If not mistaken, this counter is still the largest alum extruder in Malaysia in terms of sizes and capacity. With price at 0.35 +/- currently, I think it reflects for no divident for 2011, and meagre 0.0175 for 2010. Wait one more month to see the result of quaterly rpt ending 31/07/2012 to make decision whether hold or sell..huh?
strong accumulation around current level, price stay strong above 0.6 with good support, expecting much more upside to come given it is significantly below NTA 1.01 and steadily improving earning result
LB Aluminium (LBA MK) Technical BUY with +17.0% potential return Last price : RM0.615 Target price: RM0.690, RM0.720 Support : RM0.565 Stop-loss: RM0.560 BUY with a target price of RM0.720 with a stop-loss placed below RM0.560. Following a successful removal of the strong resistance level at RM0.565 (which has now turned into a support level), LBA’s share price has climbed to the high of RM0.620 before retracing lower over the profit-taking activity. However, LBA has recovered and looks set to break above the recent high on the back of higher momentum. We have noted an increase in the trading volume in the last three days. Thus, a positive closing above RM0.620 would ensure a further upward continuation in the near term. Backed by a bullish crossover in MACD, we expect LBA to nudge higher toward both of our projected targets at 1.38x and 1.61x or RM0.690 and RM0.720 respectively in the near term.
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....
KowChye
181 posts
Posted by KowChye > 2012-08-20 17:41 | Report Abuse
Knows any other Aluminium extrusion company listed on main board for comparison? Helps appreciated.