Chart: KSeng's weekly chart as at Dec 27, 2012_12.00pm (Source: Quickcharts)
Note:
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, KSeng.
4 comments:
The long wait finally comes .... be it real or not ? Time will see...
The Breakout is finally out
Hi Alex:
with the recent rally for kseng, do you see any prospects of this stock touching RM6.00 and above given the chances of tax refund under Taxation Act 108 by the end of this year ? Or a bigger dividend pay out when the co more than able to do so after parting with parkway shares and other equities?
Hi leslieroycarter
I noticed the stock broke into new high 3 days ago. For a stock to do that in a bad market is a strong sign that something positive is coming. Today, it announced a good set of result for QE30/6/2013. Its 1H2013 EPS is 19 sen. Full year EPS would be 38 sen and that would translate to a PE of 14 times.
With the breakout, I think the RM6.00 mark is the next target, which is quite achievable (provided the stock market does not enter a bear market).
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1393293
Post a Comment