KEYASIC (0143)

5 years chart development:

Motivation for the price breakout from bottom after long term downtrend:

Effectively, the company is adding three more products into the revenue stream commencing 2016.

“It took us four years to build these chips and it has been worth the effort. Our K-Card for instance is the fastest SD Wifi Card in the world.

 

The biggest acknowledgement is that these chips are now being used by Toshiba in their transfer jet card, and Lenova in their SD Wifi card, under their own brand.

 

An interesting facet of the company is its list of shareholders. The second largest shareholder of the company is Khazanah Nasional Bhd, which owns a 20.7% stake in the company. This is followed by Commerce Technology Ventures Sdn Bhd which holds a 6.84% stake. The biggest shareholder of the company is Key Asic Limited (KAL) which holds a 40.61% stake.

 

(http://www.thestar.com.my/Business/Business-News/2015/09/05/Fortunes-of-Key-ASIC-hinge-on-two-chips/?style=biz)

 

Aim the bull...is the bull breakout sustainable? Feel like the answer is yes. This is not a buy call, just an opinion only.