Though annual report will be out only in November for AGM in December, however, from chairman statement at its web page has proposed 3 sens dividend for current year....
A-Rank (ARNK MK) ---------------------------7TH APRIL Technical BUY with +23.4% potential return Last price : RM0.535 Target Price : RM0.615, RM0.660 Support : RM0.490 Stop-loss: RM0.485 BUY with a target price of RM0.660 with a stop loss placed below RM0.485. Following a breakout from the strong resistance level of RM0.490 (now support), ARNK’s share price established a “rising three methods” pattern on 2 Apr 14 and continued to climb higher. Given renewed buying interest as shown by the rising trading volume in the last 7 days, a positive closing above RM0.540 should ensure upward continuation. With both MACD and Stochastic flaunting a positive signal, we envisage a further climb in the share price along with the rising uptrendline. We peg our upside support at RM0.660 which is projected using 1.61x of the Fibonacci extension level.
company making 8cents per year and growing, somemore aluminium price went up 10%, i recon their profits can double if aluminium price goes up again, then it will be valued at pe 4 times only, dividend somemore, wait for?
A-Rank Berhad through its wholly owned subsidiary, Formosa Shyen Horng Metal Sdn. Bhd. (“Formosa”) (collectively the “Group”) is principally involved in the manufacturing and marketing of aluminium billets. The Group is currently the largest manufacturer and supplier of aluminium billets in Malaysia and one of Asia’s leading suppliers of aluminium extrusion billets.
Aged 48, a Malaysian, was appointed to the Board on 11 March 2005. Mr. Tan has over 20 years experience in the aluminium extrusion industry. He graduated with a Diploma in Civil Engineering in 1986 and joined LB Aluminium Berhad in the same year. He rose through the ranks to be Senior Production Manager in 1993 when he left to join Press Metal Berhad as Production Manager. He left Press Metal Berhad in 1997 to set up Formosa Shyen Horng Metal Sdn. Bhd.
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....
KowChye
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Posted by KowChye > 2012-10-16 12:12 | Report Abuse
Though annual report will be out only in November for AGM in December, however, from chairman statement at its web page has proposed 3 sens dividend for current year....