Monday, January 13, 2014

SBCCCorp may have a bullish breakout

SBCCorp has just surpassed its July 2013 high of RM1.40. As at 9:30am, SBCCorp was trading at RM1.41-1.42. If this stock can recruit further buying support, its next upleg may begin. the last 2 breakouts led to 60-70% gain. If the same were to happen now, the stock may hit a high of RM2.24-2.38.

As at 30//9/2013, SBCCorp's NTA stood at RM3.69 p.s. Its 1H2014 net profit was RM15 million while its revenue was RM61 million. Its annualized EPS was 36 sen. For more, go here. Thus its current PER & PBV is about 4x and 0.4x respectively. As such, SBBCorp is deemed fairly attractive, albeit being a thinly traded stock.

Based on attractive valuation & technical breakout, SBCCorp could be a trading BUY.

Chart: SBCCorp's weekly chart as at Jan 10, 2014 (Source: Tradesignum)

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, SBCCorp.

1 comment:

Dav C said...

The NTA, P/E and P/B are showing that this stock is healthy. Let's go for it.