Last time, wave 3 ( in april) was extended 2.618 x. So now in wave 5, its highly unlikely to have extension at all, probably same strength as wave 1. ( if it extends, you should consider yourself hit a jackpot)
How often do you see the operator played with vol exceed 10 mil in 1 day, after that totally abandon ship? Haha... I'd expect they leave it a little bit red for few days, then they come back.
shouldn't worry to much guy, eventually will move up as it is among the best if compered to other counter of the same rank... such as azrb etc..let enjoy the dividend first (if approved)...
have to look beyond last qtr...anyway the last qtr producing 4cent dividend n assuming minimum dividend for each future qtr is 4 cent dividend then annually would be 16 cent per year (rm160k per 1mil unit) not bad at all much better than bank provided u buy < rm1 per unit....mine average @ rm1.22 per unit.... this may justify long term holding beside the increase in share price...
• Maintain BUY with revised Target Price of RM2.57 (from RM2.81) - We continue to peg our Target Price (TP) at 7.7x FD FY2015F EPS, which was diluted by the share placement completed recently. The valuation is in line with its 3-year mean PE. Our TP still offers 28% upside from the latest closing even after the strong performance of the share price, which surged 88% YTD. However, we believe the strong earnings potential of the Group is yet to be fully priced in.
• Scaling greater heights – We favour the Group for its well diversified business model as well as the potential growth across all division including construction, property, utilities and mplantation divisions. Medium term earnings growth could be derived from the Capital City, which guarantees the Group net gain of c.RM220m or c.RM40m per year over a time span of 5.5 years. Besides, balance sheet was healthy with low net gearing level of 0.23x, while cash in hand and fixed deposit as of FY2014 totaled at RM145.6m or 67sen/share.
I was expecting that people would sell off right after results. So now, time for me to collect. And also, I heard a ib will cover this counter, now bloodbath, my contrarian view sees this as massive oppurtunity,.
If you notice the recovery now...just want to manipulate panicking people into selling and then buying the shares at cheaper price. Fundamental is very good, just see the results..
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Posted by nordimohd > 2014-07-24 16:30 | Report Abuse
dont think it is going anyway cause Friday last trading before long holiday......n let see after raya