A store in Pudu sells the best roast pork. So many people drive a long distance just to eat the roast pork there. As the demand is increasing, the owner sells a lot more, increasing his asset turnover, and he also slowly raise his price and increases his profit margin. Still more and more people go. His return of investment keeps on increasing.
Some stores start to mushroom in KL selling roast pork because of the increasing demand. Yes, if that store can do it, why can't we? They even sell much cheaper in order to attract business. However they can't produce the same quality roast pork, not even close to it. Few are able to make it. Some have to close shop due to heavy losses.
Pintaras Jaya (PINT MK) Take profit with potential downside of 6.1% Last price : RM3.80 Target Price : RM3.58 Resistance: RM3.96 Stop-loss: RM3.98 SELL with a target price of RM3.58 with stop loss placed above RM3.98. Following our triple BUY call on 14 Mar 14, 4 Apr 14 and 9 Apr 14, PINT’s share price has surged, exceeding our target price of RM3.60. As the share price retraced from the recent high of RM4.12, PINT formed a “bearish engulfing” pattern that closed below the 10-day SMA line yesterday. In our view, this signals further correction ahead. Our view is supported by a bearish crossover in RSI and negative reading in Stochastic which should translate into further weakness. Support can be seen at the 50.0% Fibonacci Retracement Level of RM3.58, which serves as our near-term target for now.
P'taras has been doing very well for last 7 years. look at ROE, ROA, Net Profit, EPS, Dividend, D/L, free cashflow, PE. I can't find a reason not to invest P'taras for long term basis.
pintaras just completed bonus issue last december. i don't think there will be another bonus issue this year. anybody here know about pintaras securities investment status in fund manager?
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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....
PeaceOfMind
37 posts
Posted by PeaceOfMind > 2014-04-23 10:00 | Report Abuse
wooo soon can buy cheap again :D