EDUSPEC (0107) - Holistic View of Eduspec with Fundamental Analysis & iVolume Spread Analysis (iVSAChart)

  • Listed on 24 November 2005
  • A component of the FBM ACE Index under the Other Consumer Services industry
  • Market Capitalisation of RM 215 million
  • Financial Year End 30 September 2016
  • Currently in the 3rd Quarter
  • 3rd Quarter results ending 30 June 2016 to be announced by August 2016
Background and Core Business
  • Investment holding company dealing with the development and promotion of IT learning programs and services (Education Technology solutions and services)
  • These are divided into three core activities i.e. STEM (Science, Technology, Engineering and Mathematics), Digital School and IESS (Integrated Education Solutions and Services)
  • Provides these services to kindergartens, primary and secondary schools
  • Currently looking to expand into Thailand and Philippines
Financial Brief and Ratios (Historical)
Eduspec (0107.KL)
FY 2015 (RM’000)
Revenue (RM’000)
Net Earnings (RM’000)
Net Profit Margin (%)
PE Ratio (PER)
Dividend Yield (%)
Cash Ratio
Current Ratio
Debt to Equity Ratio

  • Revenue has experienced a y-o-y growth of +30% with net earnings and EPS growth of +42%
  • PER is as expected for a growing company like Eduspec
  • Eduspec has not declared any dividend payments
  • ROE is considerably on the low side
  • The company’s gearing is low

iVolume Spread Analysis (iVSA) & comments based on iVSAChart software – Eduspec

  • This is the one-year weekly chart for Eduspec ending 3 June 2016
  • Strong hands emerged to buy the stock in late August 2015 as shown by the Sign of Strength (green arrows) putting a halt to the prior sell offs
  • Prices subsequently resumed its sideways congestion
  • Heavy supply was met around the RM0.34 – RM0.35 level and prices retreated back to the trading range
  • Sign of Weakness (red arrow) appeared in March this year indicating more supply around the RM0.30 level
  • In spite of that, prices remained resilient and moved sideways with low volume hinting at possible accumulation
  • For the week ending 3 June 2016, a Sign of Strength (green arrow) appeared which puts the odds in favor of accumulation
  • Traders/investors should take note that if prices start to rally from this level with bullish volume then we are likely to be looking at a commencement of an uptrend
This article only serves as reference information and does not constitute a buy or sell call. Make your own assessment before deciding to buy or sell any stock.

HolisticEDUSPEC (0107) - View of Eduspec with Fundamental Analysis & iVolume Spread Analysis (iVSAChart)