Table: SCGM's last 8 quarterly results
Graph: SCGM's last 51 quarterly results
SCGM's financial position is deemed healthy with current ratio at 1.65 times while gearing ratio is elevated at 0.55 time.
SCGM (closed at RM2.42 yesterday) is now trading at a PE of 15X (based on the last 4 quarters' EPS of 16.54sen). At this PE, SCGM is deemed fairly attractive.
SCGM's medium-term uptrend may have ended after the share prices went below the uptrend line, SS. Its next support should be at the horizontal line at RM2.35.
Chart 1: SCGM's daily chart as at Dec 28, 2021 (Source: iSaham.my)
Chart 2: SCGM's monthly chart as at Dec 28, 2021 (Source: iSaham.my)
Despite the weaker financial performance, SCGM is still a good stock for long-term investment based on healthy financial position & fair valuation,
I hereby confirm that I do not have any direct interest in the security or securities mentioned in this post. However, I could have an indirect interest in the security or securities mentioned as some of my clients may have an interest in the acquisition or disposal of the aforementioned security or securities. As investor, you should fully research any security before making an investment decision.