I think this stock is quite potential for pick up as it become many sifu pick up like TCB and KLSE Technical analysis and this is also top pick of RHB in last week seminar also ! Watch out !!
With the American economy in almost full steam and the return of confidence in the housing and consumer discretionary spending,demand for furniture and wood based products will be inevitably in steady demand...this certain bodes well for Evergreen besides with the appreciation of dollar vis -a-vis-ringgit is an added bonus..throw in the cheap fuel price to boot... all the germane indicators point to one single direction only... the gradual acceleration of this counter towards RM 1.50 within the next 6 months...this is the personal opinion of the writer..not a buy or sell call.
so far trading pattern looks like exhausting sellers.when viewed against a rosy future of better fundamentals ,this could portend a take private situation.target book value 1.55.enjoy the ride.
Really Happy NeW Year liao! Remember what was the price of Evergreen in Dec 2014, my advice was stick to it. Even it's going for a minor correction, no harm at all right? Keep it and reap the fruits later.
like I said earlier, trading pattern is one of sponging as much cheap shares while it lasts, bcos fundamentals likely justify and sustain a higher price up to 1.50
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....
ShwuJen
22 posts
Posted by ShwuJen > 2015-01-12 09:52 | Report Abuse
I think this stock is quite potential for pick up as it become many sifu pick up like TCB and KLSE Technical analysis and this is also top pick of RHB in last week seminar also ! Watch out !!
Evergrn - https://tr.im/22529