Bright: The flying turtle

Bright makes plastic and aluminium packaging products that they exported overseas.  Their strength comes from  selling aluminium foils to cigaretts companies in US, UK and Russia. All their sales is dominated in US dollar.

Let us see that their profit margin is 40% with the Russian contract of US 10 million. Profit come to US 4 million (MYR 15 million) annually.

So, their EPS with these contract alone is = 15m/82m = 18.3 sen.

FV = 18.3 sen x 10 = Rm 1.83

So, MOP = RM 1.83 - RM 0.5 = RM 1.33 (266 %).

For the warrant, FV = Rm 1.83 - 0.82 = Rm 1.01

So, MOP = Rm 1,01 - Rm 0.16 =  Rm 0.85 (531 %).

However, I have not factor in the appreciating USD:MYR ratio and other local and overseas export as well as the drop in crude oil and metals prices worldwide.

BRIGHT (9938) currently trying to break the strong resistant at 0.515 candle sticks are moving on the up trend bollinger band witdth (red circle). Meanwhile, MACD is showing up trend sign. It is capable to continue climbing the mountain slope?

BRIGHT (9938) 近来已攻破一道很强的防线在0.515。它的价位一直都在努力的往上爬（红色圈里）。MACD出现了上涨的信息。它又是否还有能力往上继续爬呢？

Bon Voyage! Bright

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