Bursa Master
MESB - UNDERVALUED PEARL IN THE SEA !!!
BURSAMASTER
Publish date: Wed, 06 Nov 2019, 12:27 PM
UNDERVALUED PEARL IN THE SEA !!!
6 NOV 2019
MOMENTUM TRADING OPPORTUNITY
COUNTER : MESB (Code 7234, Main Market, Consumer Products & Svcs)
Recently, apparel counters have been in trend due to NIKE momentum in DJIA causing global rallies in apparel sector.
I believe MESB, is grossly undervalued at current price. Its latest QR shows EPS of 5.55c, should we see consistent EPS for all quarters, we are looking at full year EPS of 22c. This means the counter is trading at forward PE Ratio of between 2-3 times !! Such is undervalued in my opinion.
I also recently noticed that Directors/subs shareholders are consistently adding shares (Dr Ihsan Osman, Madam Lim Siew Swan, Lee Sey Liang & Eng Yee Koon) since April 2019
I foresee with the current momentum, that this counter shall be able to breakout above its recent high of 53c, to further record new year highs, as long as the company earnings are maintained/improved.
TRADE AT YOUR OWN RISK.
BURSAMASTER SCANNER HAS IDENTIFIED A POSSIBLE MOMENTUM TRADING OPPORTUNITY IN THE ABOVE COUNTER.
HOWEVER, ONE NEEDS TO UNDERSTAND THE INHERENT RISKS INVOLVED IN SUCH TRADING ACTIVITIES.
Regards
BURSAMASTER
BURSAMASTER
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piluba77
Whole bursa undervalue
2019-11-06 12:54