Current Price Status
Stock is in Momentum
Stock is currently overvalued by the market with the expectation of annual earning growth at 136.87% to match current price.
Overvalued stock can be traded very volatile. If the earning growth momentum continue, overvalued stock can match into fair value, on the flip side, the downside risk can be huge if the stock is not meeting the market expectation.
Company is not in Profit
- MIECO current price is 36.59% above OneDelta estimated fair value.
The fair value is estimated via OneDelta proprietary model that updated daily basis based on stock fundamental and specific industry relative marco outlook. It can be assessed as stock potential upside range or the stock true value price in case of downside.
Relative Price Performance
UnderperformedMIECO past 5-day return lagged behind the Forest Products industry average return by 33.7%
Below 30-Day AverageCurrent price RM0.56 is below 30-day average RM0.84 by 50%
|Return (%)||MIECO||Forest Products|
Bank Analyst Price Targets
Revenue & Earning Growth Analysis
Recent Positive Revenue Growth
MIECO managed to achieve better revenue growth for past 2 quarters by average +41%.
Potential Better Profit Growth
MIECO posted a better profit growth than average in the recent quarter.
Past Quarter Reports
|Quarter Date||Revenue (RM)||(%)||EPS (RM)||(%)|
Volume Trend Analysis
Recent Volume is Increasing
Surge in trading volume tends to bring more price volatility in near term.
MIECO recent daily traded volume is 33.33% higher than past month average.
|Past 30-Day||Past 5-Day|
|9k daily||12k daily|
Price History Chart
Past 30-day Average Price: RM0.84
Stock Fundamental Factors
Fundamental factor characteristics help us understand and expect how the stock price will behave in short and long term.
Stock Thematic Baskets
Usually the more the stock is included in popular themes, the more opportunity for price-driven momentum and better liquidity.
Stock Company Profile
MIECO CHIPBOARD BHD
Mieco Chipboard Bhd. is an investment holding company, which engages in the manufacturing and sales of wood based products. It operates through the following geographical segments: Malaysia, Hong Kong and China, and Others. The company was founded in 1972 and is headquartered in Cheras, Malaysia.