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Asiaray Media Group Ltd
Buy, Hold or Sell?

Let's analyse Asiaray together

PenkeI guess you are interested in Asiaray Media Group Ltd. 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 Asiaray Media Group Ltd. 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 Asiaray (30 sec.)










What can you expect buying and holding a share of Asiaray? (30 sec.)

How much money do you get?

How much money do you get?
HK$0.02
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
HK$0.56
Expected worth in 1 year
HK$-1.00
How sure are you?
60.0%

+ What do you gain per year?

Total Gains per Share
HK$-1.38
Return On Investment
-216.1%

For what price can you sell your share?

Current Price per Share
HK$0.64
Expected price per share
HK$0.375 - HK$1.37
How sure are you?
50%

1. Valuation of Asiaray (5 min.)




Live pricePrice per Share (EOD)

HK$0.64

Intrinsic Value Per Share

HK$7.48 - HK$26.39

Total Value Per Share

HK$8.04 - HK$26.95

2. Growth of Asiaray (5 min.)




Is Asiaray growing?

Current yearPrevious yearGrowGrow %
How rich?$34.7m$58.9m-$24.1m-69.4%

How much money is Asiaray making?

Current yearPrevious yearGrowGrow %
Making money-$14.3m-$22.1m$7.7m53.8%
Net Profit Margin-6.8%-7.6%--

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

3. Financial Health of Asiaray (5 min.)




4. Comparing to competitors in the Advertising Agencies industry (5 min.)




  Industry Rankings (Advertising Agencies)  

What can you expect buying and holding a share of Asiaray? (5 min.)

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

What can you expect buying and holding a share of Asiaray?

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

Speculation

The Price per Share of Asiaray is HK$0.64. 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 Asiaray.
  • 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 Asiaray, 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 HK$0.56. Based on the TTM, the Book Value Change Per Share is HK$-0.39 per quarter. Based on the YOY, the Book Value Change Per Share is HK$0.18 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 HK$0.04 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Asiaray.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 HK$% of Price per ShareHK$% of Price per ShareHK$% of Price per ShareHK$% of Price per ShareHK$% of Price per Share
Usd Eps-0.03-5.1%-0.03-5.1%-0.05-7.5%-0.03-4.4%-0.01-1.0%
Usd Book Value Change Per Share-0.05-7.8%-0.05-7.8%0.023.6%-0.02-2.5%0.011.0%
Usd Dividend Per Share0.010.9%0.010.9%0.000.3%0.011.1%0.012.3%
Usd Total Gains Per Share-0.04-6.9%-0.04-6.9%0.023.9%-0.01-1.4%0.023.2%
Usd Price Per Share0.17-0.17-0.21-0.46-0.38-
Price to Earnings Ratio-5.12--5.12--4.39--2.52-4.24-
Price-to-Total Gains Ratio-3.76--3.76-8.46--9.56--13.04-
Price to Book Ratio2.32-2.32-1.72-3.85-2.82-
Price-to-Total Gains Ratio-3.76--3.76-8.46--9.56--13.04-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.081792
Number of shares12226
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.010.01
Usd Book Value Change Per Share-0.05-0.02
Usd Total Gains Per Share-0.04-0.01
Gains per Quarter (12226 shares)-540.25-109.43
Gains per Year (12226 shares)-2,161.02-437.71
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1274-2435-2171354-791-448
2547-4870-4332707-1583-886
3821-7304-64931061-2374-1324
41095-9739-86541415-3166-1762
51369-12174-108151769-3957-2200
61642-14609-129762122-4749-2638
71916-17043-151372476-5540-3076
82190-19478-172982830-6332-3514
92464-21913-194593184-7123-3952
102737-24348-216203537-7915-4390

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 Share0.01.00.00.0%0.03.00.00.0%1.04.00.020.0%5.05.00.050.0%5.05.02.041.7%
Book Value Change Per Share0.01.00.00.0%1.02.00.033.3%1.04.00.020.0%4.06.00.040.0%6.06.00.050.0%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%10.00.02.083.3%
Total Gains per Share0.01.00.00.0%1.02.00.033.3%2.03.00.040.0%6.04.00.060.0%8.04.00.066.7%

