TAS Offshore (TOB MK) Technical BUY with +13.0% potential return Last price : RM1.38 Target Price : RM1.44, RM1.56 Support : RM1.32 Stop-loss: RM1.29 BUY with a target price of RM1.56 with stop loss below RM1.29. TOB’s share price has been trading within a series of lower highs from 10 Jan 14 before making a breakout from the short-term downtrendline on 16 Apr 14. The share price surpassed the strong resistance of RM1.32 yesterday on the back of a higher trading volume of 13.8m shares (vs 20-day average of 2.0m) yesterday which, given the lack resistance, should lead to further upward continuation hereafter. Given the strong momentum as suggested by positive signals in both the MACD and Stochastic, we expect TOB to nudge higher and thus peg our upside target at the 1.38x Fibonacci projection of RM1.56 in the near term.
tomorrow super buy call for tas offshore, rhb analyst use pe of 12x on earnings of 13.5c for FY2014, now only 3Q 2014, already made 15c, conservatively full year contribution should be minimum 18c, give a pe of 12x = RM2.16
Posted by unemployed > Apr 18, 2014 01:59 PM | Report Abuse X
Net profit for first half of FY14 (ie Jun - Nov '13) already RM15.8m RHB report dated 17 Mar 2014 .... forecast net profit FY14 RM23m & FY15 RM25.7m with target price RM1.57 (PER 12 - 25% discount to 4yr average of PER 16) If coming results in line, even if not better than, with H1 FY14, I think we can smile :)
Sep13 to Nov 13 price jumped from ~50sen to above RM1 So have been consolidating until now Latest look like a triangle? Let's hope break above RM1.32 this afternoon or the next few days
I first bought at 75sen and have been accumulating and patiently waiting for the last few months Has the time come for a breakout???????????? :))
WOW !! If based on the 12 PE assigned by RHB. The new TP for TAS should be 12 X 18.5 EPS (convervative) = RM2.22. Another 77 % upside. Accumulating now. Read this and see why. http://klse.i3investor.com/blogs/kianweiaritcles/50801.jsp
TAS Offshore Bhd’s earnings jumped 200% to RM7.26mil in the second quarter ended Nov 30, 2013 from RM2.42mil a year ago, aided by the sale of a tug boat.
TAS Offshore, whose core activities are shipbuilding and ship repairs, said on Monday its revenue rose 59.6% to RM49.04mil from RM30.72mil. Its earnings per share were 4.13 sen compared with 1.38 sen.
For the first half ended Nov 30, 2013, its earnings increased by 208% to RM15.79mil from RM5.12mil in the previous corresponding period. Its revenue was 62.2% to RM78.68mil from RM48.49mil - thestar
I am RHB Investment 's client. Everytime B4 new TP announce in newspaper, RHB ( KL-PJ ) will email the latest stocks TP into my personal email account. Trust me, bro sis, Keep and told TAS !
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....
ameen007
152 posts
Posted by ameen007 > 2014-04-20 23:39 | Report Abuse
Wanderabara, your link must put access password.
May I know what does it say?