Morning ... checking on KESM this morning as I m 'impressed' with the way it's crashing ... it is cheap to buy?
KESM : based on the monthly chart (since listed) ... RM2 or below would be good entry!! Current price is RM3.68 ... so ... we shall check again if we could see RM3.
KESM weekly : RSI below 20, good but not time to buy yet. Recently QR out ... bad. Losing money!!
site : KESM Industries Berhad
Check these quarterlies ya ... could they sustain to be LOSING so much? WHY? OSAT not doing well? How about Inari or Unisem doing? MPI and Gtronic? Are they losing money too? hmmm...
OSAT : Outsourced semiconductor assembly and test services is the industry term for the provision of specialist manufacturing and testing services to semiconductor businesses. To assemble, package, and test integrated circuits (ICs) and other semiconductor devices, semiconductor manufacturers employ OSAT companies.
Here the list vs 'peers' ...leaders are MPI and Inari. Taken from "isaham".
link : iSaham Stock Screener
note : I do not have interest to trade DOWN-TRENDING stocks. This post is for my own checking if KESM is cheap enough for me to buy-hold ..
crash is a BUY but check the fundamentals. WHY it crashed so much?
TEH
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