Fundamentals of Asiaray

About Asiaray Media Group Ltd

Asiaray Media Group Limited, an investment holding company, operates as an out-of-home media company in the People's Republic of China, Hong Kong, Macau, and Southeast Asia. The company operates through Airports Business, Metro and Billboards Business, and Bus and Other Business segments. It develops and operates out-of-home advertising media, including advertising in airports, metro lines, and billboards and building solutions. The company also offers advertising services in bus exterior and interior, and bus shelter, as well as advertising services from other media spaces. In addition, it provides design, consultancy, construction, and maintenance services; advertising production, installation, and dismantling services; and design engineering and consulting services, as well as invests in properties. The company was founded in 1993 and is headquartered in Quarry Bay, Hong Kong. Asiaray Media Group Limited is a subsidiary of Media Cornerstone Limited.

Fundamental data was last updated by Penke on 2024-03-25 13:22:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very inefficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just not able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Asiaray Media Group Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Asiaray earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Asiaray to the Advertising Agencies industry mean.
  • A Net Profit Margin of -6.8% means that $-0.07 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Asiaray Media Group Ltd:

  • The MRQ is -6.8%. The company is making a loss. -1
  • The TTM is -6.8%. The company is making a loss. -1
Trends
Current periodCompared to+/- 
MRQ-6.8%TTM-6.8%0.0%
TTM-6.8%YOY-7.6%+0.8%
TTM-6.8%5Y-5.7%-1.1%
5Y-5.7%10Y-0.6%-5.1%
Compared to industry (Advertising Agencies)
PeriodCompanyIndustry (mean)+/- 
MRQ-6.8%0.7%-7.5%
TTM-6.8%-0.5%-6.3%
YOY-7.6%1.7%-9.3%
5Y-5.7%-0.9%-4.8%
10Y-0.6%0.5%-1.1%
1.1.2. Return on Assets

Shows how efficient Asiaray is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Asiaray to the Advertising Agencies industry mean.
  • -3.6% Return on Assets means that Asiaray generated $-0.04 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Asiaray Media Group Ltd:

  • The MRQ is -3.6%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -3.6%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-3.6%TTM-3.6%0.0%
TTM-3.6%YOY-2.6%-1.0%
TTM-3.6%5Y-1.6%-1.9%
5Y-1.6%10Y2.3%-3.9%
Compared to industry (Advertising Agencies)
PeriodCompanyIndustry (mean)+/- 
MRQ-3.6%0.3%-3.9%
TTM-3.6%--3.6%
YOY-2.6%0.5%-3.1%
5Y-1.6%0.1%-1.7%
10Y2.3%0.5%+1.8%
1.1.3. Return on Equity

Shows how efficient Asiaray is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Asiaray to the Advertising Agencies industry mean.
  • -80.9% Return on Equity means Asiaray generated $-0.81 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Asiaray Media Group Ltd:

  • The MRQ is -80.9%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -80.9%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-80.9%TTM-80.9%0.0%
TTM-80.9%YOY-52.4%-28.5%
TTM-80.9%5Y-41.3%-39.6%
5Y-41.3%10Y-0.2%-41.1%
Compared to industry (Advertising Agencies)
PeriodCompanyIndustry (mean)+/- 
MRQ-80.9%0.6%-81.5%
TTM-80.9%0.4%-81.3%
YOY-52.4%1.2%-53.6%
5Y-41.3%0.8%-42.1%
10Y-0.2%1.6%-1.8%

1.2. Operating Efficiency of Asiaray Media Group Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Asiaray is operating .

