Latitud (closed at RM1.27 as at Feb 27) is now trading at a PE of 8 times (using the annualized EPS of 15.7 sen) or at a Price to Book of 0.5 times (using a NTA per share of RM2.48 as at 31/12/007). Thus, Latitud is deemed inexpensive at these multiples.
Chartwise, Latitud appears to be bottoming out at the present price level of RM1.20-30. There is no sign yet that the stock will be reversing upwards anytime soon.
Chart: Latitud's daily chart as at February 27, 2008 (courtesy of Quickcharts)
Based on improving performance, Latitud is good for slow accumulation. I had noted earlier that the stock is a laggard (go here). A better categorization is that the stock is a possible contrary play.
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