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Ace Bed Company Limited
Buy, Hold or Sell?

Let's analyse Ace Bed Company Limited together

PenkeI guess you are interested in Ace Bed Company Limited. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Ace Bed Company Limited. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Ace Bed Company Limited (30 sec.)










What can you expect buying and holding a share of Ace Bed Company Limited? (30 sec.)

How much money do you get?

How much money do you get?
₩2.53
When do you have the money?
1 year
How often do you get paid?
79.4%

What is your share worth?

Current worth
₩60,505.30
Expected worth in 1 year
₩63,120.12
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
₩5,777.42
Return On Investment
21.9%

For what price can you sell your share?

Current Price per Share
₩26,350.00
Expected price per share
₩24,135 - ₩27,450
How sure are you?
50%
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1. Valuation of Ace Bed Company Limited (5 min.)




Live pricePrice per Share (EOD)

₩26,350.00

Intrinsic Value Per Share

₩-7,492.61 - ₩-8,987.77

Total Value Per Share

₩53,012.69 - ₩51,517.53

2. Growth of Ace Bed Company Limited (5 min.)




Is Ace Bed Company Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$511m$460.7m$38.1m7.6%

How much money is Ace Bed Company Limited making?

Current yearPrevious yearGrowGrow %
Making money$9.5m$11.8m-$2.2m-23.6%
Net Profit Margin15.6%16.7%--

How much money comes from the company's main activities?

3. Financial Health of Ace Bed Company Limited (5 min.)




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What can you expect buying and holding a share of Ace Bed Company Limited? (5 min.)

Welcome investor! Ace Bed Company Limited's management wants to use your money to grow the business. In return you get a share of Ace Bed Company Limited.

What can you expect buying and holding a share of Ace Bed Company Limited?

First you should know what it really means to hold a share of Ace Bed Company Limited. And how you can make/lose money.

Speculation

The Price per Share of Ace Bed Company Limited is ₩26,350. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Ace Bed Company Limited.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Ace Bed Company Limited, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is ₩60,505.30. Based on the TTM, the Book Value Change Per Share is ₩653.71 per quarter. Based on the YOY, the Book Value Change Per Share is ₩1,165.84 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is ₩790.65 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Ace Bed Company Limited.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps0.860.0%0.910.0%1.150.0%1.020.0%0.780.0%
Usd Book Value Change Per Share0.850.0%0.520.0%0.930.0%1.040.0%0.740.0%
Usd Dividend Per Share0.000.0%0.630.0%0.580.0%0.610.0%0.450.0%
Usd Total Gains Per Share0.850.0%1.160.0%1.520.0%1.650.0%1.190.0%
Usd Price Per Share19.96-24.38-32.77-31.04-73.79-
Price to Earnings Ratio5.78-6.88-7.42-8.26-33.14-
Price-to-Total Gains Ratio23.37-23.92-73.97-36.87-156.12-
Price to Book Ratio0.41-0.52-0.73-0.75-2.51-
Price-to-Total Gains Ratio23.37-23.92-73.97-36.87-156.12-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share21.08
Number of shares47
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.630.61
Usd Book Value Change Per Share0.521.04
Usd Total Gains Per Share1.161.65
Gains per Quarter (47 shares)54.3177.35
Gains per Year (47 shares)217.23309.39
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
111998207114195299
2238197424228391608
3357295641342586917
44763938584567821226
559549210755709771535
6713590129268411731844
7832688150979813682153
8951787172691215632462
910708851943102617592771
1011899832160114019543080

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%17.00.00.0100.0%34.00.00.0100.0%37.00.00.0100.0%
Book Value Change Per Share3.01.00.075.0%11.01.00.091.7%15.02.00.088.2%32.02.00.094.1%35.02.00.094.6%
Dividend per Share3.00.01.075.0%10.00.02.083.3%15.00.02.088.2%27.00.07.079.4%29.00.08.078.4%
Total Gains per Share4.00.00.0100.0%12.00.00.0100.0%17.00.00.0100.0%34.00.00.0100.0%37.00.00.0100.0%
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Fundamentals of Ace Bed Company Limited

About Ace Bed Company Limited

Ace Bed Company Limited engages in the manufacture and sale of beds, furniture, and furniture-related products in Korea and internationally. The company was founded in 1963 and is headquartered in Seongnam, South Korea.

Fundamental data was last updated by Penke on 2024-02-09 19:14:05.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is expensive.
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1.1. Profitability of Ace Bed Company Limited.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Ace Bed Company Limited earns for each ₩1 of revenue.