  • Measures how much profit Asiaray 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 Asiaray to the Advertising Agencies industry mean.
  • An Operating Margin of -3.0% means the company generated $-0.03  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Asiaray Media Group Ltd:

  • The MRQ is -3.0%. The company is operating very inefficient. -2
  • The TTM is -3.0%. The company is operating very inefficient. -2
Trends
Current periodCompared to+/- 
MRQ-3.0%TTM-3.0%0.0%
TTM-3.0%YOY2.6%-5.6%
TTM-3.0%5Y2.8%-5.8%
5Y2.8%10Y6.3%-3.6%
Compared to industry (Advertising Agencies)
PeriodCompanyIndustry (mean)+/- 
MRQ-3.0%3.9%-6.9%
TTM-3.0%1.6%-4.6%
YOY2.6%3.2%-0.6%
5Y2.8%2.1%+0.7%
10Y6.3%2.4%+3.9%
1.2.2. Operating Ratio

Measures how efficient Asiaray is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Advertising Agencies industry mean).
  • An Operation Ratio of 1.85 means that the operating costs are $1.85 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Asiaray Media Group Ltd:

  • The MRQ is 1.852. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.852. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.852TTM1.8520.000
TTM1.852YOY1.780+0.072
TTM1.8525Y1.453+0.399
5Y1.45310Y1.177+0.276
Compared to industry (Advertising Agencies)
PeriodCompanyIndustry (mean)+/- 
MRQ1.8521.266+0.586
TTM1.8521.261+0.591
YOY1.7801.197+0.583
5Y1.4531.277+0.176
10Y1.1771.192-0.015

1.3. Liquidity of Asiaray Media Group Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Asiaray is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Advertising Agencies industry mean).
  • A Current Ratio of 0.77 means the company has $0.77 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Asiaray Media Group Ltd:

  • The MRQ is 0.769. The company is just not able to pay all its short-term debts. -1
  • The TTM is 0.769. The company is just not able to pay all its short-term debts. -1
Trends
Current periodCompared to+/- 
MRQ0.769TTM0.7690.000
TTM0.769YOY0.747+0.021
TTM0.7695Y0.933-0.164
5Y0.93310Y1.149-0.216
Compared to industry (Advertising Agencies)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7691.446-0.677
TTM0.7691.453-0.684
YOY0.7471.612-0.865
5Y0.9331.620-0.687
10Y1.1491.495-0.346
1.3.2. Quick Ratio

Measures if Asiaray is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Asiaray to the Advertising Agencies industry mean.
  • A Quick Ratio of 0.35 means the company can pay off $0.35 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Asiaray Media Group Ltd:

  • The MRQ is 0.351. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.351. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.351TTM0.3510.000
TTM0.351YOY0.444-0.093
TTM0.3515Y0.711-0.360
5Y0.71110Y0.908-0.197
Compared to industry (Advertising Agencies)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3511.057-0.706
TTM0.3511.048-0.697
YOY0.4441.216-0.772
5Y0.7111.172-0.461
10Y0.9081.205-0.297

1.4. Solvency of Asiaray Media Group Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Asiaray assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Asiaray to Advertising Agencies industry mean.
  • A Debt to Asset Ratio of 0.91 means that Asiaray assets are financed with 91.4% credit (debt) and the remaining percentage (100% - 91.4%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Asiaray Media Group Ltd:

  • The MRQ is 0.914. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.914. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.914TTM0.9140.000
TTM0.914YOY0.931-0.017
TTM0.9145Y0.860+0.054
5Y0.86010Y0.733+0.126
Compared to industry (Advertising Agencies)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9140.548+0.366
TTM0.9140.565+0.349
YOY0.9310.504+0.427
5Y0.8600.534+0.326
10Y0.7330.551+0.182
1.4.2. Debt to Equity Ratio

Measures if Asiaray is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Asiaray to the Advertising Agencies industry mean.
  • A Debt to Equity ratio of 2,068.8% means that company has $20.69 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Asiaray Media Group Ltd:

  • The MRQ is 20.688. The company is unable to pay all its debts with equity. -1
  • The TTM is 20.688. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ20.688TTM20.6880.000
TTM20.688YOY18.769+1.919
TTM20.6885Y13.589+7.099
5Y13.58910Y8.173+5.416
Compared to industry (Advertising Agencies)
PeriodCompanyIndustry (mean)+/- 
MRQ20.6881.115+19.573
TTM20.6881.096+19.592
YOY18.7690.965+17.804
5Y13.5891.146+12.443
10Y8.1731.167+7.006

2. Market Valuation of Asiaray Media Group Ltd

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 Asiaray generates.

