Frontkn - Solid Fundamental with 45% potential ROI to ATH
Frontken is a leading provider of support services to the semiconductor industry, surface treatment and mechanical engineering solutions, serving a wide-range of industries such as Semiconductor, Oil & Gas, Power Generation, Marine and more.
Fundamentally strong with good track of financial record. The company is ni steady positive cashflow since 2016 onwards. Due to COVID-19, the price has moved to a state of undervalued.
As of now the price is moving steadily towards the all time high with major resistance appearing at few points long the historical COVID-19 gap down area. The opportunity we should take is that the price move aligned closed to the support area with steady volume coming to push the price up.
As the history will repeat itself, potential of 45% return to the resistance of ATH at RM4.86.
Fundamentally strong with good track of financial record. The company is ni steady positive cashflow since 2016 onwards. Due to COVID-19, the price has moved to a state of undervalued.
As of now the price is moving steadily towards the all time high with major resistance appearing at few points long the historical COVID-19 gap down area. The opportunity we should take is that the price move aligned closed to the support area with steady volume coming to push the price up.
As the history will repeat itself, potential of 45% return to the resistance of ATH at RM4.86.