  • Above 10% is considered healthy but always compare Ace Bed Company Limited to the  industry mean.
  • A Net Profit Margin of 14.5% means that ₩0.15 for each ₩1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Ace Bed Company Limited:

  • The MRQ is 14.5%. The company is making a huge profit. +2
  • The TTM is 15.6%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ14.5%TTM15.6%-1.0%
TTM15.6%YOY16.7%-1.1%
TTM15.6%5Y16.4%-0.9%
5Y16.4%10Y15.3%+1.1%
1.1.2. Return on Assets

Shows how efficient Ace Bed Company Limited is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Ace Bed Company Limited to the  industry mean.
  • 1.6% Return on Assets means that Ace Bed Company Limited generated ₩0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Ace Bed Company Limited:

  • The MRQ is 1.6%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.7%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.6%TTM1.7%-0.1%
TTM1.7%YOY2.3%-0.5%
TTM1.7%5Y2.1%-0.4%
5Y2.1%10Y2.0%+0.2%
1.1.3. Return on Equity

Shows how efficient Ace Bed Company Limited is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Ace Bed Company Limited to the  industry mean.
  • 1.8% Return on Equity means Ace Bed Company Limited generated ₩0.02 for each ₩1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Ace Bed Company Limited:

  • The MRQ is 1.8%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 1.9%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ1.8%TTM1.9%-0.1%
TTM1.9%YOY2.6%-0.7%
TTM1.9%5Y2.4%-0.5%
5Y2.4%10Y2.2%+0.2%
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1.2. Operating Efficiency of Ace Bed Company Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Ace Bed Company Limited is operating .

  • Measures how much profit Ace Bed Company Limited makes for each ₩1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Ace Bed Company Limited to the  industry mean.
  • An Operating Margin of 0.0% means the company generated ₩0.00  for each ₩1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Ace Bed Company Limited:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM12.9%-12.9%
TTM12.9%YOY3.1%+9.8%
TTM12.9%5Y10.8%+2.1%
5Y10.8%10Y7.8%+3.0%
1.2.2. Operating Ratio

Measures how efficient Ace Bed Company Limited is keeping operating costs low.

  • Below 1 is considered healthy (always compare to  industry mean).
  • An Operation Ratio of 1.17 means that the operating costs are ₩1.17 for each ₩1 in net sales.

Let's take a look of the Operating Ratio trends of Ace Bed Company Limited:

  • The MRQ is 1.165. The company is inefficient in keeping operating costs low. -1
  • The TTM is 0.966. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ1.165TTM0.966+0.199
TTM0.966YOY0.382+0.584
TTM0.9665Y0.524+0.442
5Y0.52410Y0.612-0.088
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1.3. Liquidity of Ace Bed Company Limited.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Ace Bed Company Limited is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to  industry mean).
  • A Current Ratio of 2.36 means the company has ₩2.36 in assets for each ₩1 in short-term debts.

Let's take a look of the Current Ratio trends of Ace Bed Company Limited:

  • The MRQ is 2.360. The company is able to pay all its short-term debts. +1
  • The TTM is 2.317. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ2.360TTM2.317+0.043
TTM2.317YOY2.037+0.280
TTM2.3175Y2.103+0.214
5Y2.10310Y1.463+0.640
1.3.2. Quick Ratio

Measures if Ace Bed Company Limited is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Ace Bed Company Limited to the  industry mean.
  • A Quick Ratio of 1.14 means the company can pay off ₩1.14 for each ₩1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Ace Bed Company Limited:

  • The MRQ is 1.136. The company is just able to pay all its short-term debts with the most liquid assets.
  • The TTM is 2.195. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ1.136TTM2.195-1.059
TTM2.195YOY2.050+0.145
TTM2.1955Y1.779+0.416
5Y1.77910Y1.242+0.537
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1.4. Solvency of Ace Bed Company Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Ace Bed Company Limited assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Ace Bed Company Limited to industry mean.
  • A Debt to Asset Ratio of 0.08 means that Ace Bed Company Limited assets are financed with 8.4% credit (debt) and the remaining percentage (100% - 8.4%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Ace Bed Company Limited:

  • The MRQ is 0.084. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.101. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.084TTM0.101-0.017
TTM0.101YOY0.119-0.017
TTM0.1015Y0.113-0.011
5Y0.11310Y0.099+0.013
1.4.2. Debt to Equity Ratio

Measures if Ace Bed Company Limited is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Ace Bed Company Limited to the  industry mean.
  • A Debt to Equity ratio of 9.1% means that company has ₩0.09 debt for each ₩1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Ace Bed Company Limited:

  • The MRQ is 0.091. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.113. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.091TTM0.113-0.021
TTM0.113YOY0.135-0.022
TTM0.1135Y0.127-0.014
5Y0.12710Y0.110+0.017
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2. Market Valuation of Ace Bed Company Limited

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ₩1 in earnings Ace Bed Company Limited generates.

