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KLSE Equity Analyst
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Fame: 19
Joined Jan 2024
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KLSE Equity Analyst replied to comment on OASIS.
2 months
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Called it, and still going strong.
Consolidation in the 4.60 range. As long as 4.60 holds, long term trend stays intact.
Managament should bow their heads in shame for their inactivity. Not working in the interest of shareholders.
Testing bottom of the trendline, closely watching this one.
Recovering 200DMA and holding it is key to recovery toward 50dma at 4.44. If not, trouble ahead.
Watch the 200DMA at 4.27 right now. if it breaks substantially for more than few days there is a pain ahead.
Great Q report with bumper dividend. Shooting through 50 and 200 DMA today on big volume, lets see if the candle holds and we move closer to 52 week highs or if TIME retreats by end of trading day.
Not connected but I will open a long term position soon, its too cheap to ignore at this prices. Profitable, never made loss in 2 decades, no debt, trading below cash on hand which is gila. Last quater was solid, I think the market is sleeping on this counter and one day it will wake up. Downside is low trading volume, liquidity and the reputational damage from YNHP saga.
Terrible annual report, company survives by selling off it's best assets. No turnaround insight, new auditor issued qualified opinion, and as per the report the authoriti investigation still ongoing. Debt reduced but cost of debt servicing still tremendously high while the board still pays itself handsomely. 50/50 change of long term survival, fundamental analysis does not work here.
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