  • Above 15 is considered overpriced but always compare Asiaray to the Advertising Agencies industry mean.
  • A PE ratio of -5.12 means the investor is paying $-5.12 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Asiaray Media Group Ltd:

  • The EOD is -2.520. Based on the earnings, the company is expensive. -2
  • The MRQ is -5.119. Based on the earnings, the company is expensive. -2
  • The TTM is -5.119. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-2.520MRQ-5.119+2.599
MRQ-5.119TTM-5.1190.000
TTM-5.119YOY-4.394-0.725
TTM-5.1195Y-2.522-2.597
5Y-2.52210Y4.244-6.766
Compared to industry (Advertising Agencies)
PeriodCompanyIndustry (mean)+/- 
EOD-2.5204.118-6.638
MRQ-5.1195.644-10.763
TTM-5.1192.126-7.245
YOY-4.39410.331-14.725
5Y-2.5227.735-10.257
10Y4.24410.403-6.159
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Asiaray Media Group Ltd:

  • The EOD is 0.414. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 0.841. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 0.841. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.414MRQ0.841-0.427
MRQ0.841TTM0.8410.000
TTM0.841YOY0.822+0.019
TTM0.8415Y7.216-6.376
5Y7.21610Y0.996+6.221
Compared to industry (Advertising Agencies)
PeriodCompanyIndustry (mean)+/- 
EOD0.4141.556-1.142
MRQ0.8411.563-0.722
TTM0.8411.748-0.907
YOY0.8220.484+0.338
5Y7.2160.274+6.942
10Y0.9961.839-0.843
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Asiaray is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Advertising Agencies industry mean).
  • A PB ratio of 2.32 means the investor is paying $2.32 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Asiaray Media Group Ltd:

  • The EOD is 1.140. Based on the equity, the company is underpriced. +1
  • The MRQ is 2.316. Based on the equity, the company is underpriced. +1
  • The TTM is 2.316. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.140MRQ2.316-1.176
MRQ2.316TTM2.3160.000
TTM2.316YOY1.725+0.591
TTM2.3165Y3.852-1.535
5Y3.85210Y2.825+1.027
Compared to industry (Advertising Agencies)
PeriodCompanyIndustry (mean)+/- 
EOD1.1401.520-0.380
MRQ2.3161.616+0.700
TTM2.3161.670+0.646
YOY1.7252.096-0.371
5Y3.8521.806+2.046
10Y2.8251.939+0.886
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Asiaray Media Group Ltd 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---0.390-0.3900%0.178-319%-0.127-67%0.048-914%
Book Value Per Share--0.5610.5610%0.951-41%0.906-38%0.923-39%
Current Ratio--0.7690.7690%0.747+3%0.933-18%1.149-33%
Debt To Asset Ratio--0.9140.9140%0.931-2%0.860+6%0.733+25%
Debt To Equity Ratio--20.68820.6880%18.769+10%13.589+52%8.173+153%
Dividend Per Share--0.0440.0440%0.016+174%0.057-23%0.113-61%
Eps---0.254-0.2540%-0.373+47%-0.222-13%-0.050-80%
Free Cash Flow Per Share--1.5461.5460%1.995-22%1.272+22%0.628+146%
Free Cash Flow To Equity Per Share--1.5461.5460%-0.002+100%0.324+377%0.188+722%
Gross Profit Margin--1.0001.0000%1.0000%0.950+5%0.603+66%
Intrinsic Value_10Y_max--26.388--------
Intrinsic Value_10Y_min--7.483--------
Intrinsic Value_1Y_max--1.851--------
Intrinsic Value_1Y_min--0.666--------
Intrinsic Value_3Y_max--6.167--------
Intrinsic Value_3Y_min--2.085--------
Intrinsic Value_5Y_max--11.211--------
Intrinsic Value_5Y_min--3.586--------
Market Cap310343045.120-103%630384310.400630384310.4000%795254053.120-21%1730162476.544-64%1433881850.656-56%
Net Profit Margin---0.068-0.0680%-0.076+11%-0.057-17%-0.006-91%
Operating Margin---0.030-0.0300%0.026-215%0.028-208%0.063-147%
Operating Ratio--1.8521.8520%1.780+4%1.453+27%1.177+57%
Pb Ratio1.140-103%2.3162.3160%1.725+34%3.852-40%2.825-18%
Pe Ratio-2.520+51%-5.119-5.1190%-4.394-14%-2.522-51%4.244-221%
Price Per Share0.640-103%1.3001.3000%1.640-21%3.568-64%2.957-56%
Price To Free Cash Flow Ratio0.414-103%0.8410.8410%0.822+2%7.216-88%0.996-16%
Price To Total Gains Ratio-1.851+51%-3.760-3.7600%8.455-144%-9.561+154%-13.043+247%
Quick Ratio--0.3510.3510%0.444-21%0.711-51%0.908-61%
Return On Assets---0.036-0.0360%-0.026-27%-0.016-54%0.023-256%
Return On Equity---0.809-0.8090%-0.524-35%-0.413-49%-0.002-100%
Total Gains Per Share---0.346-0.3460%0.194-278%-0.070-80%0.161-315%
Usd Book Value--34780514.40034780514.4000%58922573.400-41%56140239.600-38%57189183.660-39%
Usd Book Value Change Per Share---0.050-0.0500%0.023-319%-0.016-67%0.006-914%
Usd Book Value Per Share--0.0720.0720%0.122-41%0.116-38%0.118-39%
Usd Dividend Per Share--0.0060.0060%0.002+174%0.007-23%0.014-61%
Usd Eps---0.032-0.0320%-0.048+47%-0.028-13%-0.006-80%
Usd Free Cash Flow--95832874.80095832874.8000%123642666.000-22%78802962.480+22%38933260.380+146%
Usd Free Cash Flow Per Share--0.1980.1980%0.255-22%0.163+22%0.080+146%
Usd Free Cash Flow To Equity Per Share--0.1980.1980%0.000+100%0.041+377%0.024+722%
Usd Market Cap39661841.166-103%80563114.86980563114.8690%101633467.989-21%221114764.502-64%183250100.514-56%
Usd Price Per Share0.082-103%0.1660.1660%0.210-21%0.456-64%0.378-56%
Usd Profit---14398331.400-14398331.4000%-22140583.200+54%-13105302.120-9%-2811740.580-80%
Usd Revenue--211282282.800211282282.8000%292033735.200-28%237775478.400-11%210498958.260+0%
Usd Total Gains Per Share---0.044-0.0440%0.025-278%-0.009-80%0.021-315%
 EOD+4 -4MRQTTM+0 -0YOY+12 -235Y+11 -2510Y+12 -24

