MMODE

MMODE

Postby winston » Tue Jan 09, 2018 8:36 am

not vested

Trading Buy: MMODE - 0059
(Last price: RM0.410, Potential upside +26.8%)

Company Profile
• M-Mode Berhad (MMODE) is involved in development and distribution of mobile and digital contents which include digital applications, mobile games, video contents, SMS/MMS and mobile payment platforms.

In 2017, the Group has diversified into the property construction sector through its incorporation of E&J Builders Sdn. Bhd (EJ).

Trading Catalyst
• In April 2017, MMODE has incorporated a property construction company EJ, whereby MMODE is capable of taking up construction works in the future.
• In May 2017, MMODE has inked an agreement with Rexallent Construction Sdn Bhd to undertake the remaining construction of the H2O mixed development in Ara Damansara, for RM180m. We believe this could be a start of MMODE to undertake projects related to the construction segment.

Technical View
• Resistance: RM0.445 / RM0.470 / RM0.520
• Support: RM0.395 / RM0.385
• Cut loss: RM0.380

Key Financial Stats
• Book value per share: RM0.42

Source: Bloomberg, HLIB
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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