Intelligent Investing 88

7 Reason why IOIPG is good buy

intelligentinvesting
Publish date: Sun, 05 Mar 2017, 10:13 AM
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TA + FA = TAFA

In a bullish turnaround stock, its fundamentals may not be bullish till the next quarter's result but its technicals may already trigger a buy signal.

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                                                Image result for IOIPG

                    

 

1. A solid 1HFY 17, 1H 17 CNP of RM463M is above expectation on higher than expected billing      with higher sale at RM1.53B

2. At average 8 sen dividend with price at RM1.95, DY is at 4.1% which is considered high    for big cap. If price at predicted buttom at RM1.87, DY is at 4.3%.

3. Oversold due to right issue.

4. Trading at strong support at range RM1.87- RM1.95 with low downside risk.

5. A potential gain of around 18% at predicted buttom of RM1.87 with TP RM2.20.

6. Major shareholder is accumulating & IOIPG is second largest property company in Malaysia.

7. Bullish sector with FBM Property above 200 days.

 

Disclaimer: This is a personal weblog, reflecting my personal views and not the views of anyone or any organization, which I may be affiliated to. All information provided here, including recommendations (if any), should be treated for informational purposes only. The author should not be held liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein.

 

 

 

 

 

 

 

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3 people like this. Showing 2 of 2 comments

GoldenShares

Agreed, : )

2017-03-05 11:34

bgt9963

ho sieh liow...

2017-03-05 13:02

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