From the prospectus, we can see that Sendai's net profit increased from RM59.4 million to RM83.3 million & then to RM123.5 million from FY2008 to FY2010. Its turnover had similarly increased from RM783 million to RM817 million from FY2008 to FY2009 but dropped to RM745 million in FY2010. Based on the net profit figure for FY2010 and the current outstanding shares of 774 million, Sendai's EPS is about 11 sen. At RM1.76, Sendai is trading at a PE of 11 times. At this PE multiple, some may see further upside for this stock.
Sendai traded on high volume & chalked up a gain of 6 sen to RM1.76 as at 12.00 noon. That is the horizontal resistance for the stock. It has a good horizontal support at RM1.66-1.68. If it can break above this level, the stock may commence on its upleg.
Chart: Sendai's daily chart as at August 4, 2011_11.45am (Source: Quickcharts)
7 comments:
Hi Alex, MNRB has finally broken out after its 20 cents dividend announcement. It is up by almost 40cents since before the announcement. What do you think is a good price to take profit?
Dear Alex
Sp setia may not have futher nehotiation with E&O, will this have any sell down on E&O in the near term? thanks.
Hi Alex
Can comment Crest builder share performance. It is currently trade at 72sen, again its NTA of RM 2.08, Q1 EPS of 13.9sen?
hi alex, sendai is comparable with kkb, kkb's latest quarter earning shows a bit decline in earning, what do u think of kkb earning prospect? p/e is around 7-8
Hi Muhd Izzat
KKB's technical outlook has turned bearish as the stock is now:
1) below its 200-day SMA line; and
2) its 50-day SMA line cut below the 200-day SMA line.
Hi hng
Crest builder broke its long-term uptrend line at RM0.72-0.74 a few days. BTW Gamuda & IJM have also broken their respective long-term uptrend line last week.
Hi AlexP
I guessed it is a moot point now but MNRB has good support at the 50-day SMA line at RM2.90 & its resistance is at RM3.00, RM3.15 & RM3.40.
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