Maintain BUY. We continue to like Oldtownâ??s exposure to the defensive F&B subsector and its attractive valuation at 10.5x FY12 EPS, plus decent top- and bottom-line growth moving forward. This will be further enhanced by its regional expansion plans. The company has declared a second interim dividend of 4 sen, bringing the total dividend to 6.5 sen for FY11. We maintain our BUY call, with an unchanged FV of RM1.55.
Oldtown broke above its horizontal resistance at RM1.35 today. With this technical breakout, Oldtown will continue with its prior uptrend. Next target is RM1.50.
boleh pegi around RM2 per share... according to my analysis oldtown had expanded their business more better than others competitors... see the data from oldtown website
By looking at OLDTOWN technical chart, it is forming ashort-term price pattern called bullish flag formation. The sharp rally withhigh volume followed by light retracement with diminishing volume formed theflagpole and flag respectively. If the breakout is successful, the profittarget is around RM1.53 based on the flag target projection.
i drink Old Town coffee at Jusco and others shopping, some shop near some Taman,and at Genting also! just wonder all this cafe belong to Oldtown? start interesting at her......find more infor about her ... not just drink only... haha
Old Town (OLDTOWN, 5201, the Main Board of Trade and service group) business progress at home and abroad highly optimistic about the contribution of the analysts expected regional business better than expected, and is expected to push its rating. OSK Research said the third and fourth new stores in China in August this year; Indonesia this two year-end to open two Indonesian branches by year-end increased to nine in Indonesia next year will be a central kitchen ; another open 2-3 stores in the Lion City. Ipoh new plant is expected to be built in the third quarter of the completed, the fast moving consumer goods business Quzhun middle-income group, is expected in the financial year this block of business beyond its food and beverage industry; has appointed three distributors in China, in the first-line marketing of the cities of Beijing, Tianjin, Shanghai and Guangzhou. The domestic front, in April to promote lunch package contribution to total sales in the second quarter 25%, if this sales momentum to continue and be "halal certification, expected profit for the higher contribution. The package price is between 10 to 12 ringgit.
Based on good financial performance & positive technical breakout, Oldtown could be a good stock for with its future prospect is brightening.I'm looking for long term invest.
kcfan, for a Feel Good Factor; YES. Do visit Old Town let the waiter/waitress see you smile all along. they might feel a bit weird. Ha Ha. Congratulations guys! P.S: I miss this boat :)
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....
andrew168
6 posts
Posted by andrew168 > 2011-07-13 19:07 | Report Abuse
what do u think about old town? i think it will tomorrow