my thought. 1.80 sure will hit just time matter. MACD and Stochastic already bad while volume high recent 1 week. Means selling more. Furthermore the MACD lines still at overbought region. wait for more retracement coming.
if u r an investor like cold eye who look at company financial status, u shall keep faber for long term. Though its EPS drop but look at balance sheet, u will realize that the net current asset per share increased from 1.35 to 1.39 while the net asset per share increased to 1.46.
with current price trading at 1.64, the premium is just 12% and with P/E of 5.75, much more lower as compare to those in the industry who have 10+~20+ P/E. So why have short vision on investment but not keeping it long term and enjoy the growth?
Faber is very few mid cap stock that trade in net cash position in bursa. It have as much as net cash 85sen/share or more than half of current share price is form by cash. Faber current price also trade cum final dividend of 10sen, further cushion downside risk.
"faber antara" is going to launch to the public by end if ths month.n ths is a condominium project located somewhere ard persiaran gurney which is located besides lanai gurney. 10 minutes drive to klcc n there is a lrt station stop at damai n it's going to connect to ampang park n klcc station. the price is from rm650/sq ft. and there is 255 units for public to grab n the built-up is from 930 to 2000sq ft.it means the revenue will continue to increase,net profit will increase,EPS will increase,NTA will increase n the cash level will increase as well. All these r catalyst for ths ctr.some other news like acquiring pocket lands n non-consesionaire HSS hve not out of the woods yet. my view is to hold until it explode n the same goes to paramount as well
Faber annual report is out and ... the overall of the cash flow is kinda good ... pick up a pretty large amount of loan to continue with upcoming project ...;
upside is very very limited. after u get the div. share price at 1.5++ u r getting your own money to pay your so called dividend. Subject future management plan is still very foggy..... with only few projects in hand wont bring up the shareprice. Afterall its your money :) as u like
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Jeff Lim
409 posts
Posted by Jeff Lim > 2013-04-10 19:11 | Report Abuse
strong support at 1.50 to 1.45