DRBHCOM (1619)

July 23, 2017

 

Technical Analysis

  1. 150 MA 50 MA 30 MA bullish.

  2. MACD bullish.

  3. RSI bullish.

  4. Support point (1) 0.96 & Support Point (2) 0.80.

  5. Resistance point (1) 1.64 and Resistance point(2) 1.529

  6. Shares is having a consolidation period.

Fundamental analysis

  1.  DRBHCOM is having a good change of revenue and net profit

  2. Sale of Proton shareholding lead DRBHCOM to more healthy financial position.

  3. Current NTA (Net tangible asset) is 3.14 and DRBHCOM traded at 1.68 (22/07/2017) with 54% discount of NTA

Strategic

  1. Upward trend has been strongly supported at 1.178 and 1.317.

  2. Safe zone to buy in during retrenchment price 1.64 and cut lost 1.529 - short term

  3. DRBHCOM have a very good long term perspective and it might have positive net profit in next financial year.

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