Lately, I have been searching for a company which has good profit margins, a business model which is non-conventional (i.e., not manufacturing, banking, plantation, and trading in nature), and resilient to external market shocks. I hope I have found the right company! This week I will be looking at Cypark Resources Berhad (5184). Cypark is a company that is involved with the provision of environmental solutions. It has 4 main business segments which are: 1. Environmental engineering: Provision of nature conservation and environmental improvement services. 2. Landscaping and infrastructure: Provision of landscape services, project management services, and infrastructure development. 3. Maintenance: Provision of specialist maintenance works on leachate treatment plants, landscape services for parks, and maintenance of public amenities. 4. Green technology & renewable energy: Solar panel, biogas, biomass, waste-to-energy, and other renewable energy project
Just a brief technical analysis review of this company:
Medium Term Trend Analysis:
Chart 1
The trend for this company seems decent. A healthy consolidation pattern with a bullish bias. Forming a base above RM 0.93. And price action has been trending above its 20-day exponential moving average.
Key support areas:
S1: RM 0.940
S2: RM 0.930 (Stop loss)
S3: RM 0.910 (Stop loss)
Key resistance areas:
R1: RM 0.965
R2: RM 0.975
R3: RM 1.000
Momentum indicators:
Both the MACD and the RSI have been holding up fairly well indicating consolidation.
Potential Entry point:
A good entry point (buy) to this counter would be at around the price range on RM 0.93 - RM 0.94.
Potential Exit point:
Suggesting to exit at RM 0.98 and RM 0.99.
Risks:
Low trading volume.
Appreciation of MYR against USD.
External factors.
Short term chart:
If you want to FIND OUT MORE on the FUNDAMENTALS of this company check out my article HERE.
Note: This is not a recommendation to buy or sell this stock by the writer. The writer owns shares in this company. The writer intends to share his view point on this stock’s potential investment value, any decision to invest or sell shares in this company is entirely at the reader's own risk.
Medium Term Trend Analysis:
Chart 1
The trend for this company seems decent. A healthy consolidation pattern with a bullish bias. Forming a base above RM 0.93. And price action has been trending above its 20-day exponential moving average.
Key support areas:
S1: RM 0.940
S2: RM 0.930 (Stop loss)
S3: RM 0.910 (Stop loss)
Key resistance areas:
R1: RM 0.965
R2: RM 0.975
R3: RM 1.000
Momentum indicators:
Both the MACD and the RSI have been holding up fairly well indicating consolidation.
Potential Entry point:
A good entry point (buy) to this counter would be at around the price range on RM 0.93 - RM 0.94.
Potential Exit point:
Suggesting to exit at RM 0.98 and RM 0.99.
Risks:
Low trading volume.
Appreciation of MYR against USD.
External factors.
Short term chart:
If you want to FIND OUT MORE on the FUNDAMENTALS of this company check out my article HERE.
Note: This is not a recommendation to buy or sell this stock by the writer. The writer owns shares in this company. The writer intends to share his view point on this stock’s potential investment value, any decision to invest or sell shares in this company is entirely at the reader's own risk.
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