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Quoted from theedgemarkets.com
KUALA LUMPUR (July 20): Following the closure of British American Tobacco Group's factory in Petaling Jaya, Tien Wah Press Holdings Bhd is planning to stop its printing business in the country held under its wholly-owned subsidiary, Tien Wah Press (Malaya) Sdn Bhd (TWPM).
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Technical Analysis
150 MA 50 MA 30 MA bearish
MACD strong bullish
RSI strong bullish
As per last 4 trading days, selling pressure become lower.
Based on last 4 years record, the group will announce dividend payout in early of August
Strategic
Due to 150 50 30 MA become bullish
Shifting production from Malaysia to Vietnam and Indonesia will incur one time costs and EPS will decrease accordingly.
Hold and wait for further information to generate further investment ideas.