With its RSI indicator in an uptrend, coupled with a higher trading volume, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM2.04 and RM2.10. The downside support is projected at RM1.76. Traders are advised to exit on a breach to avoid further losses.
Top 24 shareholders own 50.6% of Revenue Group Berhad
Shih-Chiow Ng 12.04% Shih-Fang Ng 11.5% Chee-Siong Ng 11.12% Kenanga Investors Berhad 5.52% Public Mutual Berhad 3.28% PMB Investment Berhad 1.67% Lai Keat 0.91% Pertubuhan Peladang Kebangsaan 0.83% Principal Global Investors, LLC 0.6% Libra Invest Berhad 0.51% See Min Chan 0.43% Chung Ming Low 0.39% Kenanga Islamic Investors Berhad 0.3% Ming Sang Fong 0.28% Yu Kiong Kong 0.27% BIMB Investment Management Berhad 0.23% Yeng Nee Lim 0.22% Teck Loong Tan 0.18% Mitsubishi UFJ Kokusai Asset Management Co., Ltd. 0.11% Nor Bin Abdul Jalil 0.054% RHB Asset Management Sdn Bhd 0.054% TA Investment Management Berhad 0.05% Dimensional Fund Advisors L.P. 0.04% Guan-Hoe Ooi 0.025%
E-wallet by cimb also partner with Revenue la. Duit Now QR is using Paynet. Paynet also under Revenue lo. Means no matter thru Physical terminal payment or virtual payment or hybrid payment. Revenue also will be beneficial. This counter is for long term la. Not for short trade.
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....
wkchia71
15 posts
Posted by wkchia71 > 2021-08-02 09:29 | Report Abuse
Revenue submitted application for digital bank.
http://www.insage.com.my/ir/cmn/AnnouncementAlert.aspx?NewsID=202108025000001&Symbol=0200&Theme=99