.TSRCAP (5042) .TSR CAPITAL BHD - THIS COMPANY SHOULD HAVE GREAT POTENTIAL IN 2021; GOING FORWARD
Property developers in for better year
BASIC INFORMATION ABOUT TSRCAP
TSR Capital Berhad has been listed on the Main Board of Bursa Malaysia Securities Berhad since 2002.
TSR Capital Bhd is engaged in the construction and property development activities in Malaysia. Th group’s business segments are Construction, Manufacturing, Investing, and Property Development. The Construction division undertakes civil engineering works, which include the construction of highway, buildings and infrastructure works, whereas Manufacturing segment relates to the manufacturing and trading of precast concrete products. The Property division includes the development of residential and commercial properties, property investment and management. The Construction segment contributes majorly to the company’s revenue.
Considering all the above, I opine that current price for TSRCAP is attractive due to below:
i) Trading at 71.21% discount to its NTA
ii) Property developers in for better year
iii) Immediate resistances R1 - 0.305, R2 - 0.49, Support S1- 0.270.
Now Trading at ONLY 0.285 ( Near Support of 0.270 - THUS MINIMAL DOWNSIDE RISK WITH MUCH UPSIDE POTENTIAL)
iii) Chart showing low downside, and high upside potential
iv) Trading in bullish trend, and currently at the near support price, implying a bargain entry into the stock
LET’S SEE HOW THE SHARE PRICE MOVEMENT IN THE NEAR FUTURE FORBEARING ANY GOOD CORPORATE NEWS.
Disclaimer : The above opinion is never intended to be a BUY CALL whatsoever. I am sharing my observations ONLY based on fundamental; past history; current trading pattern; charts etc. Please make your own informed decision before buying this share or whatever share for that matter.