Based on its breakout above the recent high of RM1.30, Tomypak could be a good trading BUY. Potential target for this move is RM1.80.
For easy comparison, I have grouped the charts by period.
Chart 1: Tomypak's daily chart as at Apr 25, 2013 (Source: Quickcharts)
Chart 2: Daiboci's daily chart as at Apr 25, 2013 (Source: Quickcharts)
Chart 3: Tomypak's weekly chart as at Apr 25, 2013 (Source: Quickcharts)
Chart 4: Daiboci's weekly chart as at Apr 25, 2013 (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, Tomypak & Daiboci.
2 comments:
Hi Alex,
What do u think about another packaging company , CAn-one ? Is it good to buy for long term ? what is the net EPS last year exclude extradionary iterm ?
Many thanks
Hi networking
Canone is fairly attractive. Its annualized EPS if about 60 sen. At RM2.63 now, Canone is trading at a PE of 4.4 times.
If it can go above the RM2.90, it can commence its next upleg.
Post a Comment