ENRA Group Berhad is a property development and energy services company. The Company specializes in developing residential and commercial projects in Malaysia and the United Kingdom, as well as offers energy services in Myanmar and Australia.
The main energy services include :
A multi-faceted oil & gas service provider for specialty chemicals, minor fabrication, specialised logistics, single point mooring systems and decommissioning engineering services
For last few quarters, company derives it revenue income solely from the energy sector. There is no revenue incom from the sales of property sector due to pandemic. Company was returning to the balck for last 2 quarters.
The share price of the company was peak in middle of 2017 at around 3.5.Since then the share price corrected almost 4 yeras and hit the recent low of 0.57. From TA point of view, obvious divergence of RSI and Macd in both daily and weekly, indication that the downtrend will likely to end any moment from here. Watch out for the coming breakout.