Naked Chart Trading: PIE Industrial Berhad 24 Apr 2024
It was already been almost more than a week since $PIE(7095.MY$, whose share price extended its rally to a new all-time high on reports that it has secured a new customer, confirmed the matter and said it is expecting the new customer to contribute an additional RM2.5 billion revenue to the group, of which RM1 billion will be recognised as early as next year (Source: Theedge)
I think the abovementioned catalyst will have a huge impact to the company's financial performance in coming years. Besides, the company new plants will also target to start operation this year, which expected to contribute to its key business segment electronic manufacturing services (EMS)
$PIE(7095.MY$ Daily Chart
Before 2024, the trend was in sideway to higher trend, until the strong breakout at 17 Apr 2024 to continously recorded new fresh highs. Watch out for any potential overbought correction but I think the price will not go back to below RM4 as the trend will remain bullish.
Watch out for potential corporate action as well like bonus issue
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This content is for reference only and does not constitute any investment advice, and past performance is not indicative of future performance. Returns will vary, and all investments carry risks, including loss of principal. Please make your own investment decisions.
This content is for reference only and does not constitute any investment advice, and past performance is not indicative of future performance. Returns will vary, and all investments carry risks, including loss of principal. Please make your own investment decisions.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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