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AME ELITE CONSORTIUM BERHAD

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AME trade ideas

AME = Pre Consolidation BreakoutTHIS IS NOT AN INVESTMENT ADVICE. TRADE CALLS ARE NOT PROVIDED. INFORMATION SHOWN ARE FOR TECHNICAL ANALYSIS PURPOSE. DISCLAIMER Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any recommendations and not to cause inducement to the public to take action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives. The author will never provide any investment or trading advice as the activity of giving investment advice is likely to be considered as a regulated activity under the Capital Markets and Services Act 2007 ( CMSA ). All posts made in Tradingview do not include any communications involving providing recommendations or opinions or includes any material, content or any statement which are likely to induce a person to take any action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives that is likely to be considered as “advising others concerning securities or derivatives”. The author will not recklessly make any statement, promise or forecast that is misleading, false or deceptive to induce or attempt to induce another person to deal in securities or derivatives. None of information posted in post can be used as investment decisions. Do not trade solely on the information posted. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
ALong
by DrArifMokhtar
EASY123 Prediction @MYX AMEPrediction: Sideway to Rally (When it breaks 1.89) Target Price: R1=1.98-2.00, R2=2.18-2.22 Support/Cut Loss: S1=1.76, S2=1.66 *Trend direction: UPTREND - Higher-High & Higher-Low positive movement *Price moves strongly above our Lifeline (Redline) *Turning points (White-candle) have appeared on 14-Aug, an indication of the price revert to upward direction. *Take-off zone (Yellow-candle & Bell-alert) appeared on 21 & 24-Aug, an indication of price rally zone to be started. *Disclaimer: This is not a Buy or Sell suggestion but solely sharing the information...Trade at your own risk. *Preference Strategy: Swing trading (Follow the BUY/SELL Signal respectively). *Reminder TP & CL is an individual preference & decision. No fixed rule or guideline for it. *If you are interested in our trading template. Feel free to drop us a message, we are happy to share with you. Signal's Interpretation: BUY Signal:- *Green-Background = Uptrend *BT-Yellow-Diamond = Bottom signal. *Green-Upward-Triangle = Potentially a Bottom signal. *White-Diamond = Strong upward momentum accelerator. *White-Candle = Turning point or a trend reversal. *Yellow-Candle + Alert-Bell = Potential Price take-off area. SELL Signal:- *Red-Background = Downtrend. *Red-Dot = Potentially a Top signal. *Blue-Candle = Potential price selling off area.
ALong
by Simply_Is_Beauty
top 20 jewel series of malaysia stocks : AME elite consortiumtop 20 jewels frm a very popular local bank... fundamental : I don't know... technical : let's look at some price action... AME is newly listed in 2019, not quite much movement yet...basically, it is in sideway trend...now it has come to a critical level at RM1.70 support level and has been hanging there since May...lingering abt 1-2months...if the support level holds, then it shall retest the previous high at RM1.90-2.00."The Big Fall" in mid March this yr sent it to the new low at psychological level at RM1.00... current support : RM1.70 lower support : RM1.30 strong support : RM1.00 resistance : RM 1.90-2.00 waiting to see if the current support RM1.70 actually holds or not...risk-takers can buy little bit here...and set SL abt RM0.10 below it... risking RM0.10 to gain a possible RM0.20-0.30 seems to be a gud risk reward... WARNING : this is juz a trading idea...trade at your own risk! plz like and share...
ALong
by HAIDOJO_trading
AME Potentially 30% to ATH and beyondAME Elite Consortium Berhad, involves in the construction sector with more than 25 years operating history. Part of their projects includes chemical plants, factory industry, warehouse and real estate solutions. Fundamentally, its a good company financially Market cap: 691m Last price: RM1.62 PE Ratio: NA ROE: NA NTA: RM1.45 Financially, during the last quarter the company made net profit of RM49mil with profit margin of 17%. No further data available to date which you have to open the last quarter report for more info "KUALA LUMPUR (April 3): AME Elite Consortium Bhd’s potential sales are likely to be realised, albeit at a later stage due to Covid-19. Affin Hwang Capital Research said in a note that the construction company had indicated it had four new customers from China that were interested in setting up manufacturing plants in i-Park @ Indahpura. However, travel restrictions placed by the government led to a delay in signing the sales and purchase agreements for land sales. “Hence, this will adversely affect property sales in the fourth quarter ended March 31, 2020 (4QFY20). But we gather that the potential sales will go ahead and the delay in completing the sales only represents a timing difference in sales recognition. Hence, we expect core net profit to fall 32% quarter-on-quarter (q-o-q) to RM11 million in 4QFY20,” the research house said. The research house added that AME is seeing higher demand for its purchase and lease industrial properties in i-Park @ Indahpura and i-Park @ Senai Airport City (SAC) from foreign firms based in China, Singapore, Australia, Hong Kong, Japan and the US. As it stands, its construction orderbook of RM349 million and unbilled property sales of RM121 million will beef up FY21 earnings. However, its earnings growth is contingent on the success rate of its RM470 million in current tenders and sales of its remaining property gross development value of RM1.5 billion. A Singapore-based pharmaceutical company has agreed to set up a large manufacturing plant on a seven-acre site at i-Park @ SAC. As such, given the rising demand for gated and guarded industrial properties, AME is exploring potential joint-venture opportunities with landowners to develop i-Park industrial parks in Penang and Selangor. “We assume new contract wins of RM427 million/100 million/100 million and property sales of RM140 million/100 million/140 million in our FY20/21/22E earnings. We believe AME is relatively more resilient in replenishing its order book and sustaining property sales due to robust industrial property demand. Maintain ‘buy’,” the research house said while maintaining its target price of RM1.52 on the counter." On the technical point of view, we see a number of resistance based on the historical trending, but it has been steadily uprising. "Trend is your friend until it bend when it end"
ALong
by mahsyarsaid