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Wednesday, December 12, 2012

POS- broke above its all-time high (UPDATED)


POS broke above its strong horizontal resistance at RM3.25. From the charts below, you can see that this is the recent high as well as the all-time high. This could be the beginning a strong rally that could potentially hit RM4.00.

Based on technical consideration, POS could be a good trading BUY.


Chart 1: POS's daily chart as at Dec 12, 2012_10.15am (Source: Quickcharts)


Chart 2: POS's monthly chart as at Dec 12, 2012_10.15am (Source: Quickcharts)


Recent Financial Results (updated)

For QE30/9/2012, POS's net profit dropped 17% q-o-q but rose 12% y-o-y to RM30.4 million while revenue dropped 3.5% q-o-q but rose 2.7% y-o-y to RM300 million.


Table: POS's last 8 quarterly results


Chart 3: POS's last 28 quarterly results

Valuation (updated)

Based on current price of RM3.34, POS is trading at a PE of 15 times (based on last 4 quarters' EPS of 22.19 sen). At this PE, POS is deemed fully valued.

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, POS.

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