Eden Inc Bhd operates as an investment holding company, which engages in the provision of management services. It operates through the following segments: Energy Components; Food, Beverage, and Tourism; and Manufacturing. The Energy Components segment operates power plant as an independent power producer. The Food, Beverage, and Tourism segment contribute majorly towards firm’s revenue concerns restaurant, catering, and operating aquarium, and related activities. The Manufacturing segment produces and manufactures electrical and engineering parts.
FUNDAMENTAL
WE compare with Bright because it has simalar recovery in figures :
As we look through the figures, we realise that both company latest QR are the best, Eden Net Profit is at history high
while Bright profit is at 5 years high
Latest profit shows that Eden has strong come back, we using PE to value to stock price based on latest single QR,
EDEN (current RM0.215 Current PE 7.1 )
PE 10 = RM0.304
PE 15 = RM0.456
PE 20 = RM0.608
compare to bright (current price RM0.485 current PE 11.2)
PE 10 = RM0.432
PE 15 = RM 0.648
PE 20 = RM0.864
We use latest QR to value PE because both are COME BACK company from losses, using 4 latest quarters to calculate is not relevant!
TECHNICAL
EDEN now at wave1.5 which is still consider at early phase, seem no resistance at all !! will continue fly
Bright now at wave3 seem to be tired today, facing strong gap up resistance
PROSPECT
EDEN is focusing LED sector
WE simply compare with led stock such as d&o to know that LED is in bullish business
finally we estimate the target of Eden is
tp1 RM0.31
tp2 RM0.45
DISCLAIMER : Investment involve risk, including possible loss of principle and other losses. This article and charts are provided for information only and should not be construed as a solicitation to buy or sell any of the instruments mentioned herein. The author may have positions in soe of these instruments. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein. If investment and other professional advice are required, the services of a licensed professional person should be sought.
https://klse.i3investor.com/blogs/share4u2019/2020-01-02-story-h1482005861-Eden_WHY_It_will_be_next_BULLISH_Bright_that_you_must_not_missed.jsp
