UOADEV is a very well-managed property investment and development group. This could well be a buying opportunity to get into a very dynamic company.
UOADEV (closed at RM2.35 last Friday) is now trading at a trailing PER of 6.1x (based on last 4 quarters' EPS of 38.38 sen) and at a Price ot Book of 1.0x (at a NTA of, with a price target of RM3.00 on 24 August.
Chartwise, the stock is still in a long-term uptrend which fit into a 3-fan uptrend pattern. Currently, UOADEV is resting on the middle fan-line, S-S2 at RM2.35. If this support failed, it will likely drop to the 3rd fan-line with support at RM2.00.
I believe UOADEV could be a buying opportunity at current price. Given the current weak market condition, your buying should be carried out gradually. Good luck!
Chart: UOADEV's weekly chart as at Oct 20, 2017 (Source: Malaysiastock.biz)
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