yx777

Ready to take off?

Long
MYX:SUPERLN   SUPERLON HOLDINGS BHD
Superln is one of the rare company which showed +ve NPM for all quarters since 2015; strong fin. health and fat asset (NCAV, NNWC); and yet considered undervalued (PB<1), unlike supermx.
The TP and whether-or-not it can rise back to its peak (~RM3 @Aug'17) are still questionable because its segment was not in trending (i.e., gloves, med, ICT) atm.
Looking at the technical trends, Superln seems like charging up (fuel = increasing OBV ) and ready to take off to next lvl.
If its true (and for those who considering long term), lets give it another 2.5 yrs (radius) time to see if it can be a huge cup-and-handle (1st peak at Sept'17, bottom at ~March'20, 2nd peak approx. Aug'22)**.
**Note: It may be true if the % Net Profit Margin remain consistent. (if the performances revamped, we can expect to see the peak earlier; otherwise, it may not realized). Keep an eye on the Q report and we shall see.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.