Short term bearish...not sure how low it will go...Support 2.10....1.55....
On the current date Sbc Position is Long - Moderate Buy based on Medium Term analysis and is Long - Strong Buy based on Long Term. Asset "Volatility Risk" is Medium and "Liquidity Risk" is Medium - High. In the Medium Term, Possible begin of a bearish phase only if a reversal happen. In the Long Term, Possible exaustion of the bull cycle. The stock is still moving upwards but Its strenght is decreasing.
Source RHB - SBC Corp’s downside risk increases after the latest black candle. A position can be liquidated if the stock stays below MYR2.20, while support levels are anticipated at MYR2.00 and MYR1.90. A failure to stay below MYR2.20 may reverse the weakness, while the upward bias can only be taken seriously upon a close above MYR2.30
SBC is undervalued. PE at 5.2 and Net asset of Rm3.89 per share. More than 40 % discount to book value. SBC has the highest GDV/market cap ratio of 21.1.
You cannot just calculate property stocks from NTA. You must look at the land and potential in the development on these lands. Still I would agree that SBC Corp has potential to go above RM3.50, but that may take several years to achieve.
i checked trhough their annual report last year, their land bank in KL is getting lesser for some of their land is being developed. land in KK has little wealth/asset appreciation. somebody enlighten me why their NTA is so damn high
This stock is quite unpredictable ....depending on the operator......I am not sure the stock price moves up because of the market forces by looking at the volume......I have lock in my profit and cleared my position and move to other counter...Good Luck....
On the current date Sbc Position is Neutral - Flat based on Medium Term analysis and is Long - Strong Buy based on Long Term. Asset "Volatility Risk" is Medium and "Liquidity Risk" is Medium - High. In the Medium Term, Begin of a negative phase after a reversal. A short term downward move is expected. In the Long Term, Possible Top of the bull cycle. Although the stock is still pushing up, Its momentum is weakening.
5 years ago yes. so how is KK now? many of my friends in KK stay in terrace house. i see no reason why a condo will be a trend there for the middle/lower class family
SBC Corp may rally after gapping higher on Monday. Traders may buy if the stock closes above MYR2.25, with a close below MYR2.15 as a stop-loss. Should the MYR2.40 resistance level be broken, the price target will be MYR2.50. However, a failure to get above MYR2.25 will likely see the stock trading lower, while further support is at MYR2.00.
Source: RHB - Bloomberg.
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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....
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Posted by unemployed > 2014-05-05 20:25 | Report Abuse
Opportunity to get a piece of SBC Corp action