market already used to goreng counter instead of invest, hahaa.. just simply compare with other coivd-19 related ACE hot counters like LKL and HLT. You will be shocked how undervalue this counter is and how overvalued those two counters is lol... Just simply use the conventional method of EPS*PE.
Only problem is Mtag keep too much cash in fixed deposits. Company should utilize it to expand their businesses instead of keep in bank for less interest. Perhaps the management have their own plan, let's expect for their AR.
Have to wait Mtag wash out all the negativity and short sighteness player first before Mtag can limit up and stablize like Penta and Vitrox in one day.
RHB Retail Research said MTAG Group Bhd is showing a good sign of staging a reversal following the three-week’s retracement. In a trading stocks note today, the research house said towards the upside, a positive bias may emerge should the stock be able to cross above the 52.5 sen resistance, also located near the 21-day SMA line. “The following resistance levels are marked at 56.5 sen, followed by 60 sen.A stop-loss can be placed below 50 sen, it said.
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....
Baby Shark
5,920 posts
Posted by Baby Shark > 2020-06-23 17:06 | Report Abuse
Rm2.00 also cheap..