sephiroth, tiny profit is due to expansion on oversea business such as opening of new branch. You can see that they are increase in assets in the financial statement. It is a fast growing company.
Worth to give this company for at least a year to see its expansion materialised with greater profit. China, as projected, shall become its biggest pool of revenues.
Technical indicator not that impressive.....Good sentiment it will go up a bit....bad sentiment will go down very fast..This counter was over bought from mid to mid august....A lot of people got stuck...have to wait before going in...
Based on ESTIMATE EPS of 4 sen per share x PE of 19 = 0.76 (TP)...pending result from focus biz expand into china & philipine.. If the EPS doing much better, then reaching RM 1.00 is always possible
New blood who is from MNC outsourching back ground should further bring down company's cost and increase the EPS...wait for 2 years for cuscapi to shine..meanwhile still accumulating instacom. Happy investing!
FA, i think this is big elephant that just walking slow and start showing the tip of the tooth...wait for the whole big body appeared, then will be the time to consider sell...of course, only when Feb start tapering...Let see what yelle will do when she start her new career...
The gap up formed today suggest a bullish run on this counter backed by an extremely high volume with a support price of 0.415 sen. The MACD crossover was on 9/10 also indicating a bullish trend.
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....
Jason
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Posted by Jason > 2013-08-31 09:58 | Report Abuse
sephiroth, tiny profit is due to expansion on oversea business such as opening of new branch. You can see that they are increase in assets in the financial statement. It is a fast growing company.