Today, Taliwrk broke above the RM1.25 horizontal line. This bullish breakout signals that the stock is likely to continue its tepid uptrend. Currently, the stock is trading at RM1.35.
Taliwrk's financial performance & position over the past 10 years can only be described as unexciting. We can see that Taliwrk's top-line is on a hesitating upward trajectory while its bottom-line is rather flattish.
Chart 4: Taliwrk's last 10-year P&L (Source: Equities Tracker)
Its financial position is deemed fairly satisfactory, with high current ratio (due to high receivables) and elevated gearing ratio.
Chart 5: Taliwrk's Current & Gearig Ratios over the last 10-year (Source: Equities Tracker)
With the water theme play now on full bloom, it's somewhat surprising that punters gave this stock a miss. Well, better late and never, they say. Let's see whether the investors who sold this stock in 2010-2012 knew something that those who bought in 2013-2014 did not.
Based on technical consideration, Taliwrk could be a good trading BUY.
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, Taliwrk.