TIENWAH (7374) - wrong anticipation due to news @ 21/07/2017


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Quoted from theedgemarkets.com

KUALA LUMPUR (July 20): Following the closure of British American Tobacco Group's factory in Petaling Jaya, Tien Wah Press Holdings Bhd is planning to stop its printing business in the country held under its wholly-owned subsidiary, Tien Wah Press (Malaya) Sdn Bhd (TWPM).

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Technical Analysis

  1. 150 MA 50 MA 30 MA bearish

  2. MACD strong bullish

  3. RSI strong bullish

  4. As per last 4 trading days, selling pressure become lower.

  5. Based on last 4 years record, the group will announce dividend payout in early of August

Strategic

  1. Due to 150 50 30 MA become bullish

  2. Shifting production from Malaysia to Vietnam and Indonesia will incur one time costs and EPS will decrease accordingly.

  3. Hold and wait for further information to generate further investment ideas.

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