they have been buying back the shares nearly 10% in total.. but yet see nothing good to the price of the share... really frustrating counter

what happen to the management of the company? why they dnt revalue their properties to the market value?? this counter has been a died fish almost 2 years and yet nothing has been to push or make it to real market value or near to its NTA..... no wonder may ppl has lost patient and confidence to it

Mulpha International (MIT MK)
• Technical BUY with +14.6% potential return
• Last price : RM0.515
• Target Price : RM0.550, RM0.590
• Support : RM0.485
• Stop-loss: RM0.480

BUY with a target price of RM0.590 with stoploss below RM0.480. MIT’s share price has made a breakout above the “rounding bottom” pattern on 23 Jul 14 before peaking at the high of RM0.550. Following a “return move” from the recent high, MIT met the support at the previous resistance of RM0.485 before maintaining consolidation in the past 7 days. However, yesterday’s strong gain on the back of a higher trading volume has established a new up-leg as the share price is set to resume its previous uptrend. The uptick in RSI signals a growing momentum and is thus likely to lift the share price higher in the near term. We expect the uptrend to restart as MIT is likely to retest the previous high of RM0.550, which if breached, could catapult the share price higher.

Expected Timeframe: 2 weeks to 2 months