Maxtral’s last 4 quarters’ net profit amounted to RM14.9 million, which is double that of the preceding 4 quarters. Turnover has increased by 49% from RM130.5 million to RM194.7 million during the same periods. Consequently, its EPS for the last 4 quarters increased by 110% to 7.04 sen from 3.36 sen previously.
The technical picture for Maxtral is quite attractive. The stock has recently surpassed its April high of RM0.39. With this breakout, the stock may rally upward in line with the other timber stocks.
Based on inexpensive valuation & nice technical set-up, I believe Maxtral is a fairly safe timber stock to invest in.
4 comments:
Hai, very interesting blog Sir, just wanna ask,
What do u think of current correction?
I thought it might be just around the corner (as per my latest post). But, this kind of thing is hard to forecast. It is more likely to catch one by surprise. So, if you are uncomfortable, just reduce your position. But, stay with the bull.
Hi Mr Alex Lu,
Just found u have interesting & potentail stock market blog. Therefore added your blog to my link!
http://investmentlink.blogspot.com/
I've just visited Investmentlink. It is a great blog with many nice links. Thank for adding nexttrade to your link.
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