3.2. Fundamental Score

Let's check the fundamental score of Asiaray Media Group Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-2.520
Price to Book Ratio (EOD)Between0-11.140
Net Profit Margin (MRQ)Greater than0-0.068
Operating Margin (MRQ)Greater than0-0.030
Quick Ratio (MRQ)Greater than10.351
Current Ratio (MRQ)Greater than10.769
Debt to Asset Ratio (MRQ)Less than10.914
Debt to Equity Ratio (MRQ)Less than120.688
Return on Equity (MRQ)Greater than0.15-0.809
Return on Assets (MRQ)Greater than0.05-0.036
Total1/10 (10.0%)

3.3. Technical Score

Let's check the technical score of Asiaray Media Group Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5056.155
Ma 20Greater thanMa 500.537
Ma 50Greater thanMa 1000.677
Ma 100Greater thanMa 2000.782
OpenGreater thanClose0.790
Total2/5 (40.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2018-12-312019-12-312020-12-312021-12-312022-12-31
EBIT  139,094-91,31947,77522,45770,232-10,97359,259-108,777-49,518
Operating Income  139,094-91,31947,77522,45770,2321,37571,607-95,922-24,315



Latest Balance Sheet

Balance Sheet of 2022-12-31. Currency in HKD. All numbers in thousands.

