WTHORSE (5009)

Technical Analysis

1. 150 MA 50 MA 30 MA bullish but they are very close to each other. Any single day with decrease of shares price will impact the MA.

2. MACD bearish.

3. RSI bearish.

4. Support point (1) 1.94 & Support Point (2) 1.92.

5. Resistance point (1) 1.99

Fundamental analysis

1. Proven track record in marble manufacturer.

2. NTA RM 3.37

3. Stable Dividend payout for last 8 years

4. DY more than 5%

5. 1st quarter of Revenue 2017 hit 20% of Revenue 2016.

6. Due to slow down in Malaysia Construction Output compare with 2016, WTHORSE might not record good financial position in 2017.

Strategic

1. Good to hold in long term.

2. Save zone to buy in on/below RM 1.94

#WTHORSE5009