The above fund-raising activity has gotten many people excited about the stock. Censof is a profitable company, which reported a net profit of RM9.4 million on a revenue of RM44.5 million for FYE31/12/2012. At the current price of RM0.58, Censof is trading at a trailing PE of 20 times. That's very high for a mid-cap stock.
From the chart below, we can see that Censof has broken above the strong horizontal resistance at RM0.55. Its next resistance will be at RM0.63.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjOXuiZkVRd8LexglXftXSi0eZrextxZoLlSExHtCwZDNE9egZeWbp-cFVRTZem9T7jI7RDFvkW1D6k_mX5pe-XS7FGdt_wgt6JnGO9x5gsNtF1AmBaCbnaJDW8fVmYfgUWUiGO/s320/Censof+w20130516_9.20am.gif)
Chart: Censof's weekly chart as at May 16, 2013_9.30am (Source: quickcharts)
Based on technical consideration, Censof could be a good trading BUY.
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, Censof.
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