Technical Analysis
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- Support Level (1): RM0.9900
- Support Level (2): RM1.2000
- Resistance Level (1): RM1.2490
- MACD: Overbought & Higher Buying Momentum
- RSI: Overbought
- CSCSTEL shares price starts parallel downward trend since 19.05.2017 with -50%
- Based on current trends, CSCSTEL shares price still unable to overcome the downward trends
- There are a gap downward on 22.10.2018.
- CSCSTEL bounced back at bottom parallel line and tried to close the price gap on 22.10.2018. However, there are no huge volume support it.
- Expecting CSCSTEL will have a longer consolidation period before overcome the gap.
Fundamental Analysis
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- Target Price in last 3 months: RM1.2700
- EPS & PE CSCSTEL are better than average of market EPS & PE
- However, ROE CSCSTEL is lower than average of market ROE.
- Company revenue is getting better in past 3 years
- But company profit is decrease sightly in YoY due to high production costs.
- CSCSTEL EPS is decrease YoY with stable PE.
- Company ROE is decreasing in past 3 years.
- With current economic outlook, CSCSTEL will have a great challenge in near futures to generate better ROE and Profit.
Sources:-
- https://www.tradingview.com/x/ZfW4wfWJ
- https://klse.i3investor.com/mqtrader/sf/fa/financials/5094#Annual-ROE
- https://klse.i3investor.com/servlets/stk/pt/5094.jsp
- http://www.klsescreener.com/v2/stocks/view/5094/csc-steel-holdings-berhad