  • Above 15 is considered overpriced but always compare Ace Bed Company Limited to the  industry mean.
  • A PE ratio of 5.78 means the investor is paying ₩5.78 for every ₩1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Ace Bed Company Limited:

  • The EOD is 6.102. Based on the earnings, the company is cheap. +2
  • The MRQ is 5.778. Based on the earnings, the company is cheap. +2
  • The TTM is 6.879. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD6.102MRQ5.778+0.324
MRQ5.778TTM6.879-1.101
TTM6.879YOY7.420-0.541
TTM6.8795Y8.263-1.384
5Y8.26310Y33.145-24.882
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Ace Bed Company Limited:

  • The EOD is -3.956. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -3.746. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -1.462. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-3.956MRQ-3.746-0.210
MRQ-3.746TTM-1.462-2.285
TTM-1.462YOY-2.714+1.252
TTM-1.4625Y55.646-57.107
5Y55.64610Y35.595+20.050
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2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Ace Bed Company Limited is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to industry mean).
  • A PB ratio of 0.41 means the investor is paying ₩0.41 for each ₩1 in book value.

Let's take a look of the Price to Book Ratio trends of Ace Bed Company Limited:

  • The EOD is 0.435. Based on the equity, the company is cheap. +2
  • The MRQ is 0.412. Based on the equity, the company is cheap. +2
  • The TTM is 0.517. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.435MRQ0.412+0.023
MRQ0.412TTM0.517-0.105
TTM0.517YOY0.731-0.214
TTM0.5175Y0.746-0.229
5Y0.74610Y2.507-1.760
2. Total Gains per Share
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3. Summary

3.1. Key Performance Indicators

The key performance indicators of Ace Bed Company Limited compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--1067.632653.706+63%1165.840-8%1299.360-18%922.876+16%
Book Value Per Share--60505.29959070.566+2%56178.089+8%52784.860+15%43346.741+40%
Current Ratio--2.3602.317+2%2.037+16%2.103+12%1.463+61%
Debt To Asset Ratio--0.0840.101-17%0.119-29%0.113-26%0.099-15%
Debt To Equity Ratio--0.0910.113-19%0.135-32%0.127-28%0.110-17%
Dividend Per Share---790.649-100%728.281-100%757.732-100%559.539-100%
Eps--1079.5411131.795-5%1440.826-25%1271.585-15%970.952+11%
Free Cash Flow Per Share---1665.049-110.375-93%-10.501-99%-85.880-95%-322.011-81%
Free Cash Flow To Equity Per Share---1665.049-400.376-76%-454.683-73%-414.468-75%-498.037-70%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---8987.772--------
Intrinsic Value_10Y_min---7492.610--------
Intrinsic Value_1Y_max---208.853--------
Intrinsic Value_1Y_min---204.738--------
Intrinsic Value_3Y_max---1154.740--------
Intrinsic Value_3Y_min---1091.766--------
Intrinsic Value_5Y_max---2736.254--------
Intrinsic Value_5Y_min---2494.343--------
Market Cap269347065000.000+2%263395777750.000321723020062.500-18%419945501875.000-37%399472160014.706-34%944311312956.020-72%
Net Profit Margin--0.1450.156-7%0.167-13%0.164-12%0.153-5%
Operating Margin---0.129-100%0.031-100%0.108-100%0.078-100%
Operating Ratio--1.1650.966+21%0.382+205%0.524+123%0.612+91%
Pb Ratio0.435+5%0.4120.517-20%0.731-44%0.746-45%2.507-84%
Pe Ratio6.102+5%5.7786.879-16%7.420-22%8.263-30%33.145-83%
Price Per Share26350.000+5%24950.00030475.000-18%40962.500-39%38800.000-36%92241.178-73%
Price To Free Cash Flow Ratio-3.956-6%-3.746-1.462-61%-2.714-28%55.646-107%35.595-111%
Price To Total Gains Ratio24.681+5%23.36923.925-2%73.966-68%36.871-37%156.118-85%
Quick Ratio--1.1362.195-48%2.050-45%1.779-36%1.242-9%
Return On Assets--0.0160.017-5%0.023-28%0.021-24%0.020-17%
Return On Equity--0.0180.019-7%0.026-31%0.024-26%0.022-19%
Total Gains Per Share--1067.6321444.355-26%1894.121-44%2057.092-48%1482.415-28%
Usd Book Value--511000887.392498883948.794+2%460747965.408+11%435841183.220+17%356564805.378+43%
Usd Book Value Change Per Share--0.8540.523+63%0.933-8%1.039-18%0.738+16%
Usd Book Value Per Share--48.40447.256+2%44.942+8%42.228+15%34.677+40%
Usd Dividend Per Share---0.633-100%0.583-100%0.606-100%0.448-100%
Usd Eps--0.8640.905-5%1.153-25%1.017-15%0.777+11%
Usd Free Cash Flow---14062264.240-932175.788-93%-86123.102-99%-709719.803-95%-2636970.183-81%
Usd Free Cash Flow Per Share---1.332-0.088-93%-0.008-99%-0.069-95%-0.258-81%
Usd Free Cash Flow To Equity Per Share---1.332-0.320-76%-0.364-73%-0.332-75%-0.398-70%
Usd Market Cap215477652.000+2%210716622.200257378416.050-18%335956401.500-37%319577728.012-34%755449050.365-72%
Usd Price Per Share21.080+5%19.96024.380-18%32.770-39%31.040-36%73.793-73%
Usd Profit--9117327.2009558641.726-5%11817020.628-23%10482574.831-13%7982061.703+14%
Usd Revenue--62831589.40061581069.982+2%70552773.594-11%63326263.846-1%50831201.023+24%
Usd Total Gains Per Share--0.8541.155-26%1.515-44%1.646-48%1.186-28%
 EOD+5 -3MRQTTM+13 -22YOY+10 -255Y+10 -2510Y+16 -19

