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CSCSTEL (5094)


Technical Analysis

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- Support Level (1): RM0.9900

- Support Level (2): RM1.2000

- Resistance Level (1): RM1.2490

- MACD: Overbought & Higher Buying Momentum

- RSI: Overbought

- CSCSTEL shares price starts parallel downward trend since 19.05.2017 with -50%

- Based on current trends, CSCSTEL shares price still unable to overcome the downward trends

- There are a gap downward on 22.10.2018.

- CSCSTEL bounced back at bottom parallel line and tried to close the price gap on 22.10.2018. However, there are no huge volume support it.

- Expecting CSCSTEL will have a longer consolidation period before overcome the gap.

Fundamental Analysis

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- Target Price in last 3 months: RM1.2700

- EPS & PE CSCSTEL are better than average of market EPS & PE

- However, ROE CSCSTEL is lower than average of market ROE.

- Company revenue is getting better in past 3 years

- But company profit is decrease sightly in YoY due to high production costs.

- CSCSTEL EPS is decrease YoY with stable PE.

- Company ROE is decreasing in past 3 years.

- With current economic outlook, CSCSTEL will have a great challenge in near futures to generate better ROE and Profit.

Sources:-

- https://www.tradingview.com/x/ZfW4wfWJ

- https://klse.i3investor.com/mqtrader/sf/fa/financials/5094#Annual-ROE

- https://klse.i3investor.com/servlets/stk/pt/5094.jsp

- http://www.klsescreener.com/v2/stocks/view/5094/csc-steel-holdings-berhad

#CSCSTEL5094

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