We upgrade the stock to a BUY with an unchanged DCF - derived TP of RM0.35. Key downside risks to our BUY call would be lower - than - expected utilisation rate and daily charter rate.
agreed it is a bet, trade stock is a bet, you bet it up or down. Next we look at surrounding factors, we need to give it a reason to predict it up or down. World crude oil is recovered, Company is in better shape with its debt problem they have solution with right issue.
Its just the beginning, the market is a noisy place. Dont get affected by people who dont understand the counter. Your confidence is what builds the stock price stability.
27Nov2017 - 32 cents
I will update again when the price hits a higher mark :)
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....
goodluck999
1,210 posts
Posted by goodluck999 > 2017-11-27 09:08 | Report Abuse
let see if it could touch 0.33 today.