3.2. Fundamental Score

Let's check the fundamental score of Ace Bed Company Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-156.102
Price to Book Ratio (EOD)Between0-10.435
Net Profit Margin (MRQ)Greater than00.145
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than11.136
Current Ratio (MRQ)Greater than12.360
Debt to Asset Ratio (MRQ)Less than10.084
Debt to Equity Ratio (MRQ)Less than10.091
Return on Equity (MRQ)Greater than0.150.018
Return on Assets (MRQ)Greater than0.050.016
Total7/10 (70.0%)

3.3. Technical Score

Let's check the technical score of Ace Bed Company Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5049.959
Ma 20Greater thanMa 5026,457.500
Ma 50Greater thanMa 10026,128.894
Ma 100Greater thanMa 20025,214.491
OpenGreater thanClose26,500.000
Total3/5 (60.0%)



Latest Balance Sheet

Balance Sheet of 2023-09-30. Currency in KRW. All numbers in thousands.

Summary
Total Assets697,166,817
Total Liabilities58,415,708
Total Stockholder Equity638,751,109
 As reported
Total Liabilities 58,415,708
Total Stockholder Equity+ 638,751,109
Total Assets = 697,166,817

Assets

Total Assets697,166,817
Total Current Assets130,313,146
Long-term Assets566,853,672
Total Current Assets
Cash And Cash Equivalents 31,219,883
Short-term Investments 41,254,443
Net Receivables 21,450,337
Inventory 32,878,685
Total Current Assets  (as reported)130,313,146
Total Current Assets  (calculated)126,803,348
+/- 3,509,798
Long-term Assets
Property Plant Equipment 473,201,626
Intangible Assets 45,516
Long-term Assets  (as reported)566,853,672
Long-term Assets  (calculated)473,247,142
+/- 93,606,530

Liabilities & Shareholders' Equity

Total Current Liabilities55,214,023
Long-term Liabilities3,201,685
Total Stockholder Equity638,751,109
Total Current Liabilities
Accounts payable 5,875,755
Other Current Liabilities 0
Total Current Liabilities  (as reported)55,214,023
Total Current Liabilities  (calculated)5,875,755
+/- 49,338,268
Long-term Liabilities
Capital Lease Obligations Min Short Term Debt146,430
Long-term Liabilities  (as reported)3,201,685
Long-term Liabilities  (calculated)146,430
+/- 3,055,255
Total Stockholder Equity
Retained Earnings 599,355,032
Total Stockholder Equity (as reported)638,751,109
Total Stockholder Equity (calculated)599,355,032
+/- 39,396,078
Other
Capital Stock11,090,000
Common Stock Shares Outstanding 10,557
Net Invested Capital 638,751,109
Net Working Capital 75,099,122
Property Plant and Equipment Gross 583,419,254



