Friday, April 26, 2013

Tomypak- following in the path of Daiboci

Tomypak is in the same packaging business as Daiboci. The chart of both stocks are fairly similar, with Daiboci taking the lead. The daily charts of these stocks are appended below.

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.
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2 comments:

  1. networkingMonday, May 06, 2013 5:44:00 PM

    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

    ReplyDelete
  2. Alex LuTuesday, May 07, 2013 4:02:00 PM

    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.

    ReplyDelete