Sapura Resources Berhad, an investment holding company, engaged in the property investment, education, and automobile sale activities. It is involved in the rental of investment properties, as well as in the provision of higher education information technology related courses, and teaching and learning curriculum. The company also offers the sales and after sales services for BMW vehicles. Further, Sapura Rsources provides consultancy services, as well as develops and markets interactive multimedia solutions. Principally interactive multimedia solutions, operates in Malaysia and Australia. The company was founded in 1975 and is based in Seri Kembangan, Malaysia. Sapura Resources Berhad is a subsidiary of Sapura Holdings Sdn Bhd.
Latest 4 quarter, the company announced total earning 17.56sen per share, compare to last year 6.79sen (158% increased). The NTA of the company is Rm2.65, nearly 62% discount from the current market price.
Coming two quarter result should be positive due to low performance on Q1 and Q2 report last year and this will even give lower PE ratio to the company after the coming quarter result.
In the 5 years weekly chart, the candle has close above the MA69 line and standing strong near Rm 1 level after the price close below the MA69 line since last year October,
In the daily chart, we can see that someone started accumulating the shares around end of March and recently the stochastic slow also show going up signal.
If the price can close above Rm1.00 today, it will show more upside before it stay at another consolidate level.
Current price Rm1.01 (PE : 5.75)
Target Price: Rm1.20 ( PE : 6.83, 54.7% discount from NTA)
Happy Trading!
Regards,
Nick Loke
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