KKB Engineering Bhd (MYX: KKB)

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Current Price: 1.67 MYR

The stock has recently rebounded from the 200-day moving average and closed above the 50-day and 100-day moving averages. If the price remains above 1.65 MYR with strong volume, consider entering.

Primary Target: 1.85 MYR, based on the next resistance level.
Stop Loss: 1.55 MYR, slightly below the 200-day moving average to manage risk.

Short-Term: (1-3 weeks)—The setup is for a quick gain based on current technical conditions, aiming to capture the upward momentum.

Note: This plan is for educational purposes only and not financial advice. Consult with a financial advisor before making investment decisions.
تعليق
KKB Engineering Bhd has shown steady revenue growth, increasing by 4.6% in Q2 2024 compared to the previous year, but its net profit has declined significantly due to higher operating costs. Despite a drop in earnings, the company has delivered a total shareholder return of 102% over the past five years, boosted by consistent dividends. Market sentiment remains cautiously optimistic, driven by the company’s strategic positioning in infrastructure sectors and moderate earnings per share growth, though future profitability may depend on better cost management and revenue diversification​(KLSE Screener,Simply Wall St,FT Markets)
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