Quarter report released date:28 Feb 2017
I wrote this company last quarter, but I sold it after share price reached new high and I though the PE is too high also
Share price
- Current share price RM0.555
- RM0.60/RM0.565 are resistance level
- Around RM0.51 is support level
Financial performance
- Other income RM717,697
- After deduct other income, the true profit is RM2,546,847. Profit lower than last quarter
- Revenue increased 12.37% qoq and decreased 1% yoy
- And according to past result, Mikromb enjoyed a high profit margin
- Net cash company
- The group only mentioned sales decreased compared with last year corresponding quarter was due to lower sales from oversea
Comments:
According to these past result, Mikromb is a good company, however the share price already high, so enter at this point consider high risk
Unless you are highly confident that Mikromb will continue grow for the following quarter, as share price is start to adjust back
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