i am still holding it. since 2009. This counter is one of investment company of Pahang state government. It has huge land bank in Kuantan area and still not in development yet. Looking for a solid NTA counter is better than a NTA company which have loan alot. NTA near to RM1.70
Pasdec Holdings (PSD MK) Technical BUY with +17.1% potential return Last price : RM0.585 Target Price : RM0.635, RM0.685 Support : RM0.0.550 Stop-loss: RM0.545 BUY with a target price of RM0.685 with a stop loss placed below RM0.545. PSD’s share price has gradually recovered from the low of RM0.500 but has been struggling to surpass the immediate resistance of RM0.550 over the last 3 weeks as the share price consolidates within the “cloud”. Following yesterday’s convincingly strong gain on the back of a higher trading volume of 1.3m shares (vs 20- day average of 0.15m), PSD breached the strong resistance of RM0.550, signifying a genuine breakout. Given the uptick in RSI and a bullish crossover in MACD, we expect stronger momentum to translate into further upward movement that is likely to retest the previous high of RM0.635 in the near term. We peg our medium-term target at the 1.38x Fibonacci extension level of RM0.685.
Attention gentlemen! The company is going to announce a dividen 0f 4 sen very soon! What will be its share price when this announcement is made? Probably overshoot johnny cash target price ??
yes, you are right.. Its going to annouce 4% dividend but it means also going to accounted for 2014 appropriation of of retained earnings (I dont understand what they means)
If I am not wrong, it means it will deduct the dividend pay out to share holders from the retained earnings when they present the final accounts for the annual report
kakijudi, yes you are right. If the right person like Sp setia ex boss or even Sunrise ex-boss dato' Tong.. i think it can fly high... Anyhow, Monday high flying is coming. I think at least 60sen. What you all think?
Can still buy on Monday Bro. Don't worry. Pasdec buy and keep for long term. Their auto division in South Africa doing very well. Also time for them to have a rerating. After all they are one of the biggest developers in kuantan
I agree with you chia88. Really undervalued counter and also lots of potential in PM own state. Potential revenue and profit increase in hydropower and halal food business.
Then after that is 0.86 lo haha. I have a feeling hongleong is selling. After they clear their 9m shares . Pasdec is going to fly like nobody's business
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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....
FreeThink
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Posted by FreeThink > 2014-01-15 20:13 | Report Abuse
http://www.youtube.com/watch?v=gH476CxJxfg