Maintain TP of RM0.27 (after full dilution of warrants only) and Ex-TP of RM0.18 (diluted for warrants and bonus) based on PE of 5x to diluted FY13 EPS. Due to the limited upside on the stock which closed at RM0.395 (Ex: RM0.20; diluted for bonus only). We are downgrading the stock to a Sell (Hold previously) due to the limited upside.
Solid defense on last minute selling. Next show is the 26 Dec. Will the trading interest (buying queue) sustainable? Need news to boost trading interest.
Looks like mother share will drop like hell to compensate for the free warrant. There are a lot seller who may want to sell first and buy back cheap later...
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....
ninicola
351 posts
Posted by ninicola > 2012-12-22 23:49 | Report Abuse
Close @0.50 next monday? This is the biggest joke after 2012.12.21 lol