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This is a counter with good business foundation, solid financial and most importantly good cashflow as observed from the QR. We can see a good sales conversion cycle. With a good sales projection from Perodua and stabilizing material cost, quite reasonable for this company to propose a optimistic outlook. Technical wise, it is oversold and gradually movingup. I consider to chip in at 0.475 to try my luck since I have some bucks after selling HUPSENG.
Welcome all to discuss below! If you like my post, do follow me here, it gave me motivation to continue writing and sharing my ideas at here. Note that this is not buy/sell recommendation, you should do your own research, form your own view for any buy/sell action in the market. Thank you.