Summary
Total Assets3,153,008
Total Liabilities2,880,860
Total Stockholder Equity139,253
 As reported
Total Liabilities 2,880,860
Total Stockholder Equity+ 139,253
Total Assets = 3,153,008

Assets

Total Assets3,153,008
Total Current Assets1,174,798
Long-term Assets1,978,210
Total Current Assets
Cash And Cash Equivalents 333,320
Net Receivables 535,807
Inventory 22,902
Other Current Assets 31,797
Total Current Assets  (as reported)1,174,798
Total Current Assets  (calculated)923,826
+/- 250,972
Long-term Assets
Property Plant Equipment 1,557,725
Goodwill 2,399
Intangible Assets 29,420
Other Assets 297,916
Long-term Assets  (as reported)1,978,210
Long-term Assets  (calculated)1,887,460
+/- 90,750

Liabilities & Shareholders' Equity

Total Current Liabilities1,528,340
Long-term Liabilities1,352,520
Total Stockholder Equity139,253
Total Current Liabilities
Short Long Term Debt 146,348
Accounts payable 123,166
Other Current Liabilities 185,100
Total Current Liabilities  (as reported)1,528,340
Total Current Liabilities  (calculated)454,614
+/- 1,073,726
Long-term Liabilities
Capital Lease Obligations Min Short Term Debt2,102,439
Long-term Liabilities  (as reported)1,352,520
Long-term Liabilities  (calculated)2,102,439
+/- 749,919
Total Stockholder Equity
Common Stock38,139
Other Stockholders Equity 101,114
Total Stockholder Equity (as reported)139,253
Total Stockholder Equity (calculated)139,253
+/-0
Other
Capital Stock38,139
Common Stock Shares Outstanding 475,676
Net Invested Capital 463,009
Net Tangible Assets 125,947
Net Working Capital -353,542
Property Plant and Equipment Gross 1,892,620



Balance Sheet

Currency in HKD. All numbers in thousands.

