Friday, July 05, 2013
TAS- poised for uptrend?
TAS has just broken above its strong horizontal resistance of RM0.53. Its next resistance levels will be RM0.60 & RM0.70. Based on technical consideration, TAS could be a good trading BUY.
Chart: TAS's weekly chart as at July 5, 2013_9.20pm (Source: Quickcharts)
For QE28/2/2013, it reported a net profit of RM6.1 million on a revenue of RM41 million (go here for more). Its annualized EPS would be about 7.8 sen. At the present price of RM0.54, the stock is trading at a PE of 7 times, which is relatively expensive for a small cap. Its Price to Book is about 0.65 time (based on NTA of RM0.83 as at 28/3/2013).
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, TAS.