817:HKEXChina Jinmao Holdings Group Limited Analysis

WaveFront Berhad (817) trades at a stark discount to its intrinsic estimate, with a DCF fair value of ~0.98 MYR versus a market price of 0.13 MYR, and a trailing PE of 6.5 against an industry average of 33.7, indicating deep undervaluation. The balance sheet is solid, featuring ample cash of 255.9 M MYR and a modest debt load, though operating margins are negative and revenue growth is flat, underscoring value‑oriented rather than growth dynamics.
Technical signals are mixed: the price sits below its 20‑, 50‑ and 200‑day SMAs, confirming a bearish trend, yet the MACD has turned bullish (line above signal) and RSI sits at 37.8, hinting at possible near‑term support. Volume is increasing, and the stock is hovering just above the identified support level of 0.115 MYR, suggesting limited downside but significant upside potential if sentiment improves.