no worried whether the wistron on the stake buy or not, Their current business still remain intake and sound. Can long term hold for business growing and consistant div paid out. Unless there is an adverse news
Formosa Prosonic Industries ---------------------dated 19//03//14 (FOR MK) Technical BUY with +16.3% potential return Last price : RM0.920 Target Price : RM1.02, RM1.07 Support : RM0.880 Stop-loss: RM0.865 BUY with a target price of RM1.07 with a stop loss below RM0.865. FOR’s share price has been advancing consistently above the 21-day SMA line since 7 Jan 14 while the share price continues to rebound off the 10-day SMA line, suggesting an opportunity to jump in on a pullback. Nevertheless, yesterday’s positive closing above the recent high of RM0.910 has confirmed a series of zigzag movements that are to resume given that the share price, backed by surging momentum as flashed by Stocashtic and a stronger trend indication from DMI, should spur fresh buying interest which should ultimately push FOR higher. Thus, we peg our upside target at the 1.61x Fibonacci extension target of RM1.07 over the medium term.
First interim single tier tax exempt dividend of 6.0 sen per ordinary share of RM0.50 each in respect of the financial year ended 31 December 2013 (31 December 2012: 6.0 sen).
see this , now 0.805 ... even at 0.85 b4 x ada untung tak : )
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....
sephiroth
14,145 posts
Posted by sephiroth > 2014-02-25 16:34 | Report Abuse
good support at 89