GETS（5079）GETS GLOBAL BHD BUSINESSES, TOURISM, HOSPITALITY REOPENS !!! THIS STOCK SHOULD SEE SURGE IN DEMAND !!!
Hi to all fellow investors and traders !
Today I would like to share my thoughts the following counter:
GETS GLOBAL BERHAD or GETS (Code 5079, MAIN Market, Travel Leisure & Hospitality)
Some basic info on this company:
i. Number of shares float : 126 million
ii. Market Cap : RM 12.6 million
iii. Last closing price : 10 cents
iv. Website : https://www.getsglobal.com.my/
GETS - BUSINESSES, TOURISM, HOSPITALITY REOPEN !!! THIS STOCK SHOULD SEE SURGE IN DEMAND !!!
1. Restoration Movement Control Order (RMCO) Starting From 10th June 2020 to 31st August 2020
Refer below news link. Starting from 10th June 2020, Malaysia will be entering RMCO phase, where tourism, hotels, and majority of businesses are allowed to open.
This will cause surge in demand for the use of public buses under GETS.
https://www.nst.com.my/news/nation/2020/06/598700/cmco-end%C2%A0replaced-rmco-until-aug-31
B
2. Profitable The Last 2 Quarters & Trading Below NTA of 31c
Refer below image for summary of QR for GETS.
A few points to note:
i) Revenue improved for 2 quarters in a row
ii) Started to be profitable for the past 2 quarters as compared with 2 years previously in losses
iii) NTA at 31c, the last closing price of 10c is a 21c discount to its NTA
3. Low Float Shares As Director Holding About 29.96% of Total Float
Refer below list of director shareholding in GETS. We see that Datuk Che Azizuddin Bin Che Ismail holds 29.96% of the total float shares, therefore leaving effectively 70% float in the market of the already small float of 126 mil.
Total float estimated about 88.2 million shares excluding the above.
4. TECHNICAL ANALYSIS - Homily Chart - Breakout Above the TE Line - Long Term Investors Adding Position
Let's take a look at the 60 minutes chart of GETS using Homily software:
A few observations:
i. At Circle 1 - Price had broken above the important resistance line indicating bullish momentum
ii. At Circle 2 - Red chips are increasing position in this counter, indicating that they are expecting higher prices ahead
CONCLUSION
Based on my opinion, GETS should be given attention in coming weeks, based on below:
i. Businesses & tourism reopening to cause a surge in bus demand
ii. Stable FA , profitable the past 2 quarters, NTA 31c
iii. Director holding 30% of total float
iv. Technical Analysis - HOMILY Chart indicating breakout above TE line, and long term investors adding position
Thanks for reading and see you in the next post.
THE ABOVE IS NOT A BUY OR SELL CALL AND IS ONLY A PERSONAL OPINION ARTICLE AS A SHARING TO BSKL COMMUNITY MEMBERS.
Yours Truly,
INVESTHOR
https://klse.i3investor.com/blogs/InvesthorsHammer/2020-06-09-story-h1508700643-BUSINESSES_TOURISM_HOSPITALITY_REOPENS_THIS_STOCK_SHOULD_SEE_SURGE_IN_D.jsp
Hi to all fellow investors and traders !
Today I would like to share my thoughts the following counter:
GETS GLOBAL BERHAD or GETS (Code 5079, MAIN Market, Travel Leisure & Hospitality)
Some basic info on this company:
i. Number of shares float : 126 million
ii. Market Cap : RM 12.6 million
iii. Last closing price : 10 cents
iv. Website : https://www.getsglobal.com.my/
GETS - BUSINESSES, TOURISM, HOSPITALITY REOPEN !!! THIS STOCK SHOULD SEE SURGE IN DEMAND !!!
1. Restoration Movement Control Order (RMCO) Starting From 10th June 2020 to 31st August 2020
Refer below news link. Starting from 10th June 2020, Malaysia will be entering RMCO phase, where tourism, hotels, and majority of businesses are allowed to open.
This will cause surge in demand for the use of public buses under GETS.
https://www.nst.com.my/news/nation/2020/06/598700/cmco-end%C2%A0replaced-rmco-until-aug-31
B
2. Profitable The Last 2 Quarters & Trading Below NTA of 31c
Refer below image for summary of QR for GETS.
A few points to note:
i) Revenue improved for 2 quarters in a row
ii) Started to be profitable for the past 2 quarters as compared with 2 years previously in losses
iii) NTA at 31c, the last closing price of 10c is a 21c discount to its NTA
3. Low Float Shares As Director Holding About 29.96% of Total Float
Refer below list of director shareholding in GETS. We see that Datuk Che Azizuddin Bin Che Ismail holds 29.96% of the total float shares, therefore leaving effectively 70% float in the market of the already small float of 126 mil.
Total float estimated about 88.2 million shares excluding the above.
4. TECHNICAL ANALYSIS - Homily Chart - Breakout Above the TE Line - Long Term Investors Adding Position
Let's take a look at the 60 minutes chart of GETS using Homily software:
A few observations:
i. At Circle 1 - Price had broken above the important resistance line indicating bullish momentum
ii. At Circle 2 - Red chips are increasing position in this counter, indicating that they are expecting higher prices ahead
CONCLUSION
Based on my opinion, GETS should be given attention in coming weeks, based on below:
i. Businesses & tourism reopening to cause a surge in bus demand
ii. Stable FA , profitable the past 2 quarters, NTA 31c
iii. Director holding 30% of total float
iv. Technical Analysis - HOMILY Chart indicating breakout above TE line, and long term investors adding position
Thanks for reading and see you in the next post.
THE ABOVE IS NOT A BUY OR SELL CALL AND IS ONLY A PERSONAL OPINION ARTICLE AS A SHARING TO BSKL COMMUNITY MEMBERS.
Yours Truly,
INVESTHOR
https://klse.i3investor.com/blogs/InvesthorsHammer/2020-06-09-story-h1508700643-BUSINESSES_TOURISM_HOSPITALITY_REOPENS_THIS_STOCK_SHOULD_SEE_SURGE_IN_D.jsp
