already trade at 52-week high now. could buy if it stays above 0.865, stop loss at 0.835. target 1.00, if can break 0.95. if cant hold above 0.865 could see the stock trade lower and downside risk will increase if 0.80 level pecah liao.
Nice closing although i expected it to close higher, the heavy selling pressure indicated by long upper tail could be due to the huge vol owned by contra players forced to profit take today.
With the good closing yesterday,abv 0.89 res,i expect the trading range for today 0.88-0.96.Think we wud c an uptrend channel,a small one,in progress.Wud it hit 1.02 n 1.08 after breaking the res line,remains to be seen.
Expected selling pressure and profit taking today... let them sell first, later only boost it up. This share fundamentally strong, should not drop much today.
For today, technical indicators showed strong resistance at RM 0.960. If can break this, then the share will head towards RM 1, the next resistance level.
Something from Maybank-IB this morning : support - .76 and .90 resistence - .93 (all time high) TP - 1.20 and 1.60 Decent PB of 1.07X Pretty high pre-tax profit 15.2% Dividend yield 2.2%
on the short term chart,0.88-0.90 is the base till now from this morning...shud c it abv 0.93 later for minimum upside target at 0.96.A close abv 0.93 wud call for a test at 1.02,next near term upside target.
Expanding customer base. Prior to this, all of TAS’ oil and gas (O&G)-related orders were from Singapore and the United Arab Emirates (UAE), whilst orders for its vessels came from Indonesian mining and timber players. Hence, we are fairly optimistic on this newly-clinched contract as it marks the company’s entry into the Indonesian O&G market. This further allows TAS to diversify its clientele base and mitigate customer concentration risk.
BUY, FV raised to MYR1.18. With the larger orderbook, we are revising our FY14F upward by 2.0% while raising our FV to MYR1.18 from MYR1.15, pegged to a P/E of 9x, which is a 55% discount to its four-year average P/E of 16.5x. We continue to like TAS for its: i) strong orderbook, ii) positive growth prospects in the O&G sector, (iii) ability to capitalise on the low-tax system in Labuan, and (iv) solid balance sheet. TAS is trading at a FY14 P/E of 6.4x.
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....
Flannel
175 posts
Posted by Flannel > 2013-10-08 15:42 | Report Abuse
lol scott