 Trend2022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-31
> Total Assets 
497,872
627,069
856,413
992,386
1,260,694
1,132,134
1,307,444
1,599,456
4,413,227
5,277,283
6,669,365
3,153,008
3,153,0086,669,3655,277,2834,413,2271,599,4561,307,4441,132,1341,260,694992,386856,413627,069497,872
   > Total Current Assets 
0
0
637,216
764,737
965,469
872,572
1,041,566
1,278,851
1,310,629
1,427,468
1,572,336
1,174,798
1,174,7981,572,3361,427,4681,310,6291,278,8511,041,566872,572965,469764,737637,21600
       Cash And Cash Equivalents 
164,190
164,099
200,548
135,630
241,946
217,336
299,188
379,931
415,461
378,509
386,038
333,320
333,320386,038378,509415,461379,931299,188217,336241,946135,630200,548164,099164,190
       Short-term Investments 
14,244
38,107
130,516
275,104
114,757
46,737
31,628
6,122
0
0
0
0
00006,12231,62846,737114,757275,104130,51638,10714,244
       Net Receivables 
125,657
209,907
280,335
305,257
352,518
434,156
529,003
761,513
682,861
877,205
547,676
535,807
535,807547,676877,205682,861761,513529,003434,156352,518305,257280,335209,907125,657
       Inventory 
93
118
373
268
1,343
1,326
2,799
2,444
1,833
4,017
10,401
22,902
22,90210,4014,0171,8332,4442,7991,3261,34326837311893
   > Long-term Assets 
0
0
0
0
0
259,562
265,878
320,605
3,102,598
3,849,815
5,097,029
1,978,210
1,978,2105,097,0293,849,8153,102,598320,605265,878259,56200000
       Property Plant Equipment 
54,293
57,642
64,008
83,518
80,760
100,118
89,006
106,235
2,850,843
3,520,507
4,662,296
1,557,725
1,557,7254,662,2963,520,5072,850,843106,23589,006100,11880,76083,51864,00857,64254,293
       Goodwill 
0
0
0
0
0
0
0
2,685
2,685
2,685
2,685
2,399
2,3992,6852,6852,6852,6850000000
       Long Term Investments 
0
0
66,444
40,177
41,815
31,534
33,344
51,698
54,445
0
0
0
00054,44551,69833,34431,53441,81540,17766,44400
       Intangible Assets 
1,120
38
1,052
17,996
16,770
24,773
1,614
42,439
18,322
19,197
17,150
29,420
29,42017,15019,19718,32242,4391,61424,77316,77017,9961,052381,120
       Long-term Assets Other 
0
0
31,816
0
0
259,562
265,878
320,605
3,102,598
0
0
0
0003,102,598320,605265,878259,5620031,81600
> Total Liabilities 
488,114
586,998
649,049
783,615
560,025
549,629
728,266
1,024,279
3,899,947
4,902,531
6,208,312
2,880,860
2,880,8606,208,3124,902,5313,899,9471,024,279728,266549,629560,025783,615649,049586,998488,114
   > Total Current Liabilities 
475,460
557,986
628,972
760,755
553,002
543,549
714,120
943,699
1,344,703
1,742,531
2,103,860
1,528,340
1,528,3402,103,8601,742,5311,344,703943,699714,120543,549553,002760,755628,972557,986475,460
       Short-term Debt 
0
0
125,861
1,568
1,194
60,520
31,628
6,122
151,090
222,188
0
0
00222,188151,0906,12231,62860,5201,1941,568125,86100
       Short Long Term Debt 
0
0
125,861
1,568
1,194
61,638
130,204
191,280
152,206
222,188
155,337
146,348
146,348155,337222,188152,206191,280130,20461,6381,1941,568125,86100
       Accounts payable 
27,071
53,750
59,809
46,236
69,077
83,536
117,580
187,369
92,558
96,339
123,435
123,166
123,166123,43596,33992,558187,369117,58083,53669,07746,23659,80953,75027,071
       Other Current Liabilities 
389,877
452,502
453,560
602,893
204,286
165,431
238,572
236,748
196,857
204,854
229,262
185,100
185,100229,262204,854196,857236,748238,572165,431204,286602,893453,560452,502389,877
   > Long-term Liabilities 
0
0
0
0
0
6,080
14,146
80,580
2,555,244
3,160,000
4,104,452
1,352,520
1,352,5204,104,4523,160,0002,555,24480,58014,1466,08000000
       Long term Debt Total 
0
0
0
0
6,863
5,310
14,146
77,726
2,552,669
3,157,669
4,102,121
0
04,102,1213,157,6692,552,66977,72614,1465,3106,8630000
       Capital Lease Obligations Min Short Term Debt
0
0
-125,861
-1,568
-1,194
-60,520
-31,628
-6,122
3,060,339
3,934,657
5,376,164
2,102,439
2,102,4395,376,1643,934,6573,060,339-6,122-31,628-60,520-1,194-1,568-125,86100
> Total Stockholder Equity
0
23,639
152,317
124,074
648,024
555,925
537,477
462,619
403,908
295,021
330,775
139,253
139,253330,775295,021403,908462,619537,477555,925648,024124,074152,31723,6390
   Retained Earnings 
0
3,707
132,968
95,343
55,727
71,553
121,729
184,450
-7,757
-153,029
283,207
-420,051
-420,051283,207-153,029-7,757184,450121,72971,55355,72795,343132,9683,7070
   Accumulated Other Comprehensive Income 000-265,908-234,212-211,686-168,106-146,525-123,816-96,49100
   Capital Surplus 
0
0
0
0
557,813
461,013
346,613
252,453
380,606
380,606
380,606
0
0380,606380,606380,606252,453346,613461,013557,8130000
   Treasury Stock00-17,336-17,336-17,3360000000



Balance Sheet

Currency in HKD. All numbers in thousands.




Cash Flow

Currency in HKD. All numbers in thousands.




Income Statement

Currency in HKD. All numbers in thousands.


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

Gross Profit (+$)
totalRevenue1,653,226
Cost of Revenue-1,384,062
Gross Profit269,164269,164
 
Operating Income (+$)
Gross Profit269,164
Operating Expense-1,677,541
Operating Income-24,315-1,408,377
 
Operating Expense (+$)
Research Development0
Selling General Administrative325,144
Selling And Marketing Expenses0
Operating Expense1,677,541325,144
 
Net Interest Income (+$)
Interest Income2,203
Interest Expense-208,432
Other Finance Cost-0
Net Interest Income-206,229
 
Pretax Income (+$)
Operating Income-24,315
Net Interest Income-206,229
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-83,675-24,315
EBIT - interestExpense = -257,950
-106,589
95,769
Interest Expense208,432
Earnings Before Interest and Taxes (EBIT)-49,518124,757
Earnings Before Interest and Taxes (EBITDA)1,154,525
 