Balance Sheet

Currency in KRW. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-31
> Total Assets 
321,265,153
320,234,312
322,387,275
332,892,147
339,576,016
341,169,793
344,390,816
351,655,601
361,369,303
364,609,361
372,990,498
382,261,937
392,744,354
389,313,898
396,225,101
404,681,610
416,128,933
407,785,304
421,132,506
425,894,166
510,380,656
519,688,129
531,391,810
535,849,560
549,138,016
575,946,070
598,922,995
604,829,659
620,243,653
642,564,454
655,715,085
651,899,536
663,524,518
685,499,245
695,529,438
697,289,912
697,166,817
697,166,817697,289,912695,529,438685,499,245663,524,518651,899,536655,715,085642,564,454620,243,653604,829,659598,922,995575,946,070549,138,016535,849,560531,391,810519,688,129510,380,656425,894,166421,132,506407,785,304416,128,933404,681,610396,225,101389,313,898392,744,354382,261,937372,990,498364,609,361361,369,303351,655,601344,390,816341,169,793339,576,016332,892,147322,387,275320,234,312321,265,153
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
91,050,622
72,487,072
64,134,624
78,767,231
72,095,091
79,925,428
74,061,025
83,907,740
85,082,637
85,015,535
100,283,679
108,159,313
121,327,005
128,453,685
135,522,055
147,693,561
137,746,947
140,254,349
159,792,790
165,990,571
152,479,968
130,313,146
130,313,146152,479,968165,990,571159,792,790140,254,349137,746,947147,693,561135,522,055128,453,685121,327,005108,159,313100,283,67985,015,53585,082,63783,907,74074,061,02579,925,42872,095,09178,767,23164,134,62472,487,07291,050,622000000000000000
       Cash And Cash Equivalents 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
28,607,451
17,007,465
16,691,908
26,887,755
21,552,965
17,626,547
17,748,067
21,661,274
25,202,845
26,104,626
25,014,736
34,634,572
26,345,680
41,574,203
6,228
3,320
2,414
2,907
1,000
2,061
1,211
31,219,883
31,219,8831,2112,0611,0002,9072,4143,3206,22841,574,20326,345,68034,634,57225,014,73626,104,62625,202,84521,661,27417,748,06717,626,54721,552,96526,887,75516,691,90817,007,46528,607,451000000000000000
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
16,823,117
5,161,970
505,420
511,370
508,460
0
0
0
0
4,916,514
11,761,329
11,845,316
35,137,949
24,689,721
21,193,161
33,585,437
49,725,916
50,549,810
61,164,581
58,529,145
48,815,998
41,254,443
41,254,44348,815,99858,529,14561,164,58150,549,81049,725,91633,585,43721,193,16124,689,72135,137,94911,845,31611,761,3294,916,5140000508,460511,370505,4205,161,97016,823,117000000000000000
       Net Receivables 
18,505,993
15,289,261
14,896,170
15,134,342
17,262,189
15,159,930
18,391,289
14,539,470
18,064,317
13,959,071
15,066,348
13,980,664
17,584,102
13,280,976
15,451,839
14,847,917
19,410,821
15,997,087
21,195,591
21,023,985
23,964,333
21,050,675
23,348,265
23,799,696
21,888,888
29,443,523
26,029,618
23,501,590
23,977,665
22,650,025
25,971,102
23,973,435
25,437,558
25,711,867
22,222,453
22,966,424
21,450,337
21,450,33722,966,42422,222,45325,711,86725,437,55823,973,43525,971,10222,650,02523,977,66523,501,59026,029,61829,443,52321,888,88823,799,69623,348,26521,050,67523,964,33321,023,98521,195,59115,997,08719,410,82114,847,91715,451,83913,280,97617,584,10213,980,66415,066,34813,959,07118,064,31714,539,47018,391,28915,159,93017,262,18915,134,34214,896,17015,289,26118,505,993
       Other Current Assets 
4,717,223
4,531,779
5,252,579
4,877,856
4,707,046
4,817,560
5,610,119
4,962,462
4,993,635
4,617,141
5,500,289
3,854,759
4,200,074
4,461,417
6,133,078
4,937,833
2,574,785
1,770,351
2,559,828
1,346,753
0
0
2,916,441
3,395,129
2,425,497
1,400,290
1,934,021
1,224,300
1,872,041
0
0
0
1,934,368
1,880,437
0
1,427,405
0
01,427,40501,880,4371,934,3680001,872,0411,224,3001,934,0211,400,2902,425,4973,395,1292,916,441001,346,7532,559,8281,770,3512,574,7854,937,8336,133,0784,461,4174,200,0743,854,7595,500,2894,617,1414,993,6354,962,4625,610,1194,817,5604,707,0464,877,8565,252,5794,531,7794,717,223
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
525,706,456
529,538,867
544,809,944
566,853,672
566,853,672544,809,944529,538,867525,706,456000000000000000000000000000000000
       Property Plant Equipment 
138,390,329
145,875,557
145,368,886
146,078,724
172,154,850
174,465,468
177,148,610
179,576,615
180,956,772
