BCMALL - Surge in demand amid COVID-19 for its medical equipment
BCM Alliance Berhad, an investment holding company, distributes commercial laundry equipment and medical devices in Malaysia. It operates through Commercial Laundry Equipment, Medical Imaging Equipment, and Disinfection and Sterilisation Equipment segments. COVID-19 has seen to be a major catalyst for BCMAll to push the price further up as medical equipment supplier amid the outbreak.
Fundamentally, the company have quite stable financial record with positive profit since 2016. It was also expected that based on surge demand in medical equipment within Q1 2020, the financial performance for BCMAll will be at a better position.
At the moment im writing this BCMall is trading just slightly above the support of the up trendline at 0.120 and crossing EMA20 and 50.
Just enjoy riding the trend :)
Fundamentally, the company have quite stable financial record with positive profit since 2016. It was also expected that based on surge demand in medical equipment within Q1 2020, the financial performance for BCMAll will be at a better position.
At the moment im writing this BCMall is trading just slightly above the support of the up trendline at 0.120 and crossing EMA20 and 50.
Just enjoy riding the trend :)
Trade closed: target reached:
Target reached. However, I still think there is room for the price to move further