After tax Income (+$)
Income Before Tax-83,675
Tax Provision-6,074
Net Income From Continuing Ops-89,749-89,749
Net Income-112,663
Net Income Applicable To Common Shares-123,142
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses36,298
Total Other Income/Expenses Net0206,229
 

Technical Analysis of Asiaray
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 Asiaray. The general trend of Asiaray is BEARISH with 71.4% 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 Asiaray'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 (-71.4%) Bearish trend (71.4%)
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 Asiaray Media Group Ltd.

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

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 1.19 < 1.19 < 1.37.

The bearish price targets are: 0.57 > 0.47 > 0.375.

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Asiaray Media Group Ltd 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 Asiaray Media Group Ltd. The current mas is .

The long score for the Moving Averages is 2/14.
The longshort score for the Moving Averages is -10/(-14 +14).

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

Asiaray Media Group Ltd 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 Asiaray Media Group Ltd. The current macd is -0.02569038.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Asiaray price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Asiaray. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Asiaray price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Asiaray Media Group Ltd Daily Moving Average Convergence/Divergence (MACD) ChartAsiaray Media Group Ltd 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 Asiaray Media Group Ltd. The current adx is 19.62.

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 Asiaray 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.
Asiaray Media Group Ltd Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Asiaray Media Group Ltd. The current sar is 0.4734.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Asiaray Media Group Ltd Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Asiaray Media Group Ltd. The current rsi is 56.15. The current phase is Correction in bear market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Correction in bear market: Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
  • Trending up: The RSI is trending up. +1
Asiaray Media Group Ltd Daily Relative Strength Index (RSI) ChartAsiaray Media Group Ltd Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Asiaray Media Group Ltd. The current phase is Correction in bear market.

The long score for the Stochastic Oscillator is 1/6.
The longshort score for the Stochastic Oscillator is -2/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D 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 Asiaray price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Asiaray Media Group Ltd Daily Stochastic Oscillator ChartAsiaray Media Group Ltd Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Asiaray Media Group Ltd. The current cci is 227.29.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
Asiaray Media Group Ltd Daily Commodity Channel Index (CCI) ChartAsiaray Media Group Ltd Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Asiaray Media Group Ltd. The current cmo is 33.61.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Asiaray Media Group Ltd Daily Chande Momentum Oscillator (CMO) ChartAsiaray Media Group Ltd Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Asiaray Media Group Ltd. The current willr is -46.875.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Asiaray is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Asiaray Media Group Ltd Daily Williams %R ChartAsiaray Media Group Ltd Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Asiaray Media Group Ltd.

Asiaray Media Group Ltd Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Asiaray Media Group Ltd. The current atr is 0.06861729.

Asiaray Media Group Ltd Daily Average True Range (ATR) ChartAsiaray Media Group Ltd Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Asiaray Media Group Ltd. The current obv is -1,510,573.

Asiaray Media Group Ltd Daily On-Balance Volume (OBV) ChartAsiaray Media Group Ltd Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Asiaray Media Group Ltd. The current mfi is 60.62.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Asiaray Media Group Ltd Daily Money Flow Index (MFI) ChartAsiaray Media Group Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Asiaray Media Group Ltd.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-06DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-07DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-09CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-14SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-15MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-11-17MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-20CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-21DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-11-22SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-24MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-05CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-08STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-12STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-14STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-22CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-27WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-28MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-08MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-01-10STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-12ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-26STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-30MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-02WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-06MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-07ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-08MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-09CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-14STOCH LONG EXITThe %K line crosses below the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-15ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-16CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-20MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-21DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-02-26CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-28CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-04STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-05MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-12MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-13MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-14ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-20STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-22DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-25DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-03-26SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-27DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.

6.3. Candlestick Patterns

Asiaray Media Group Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Asiaray Media Group Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5056.155
Ma 20Greater thanMa 500.537
Ma 50Greater thanMa 1000.677
Ma 100Greater thanMa 2000.782
OpenGreater thanClose0.790
Total2/5 (40.0%)
Penke

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