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SAM Engineering’s price is recovering with decent short-term momentum, but sentiment is cautious. Near resistance, it could rise if volume grows or pull back if momentum fades.
SAMEE shows a bullish short-term trend, with technical signals pointing to potential gains up to RM5.00. Analysts are more cautious, citing sector challenges and setting modest price targets between RM2.92 and RM4.86. Overall, technical momentum is strong, but fundamentals suggest limited upside.
SAM is down 17.89% year-to-date, trading at RM3.78. Despite annual revenue of RM1.48 billion, FY2025 projections have been lowered to RM1.6 billion with an EPS of RM0.14. With a P/E of 26.89x, the stock appears overvalued given the expected 10% EPS growth. The target price is RM4.60, but caution is advised given current market conditions.
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