The principal business of HHB is investment holding and the provision of management services. Its subsidiary companies are mainly involved in the manufacture and sale of automotive safety belts, airbag modules, steering wheels, noise and heat reduction materials, custom moulded composite parts as well as insulator parts for the motor vehicle industry.
Historical Capital Changes:-
Multiple Proposals:-
I. PROPOSED SHARE SPLIT
II. PROPOSED BONUS ISSUE
Observation from Chart:-
HIRO seem like forming symmetrical triangle.
Most analysts will take a position once the price breaks through the top line of the triangle with increased volume.
If breakout the triangle line: Potential breakout target:-
RM2.29 (break up) & RM1.69 (break down)
Since 1 June 2011, HIRO start perform Shares Buy Back:-
Other indicator:-
1. Volume is increased
2. Pending MACD bullish crossover.
Let watch closely for entry opportunity.
Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!
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