191,228,260
196,913,233
207,155,766
220,181,287
227,363,934
232,245,211
238,711,722
249,892,375
255,194,909
260,272,026
263,032,710
336,447,656
349,222,239
356,848,634
363,501,145
373,784,221
388,041,229
403,901,113
423,846,183
432,599,793
393,539,155
398,208,960
423,475,284
428,310,003
430,950,978
435,548,913
444,829,056
473,201,626
473,201,626444,829,056435,548,913430,950,978428,310,003423,475,284398,208,960393,539,155432,599,793423,846,183403,901,113388,041,229373,784,221363,501,145356,848,634349,222,239336,447,656263,032,710260,272,026255,194,909249,892,375238,711,722232,245,211227,363,934220,181,287207,155,766196,913,233191,228,260180,956,772179,576,615177,148,610174,465,468172,154,850146,078,724145,368,886145,875,557138,390,329
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
67,104,821
84,942,716
79,347,050
72,674,311
80,300,238
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000080,300,23872,674,31179,347,05084,942,71667,104,821000000000000000
       Intangible Assets 
1,393,951
1,417,342
1,343,878
1,311,790
1,279,538
1,206,254
1,233,111
1,253,373
1,239,360
1,236,207
1,255,224
1,193,739
1,341,752
1,303,674
1,224,819
1,252,804
1,173,606
1,192,452
1,195,403
1,133,504
218,777
210,127
202,836
200,567
193,569
201,177
195,872
189,896
183,278
46,060
42,625
39,369
24,289
22,647
21,041
19,453
45,516
45,51619,45321,04122,64724,28939,36942,62546,060183,278189,896195,872201,177193,569200,567202,836210,127218,7771,133,5041,195,4031,192,4521,173,6061,252,8041,224,8191,303,6741,341,7521,193,7391,255,2241,236,2071,239,3601,253,3731,233,1111,206,2541,279,5381,311,7901,343,8781,417,3421,393,951
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-1
1
0
01-10000000000000000000000000000000000
> Total Liabilities 
36,171,441
27,424,697
24,648,588
27,292,403
30,923,332
27,820,796
26,075,477
26,778,883
34,812,179
30,929,911
32,997,207
32,372,525
41,773,610
30,022,835
32,002,757
33,696,320
44,962,233
31,513,640
35,260,270
33,207,881
52,737,832
51,168,639
65,384,119
53,237,889
57,632,436
69,009,748
86,743,777
72,448,619
74,561,916
79,940,928
91,205,071
68,783,503
70,034,264
70,829,331
82,011,195
69,809,435
58,415,708
58,415,70869,809,43582,011,19570,829,33170,034,26468,783,50391,205,07179,940,92874,561,91672,448,61986,743,77769,009,74857,632,43653,237,88965,384,11951,168,63952,737,83233,207,88135,260,27031,513,64044,962,23333,696,32032,002,75730,022,83541,773,61032,372,52532,997,20730,929,91134,812,17926,778,88326,075,47727,820,79630,923,33227,292,40324,648,58827,424,69736,171,441
   > Total Current Liabilities 
28,846,853
20,549,541
17,831,033
23,583,395
26,245,953
22,991,764
19,615,862
20,727,271
27,737,226
23,586,957
24,710,804
24,981,204
34,815,430
22,574,200
24,785,305
25,011,491
37,844,401
23,704,175
26,544,761
26,104,106
35,921,643
35,292,977
48,014,165
36,011,775
43,825,221
49,506,170
66,945,566
52,230,652
64,360,403
72,466,046
83,305,108
61,328,477
62,057,873
66,206,527
77,526,462
64,792,789
55,214,023
55,214,02364,792,78977,526,46266,206,52762,057,87361,328,47783,305,10872,466,04664,360,40352,230,65266,945,56649,506,17043,825,22136,011,77548,014,16535,292,97735,921,64326,104,10626,544,76123,704,17537,844,40125,011,49124,785,30522,574,20034,815,43024,981,20424,710,80423,586,95727,737,22620,727,27119,615,86222,991,76426,245,95323,583,39517,831,03320,549,54128,846,853
       Accounts payable 
5,363,466
4,457,592
4,057,561
5,459,434
5,166,911
4,691,300
5,123,066
5,473,611
5,117,357
5,004,907
5,755,350
5,607,587
6,006,946
4,956,287
5,552,698
5,531,465
5,700,449
5,446,001
5,530,442
4,684,381
0
0
6,795,625
6,716,083
6,830,681
7,798,352
8,599,935
8,600,238
7,173,046
0
0
0
7,727,629
7,315,890
7,229,019
5,478,087
5,875,755
5,875,7555,478,0877,229,0197,315,8907,727,6290007,173,0468,600,2388,599,9357,798,3526,830,6816,716,0836,795,625004,684,3815,530,4425,446,0015,700,4495,531,4655,552,6984,956,2876,006,9465,607,5875,755,3505,004,9075,117,3575,473,6115,123,0664,691,3005,166,9115,459,4344,057,5614,457,5925,363,466
       Other Current Liabilities 
23,483,387
16,091,949
13,773,472
18,123,961
21,079,042
18,300,464
14,492,796
15,253,660
22,619,869
18,582,050
18,955,454
19,373,617
28,808,484
17,617,913
19,232,607
19,480,026
19,176,903
