Konsort broke above its recent high of RM1.43-1.44. With this breakout, Konsort's uptrend may accelerate. Based on projection, its next target could be RM1.70-1.80.
Based on technical breakout, Konsort could be a good trading BUY.
Chart: Konsort's daily chart as at Oct 18, 2013_11.00am (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, Konsort.
2 comments:
How do you find AsiaBrand? The price keep going up after change business model. Now asset ligth.
Hi yong siewkit
AsiaBrand is a profitable company with its 1Q2014 EPS of 15.55 sen. If we annualized that, we would arrive at an earning of 62 sen!!! At current price of RM3.80, its PE is only 6.4 times- very attractive for a consumer stock in the apparel business.
It surpassed its horizontal resistance at RM3.65 as well as its recent high at RM3.74. This stock could rise further.
Based on bullish technical outlook & attractive valuation, it is a good stock for long-term investment.
Post a Comment