Approximately 80% of MTAG’s revenue is contributed by electronics manufacturing services companies, namely ATA IMS Bhd, VS Industry Bhd and SKP Resources Bhd, which serve an indirect key customer.
M+ Online Technical Focus - 3Aug22 MTAG Group Bhd: Improving production efficiency
Trading Catalyst • Leading labels and stickers printing and materials converting specialist in Malaysia with more than 600 customers, mainly in Malaysia. • Acquisition of the fully digital press printing machine that generates high-quality colour output at highspeed printing in August 2021 bodes well to improve production efficiency. • Prospective dividend yields at 6.1% and 8.2% for FY22f and FY23f respectively are also fairly attractive. • Technically, traders may anticipate for a potential short-term breakout above RM0.49 to target the next resistances at RM0.52-0.54 with long term target set at RM0.56.
MTAG is poised to scale higher after it underwent a bullish breakout, and pushed past the resistance point of MYR0.48. It went through a correction when it was trending below the 21- day SMA line. Crossing above the moving average line would indicate that a bullish bias has emerged. The bullish momentum should propel it towards MYR0.51, followed by MYR0.54. On the flip side, falling below the MYR0.45 support will negate the positive expectation and spark the start of a correction phase. https://klse.i3investor.com/web/blog/detail/rhbinvest/2022-10-27-story-h1651039003-Trading_Stocks_MTAG
Mtag has cash and bank balances, fixed deposits and other investment in unit trust amounting to RM128.80 million and zero borrowings as at 30 Sept 2022 - Source : Q1 Sep 22 Report dd 23 Nov 2022
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....
sychern
114 posts
Posted by sychern > 2021-11-27 18:47 | Report Abuse
Mtag good for long term investor