Apex Frozen Foods Ltd (Apex) 🫳🏿 time now ???

Apex Frozen Foods Ltd (Apex) is an integrated producer and exporter of processed shrimps based in Andhra Pradesh, South India. The company has a capacity of 29,240MT.
In Q3-FY23, Apex experienced a 1% year-on-year decline in revenue due to reduced demand in key export markets such as the US and EU, as well as a supply shortage of specific-size raw materials.
Despite the decline in export prices, the company managed to maintain stable realisation year-on-year, helped by rupee depreciation. This is because the decrease in the export price in dollars was offset by the depreciation of the rupee.
Apex's future growth will be driven by its backward integration (hatchery), an increase in the newly-added capacity, and a larger contribution from value-added products.
The company has expanded its ready-to-eat (RTE) capacity from 5,000MT to 10,000MT and anticipates starting commercial production in Q4-FY23.
Apex is currently awaiting approval to sell RTE products from the new capacity in the European market. Europe currently contributes to only 18% of total revenue.
The company's earnings are expected to grow at a 45% Compound Annual Growth Rate (CAGR) over FY22-24.
Apex is currently trading at 9x 1Yr Forward Price to Earnings (Fwd P/E). The company is valued at 10x (3Yr Average=10x) on FY24 Earnings Per Share (EPS)

disc: Invested , first trance taken

Comment:

still holding , could be false breakout or shakeout

let's see not adding another trance

will keep a watch on weekly closing before taking next step


always looks at the left side of the chart many stock positions are in loss

stock will have humty dumpt ride 😉


stay tuned ....

disc: Invested, first trance ( no further position added)

Comment:

I plan to check next week and, if the volume is not decreasing, I will exit. It's all about probability and knowing when to exit early if things are not going in our favor. Let's keep an eye on it.

Comment:

weak market showing strength....

is it because already beaten down or forming a nice base

disc: invested , add more , do you own research
part of the Peaceful Weekend Investing lab portfolio

Comment:

no follow through buying as yet..

might hit my SL on closing basis today...

Let's see

Its always good to get stopped out early because you have opportunity to move to another opportunity...Fail Fast...is mantra


disc: Invested first trance

Comment:

some buying come back

I need to see recent high takeon out first... I am not super convinced

disc: do you own research

Trade closed: stop reached:

No keen to take this further ...

knowing when to exit is key

opportunity loss is biggest risk

disc: no investment

Comment:

Perfect tennis ball action , good , that's why I always exit and keep in radar..

no harm to jump in train again even after stopped out

all part of learning

disc: no investment as yet will add in earliest possible opportunity