should be quiet all the way until tomorrow's budget announcement.... so far, the news in the papers are painting a somewhat negative outlook for properties sector.....
Wow Penang second bridge is beautiful......lights on lights off..........beautiful......and proud to say we have rm 50million more and not overspent .......kudos to Penang and Uem....when in Rome do as Romans do......
2. Share price is now 35% below BOOK VALUE of RM1.16.
3. ALREADY OVERSOLD. Technically the stock is already OVERSOLD with its RSI at only 30. Fundamentally, the stock already tumbled 20% from its highest price of 94.5 sen.The sentiment is so negative on property stocks now that not one person want to look at it. BUT the value should already emerge, judging from the 20% decline in share prices from its peak.
TARGET PRICE RM1.23. Not many brokers cover this stock but Kenanga has a Target of RM1.23. However, do note that the report date is 4-Jun-2013 so things may have changed.
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....
UpDown
63 posts
Posted by UpDown > 2013-10-17 16:27 | Report Abuse
yeah.... tough luck.... wait for another yoyo-ing up some other day....