9,453,076
12,394,730
11,859,316
0
0
18,316,937
21,869,805
23,248,539
28,646,360
40,785,170
31,515,526
39,954,290
0
0
0
35,616,053
44,001,153
0
41,342,381
0
041,342,381044,001,15335,616,05300039,954,29031,515,52640,785,17028,646,36023,248,53921,869,80518,316,9370011,859,31612,394,7309,453,07619,176,90319,480,02619,232,60717,617,91328,808,48419,373,61718,955,45418,582,05022,619,86915,253,66014,492,79618,300,46421,079,04218,123,96113,773,47216,091,94923,483,387
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,622,804
4,484,733
5,016,646
3,201,685
3,201,6855,016,6464,484,7334,622,804000000000000000000000000000000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,118,314
0
0
0
0
4,165,670
4,406,476
3,809,547
3,526,758
3,241,409
2,960,398
2,676,843
2,401,136
2,143,859
1,884,252
1,622,295
0
01,622,2951,884,2522,143,8592,401,1362,676,8432,960,3983,241,4093,526,7583,809,5474,406,4764,165,67000001,118,31400000000000000000000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,268,123
2,980,584
2,690,402
146,430
146,4302,690,4022,980,5843,268,123000000000000000000000000000000000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-1
0
1
-1
-110-1000000000000000000000000000000000
> Total Stockholder Equity
284,785,001
292,493,619
297,449,390
305,318,673
308,377,663
313,091,094
318,051,341
324,605,096
326,290,020
333,411,876
339,721,810
349,637,667
350,726,942
359,058,083
364,008,977
370,765,291
370,967,067
376,074,985
385,686,455
392,518,541
457,642,824
468,519,490
466,007,691
482,611,671
491,505,580
506,936,321
512,179,218
532,381,039
545,681,737
562,623,526
564,510,014
583,116,033
593,490,254
614,669,915
613,518,243
627,480,477
638,751,109
638,751,109627,480,477613,518,243614,669,915593,490,254583,116,033564,510,014562,623,526545,681,737532,381,039512,179,218506,936,321491,505,580482,611,671466,007,691468,519,490457,642,824392,518,541385,686,455376,074,985370,967,067370,765,291364,008,977359,058,083350,726,942349,637,667339,721,810333,411,876326,290,020324,605,096318,051,341313,091,094308,377,663305,318,673297,449,390292,493,619284,785,001
   Common Stock
11,090,000
11,090,000
11,090,000
11,090,000
11,090,000
11,090,000
11,090,000
11,090,000
11,090,000
11,090,000
11,090,000
11,090,000
11,090,000
11,090,000
11,090,000
11,090,000
11,090,000
11,090,000
11,090,000
11,090,000
11,090,000
11,090,000
11,090,000
11,090,000
11,090,000
11,090,000
11,090,000
11,090,000
11,090,000
11,090,000
11,090,000
11,090,000
11,090,000
11,090,000
11,090,000
11,090,000
0
011,090,00011,090,00011,090,00011,090,00011,090,00011,090,00011,090,00011,090,00011,090,00011,090,00011,090,00011,090,00011,090,00011,090,00011,090,00011,090,00011,090,00011,090,00011,090,00011,090,00011,090,00011,090,00011,090,00011,090,00011,090,00011,090,00011,090,00011,090,00011,090,00011,090,00011,090,00011,090,00011,090,00011,090,00011,090,00011,090,000
   Retained Earnings Total Equity0000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 0000000000000000000000000000000000000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,399,273
5,399,273
5,399,273
5,399,273
5,399,273
5,399,273
5,399,273
5,399,273
5,399,273
5,399,273
5,399,273
5,399,273
5,399,273
5,399,273
5,399,273
5,399,273
0
05,399,2735,399,2735,399,2735,399,2735,399,2735,399,2735,399,2735,399,2735,399,2735,399,2735,399,2735,399,2735,399,2735,399,2735,399,2735,399,27300000000000000000000
   Treasury Stock0000000-5,299,519-5,299,519-5,299,519-5,299,519-5,299,519-5,299,519-5,299,519-5,299,519-5,299,519-5,299,519-9,599,562-9,599,562-9,599,562-9,599,562-9,599,562-9,599,562-9,599,562-9,599,562-9,599,562-9,599,562-9,599,562-9,599,562-9,599,562-9,599,562-9,599,562-9,599,562-9,599,562-9,599,562-9,599,562-9,599,562
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
11,801,718
11,955,929
13,379,517
13,180,398
13,013,752
10,239,293
10,573,454
11,579,389
11,779,897
11,882,841
9,546,728
9,919,476
9,823,077
9,811,388
10,590,615
10,590,615
10,590,616
9,526,409
9,299,627
16,848,282
9,555,372
0
09,555,37216,848,2829,299,6279,526,40910,590,61610,590,61510,590,6159,811,3889,823,0779,919,4769,546,72811,882,84111,779,89711,579,38910,573,45410,239,29313,013,75213,180,39813,379,51711,955,92911,801,718000000000000000



