KIMLUN trade ideas
Triangle Continuation BreakoutWe notice a breakout above the Symmetrical Triangle, hence we expect further bullish movement towards our target at 1.175. Nearest support is seen on the apex of the triangle at 0.835. Price movement below S2 will negate the whole bullish view.
Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
<TradeVSA> Shakeout in KimLun?Strength in the chart:
1. Formed Spring bar
2. Almost back to support
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
<TradeVSA> Kimlun Continue to hold above supportStrength in the chart:
1. Confirmation of accumulation on background
2. Staying above gap with spring
3. Downbars with low volume
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
<TradeVSA> Daily Update for Market and Stock Ideas 1. FTSE Bursa Malaysia KLCI
2. FTSE Bursa Malaysia Small Cap
3. United U-Li
4. WCE
5. Karex
6. Padini
7. Inari
8. Econpile
9. KimLun
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Kimlun’s net profit droppedFor QE30/6/2018 (2Q2018), Kimlun’s net profit dropped 22% q-o-q or 33% y-o-y to RM10 million while revenue was mixed - dropped 1% q-o-q but rose 12% y-o-y to RM218 million.
Revenue dropped 1.3% q-o-q but profit after tax dropped 22% or RM2.76 million due to sharp drop in Group’s gross profit of RM3.34 million or 12.2% due to lower gross profit margin achieved by the construction division due to projects mix with higher composition of lower margin projects. The impact of a declined construction gross profit margin was partly offset by the improvement in the M&T GP margin. The improvement in manufacturing & trading ('M&T') gross profit was mainly due to the better margin precast concrete products contributed a higher proportion of M&T sales during in 2Q2018.
Although a slightly weaker financial performance, Kimlun is a good stock for long-term investment based on clear earning visibility, reasonably healthy financial position and fair valuation.
