Now mkt focus on small cap. Choose this one PICORP.
(1) Consistent dividend every year & the latest one is 1.36 cents. With price now 16 cents, dividend is 8.5%. (2) NTA is 17 cents whereas price is now only 16 cents (3) Major shareholders not sell any stocks & in fact, keep on buying back. (4) Latest 2 quarters report is 1.28 cents & if 4 quarter is 2.5 cents, the PE is only 6.4. (5) Cash rich, not high debt. (6) Most importantly, this stock's technical chart is UPTREND & 20 cents is the 1st TP.
PICORP coming. TP is RM0.20. In 2011, with 1.7 cents EPS, this stock shoot up to RM0.20. Now only 2 quarter's result already achieved 1.28 cents, if 4 quarter is 2.5 cents, the PE is only 6.4.
Now huge volume come in... buy before it shoot up to RM0.20.
Over 30% in 1 month before result come out because now volume momentum pick up aggressively...
FYI, this stock is fundamentally sound, unlike other GORENG counter with no foundation. Every year this company issue dividend. I found out that when dividend is high, this stock will be GORENG up a lot like in 2011. Now this counter give 1.36 cents dividend in 2013 (already paid), so if history repeats like 2011, the mkt maker will push up the price with 1st TP RM0.20. 2nd TP RM0.24.
Why less volume? Because this stock is just the 1st wave of uptrend... When it is too obvious to everyone, then volume will be high because mkt maker starts selling their stock holdings like EAH with huge volume... so now safe... dun worry...
the only thing that attract my attention from business background summary - their subsidiary ALS Technichem (M) Sdn Bhd.
I believe ALS Technichem (M) Sdn Bhd just completed their testing laboratory facility expansion at Shah Alam earlier this year. expansion = growth = there is demand.
quick check with ft.com, 5 years eps = -ve figure...maybe just put it into my watch list for further observation
3 quarters profit is over RM11.5 million and the highest profit for the last 5 years is RM11.8 million in year 2008. TP RM0.20 should not be any problem but need to hold for a while. Now small cap is temporarily out of favour like EAH has good earnings but share seems not move up much...
Waited and on board today. Finally positive Volume and price raise........ If continue volume and price increase on wed and/or thu then something big is cooking........
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....
sheridansulik
512 posts
Posted by sheridansulik > 2012-02-16 12:57 | Report Abuse
4% growth for the day! Good time to buy guys!