Balance Sheet

Currency in KRW. All numbers in thousands.




Cash Flow

Currency in KRW. All numbers in thousands.




Income Statement

Currency in KRW. All numbers in thousands.


Latest Income Statement (annual, 2022-12-31)

Gross Profit (+$)
totalRevenue346,240,916
Cost of Revenue-134,366,408
Gross Profit211,874,508211,874,508
 
Operating Income (+$)
Gross Profit211,874,508
Operating Expense-280,905,662
Operating Income65,335,254-69,031,154
 
Operating Expense (+$)
Research Development0
Selling General Administrative140,374,519
Selling And Marketing Expenses0
Operating Expense280,905,662140,374,519
 
Net Interest Income (+$)
Interest Income927,811
Interest Expense-213,214
Other Finance Cost-633,319
Net Interest Income1,347,916
 
Pretax Income (+$)
Operating Income65,335,254
Net Interest Income1,347,916
Other Non-Operating Income Expenses0
Income Before Tax (EBT)71,307,82465,335,254
EBIT - interestExpense = 65,122,040
71,307,824
54,619,869
Interest Expense213,214
Earnings Before Interest and Taxes (EBIT)65,335,25471,521,038
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax71,307,824
Tax Provision-16,901,168
Net Income From Continuing Ops54,406,65554,406,655
Net Income54,406,655
Net Income Applicable To Common Shares54,406,655
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses4,792,770
Total Other Income/Expenses Net0-1,347,916
 

Technical Analysis of Ace Bed Company Limited
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Ace Bed Company Limited. The general trend of Ace Bed Company Limited is BULLISH with 57.1% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Ace Bed Company Limited's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (57.1%) Bearish trend (-57.1%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Ace Bed Company Limited.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 27,450 < 27,450 < 27,450.

The bearish price targets are: 25,200 > 24,277 > 24,135.

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Ace Bed Company Limited Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Ace Bed Company Limited. The current mas is .

The long score for the Moving Averages is 11/14.
The longshort score for the Moving Averages is 8/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Ace Bed Company Limited Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Ace Bed Company Limited. The current macd is 136.41.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Ace Bed Company Limited price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Ace Bed Company Limited. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Ace Bed Company Limited price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Ace Bed Company Limited Daily Moving Average Convergence/Divergence (MACD) ChartAce Bed Company Limited Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Ace Bed Company Limited. The current adx is 19.33.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Ace Bed Company Limited shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.