It was reported in the Edge newsletter that Sasbadi - involved in print publication, digital publication & applied learning- is in the midst of acquiring a company. This news might explain the recent rise in the share price to about RM1.50. If the share price can surpass this level, this stock may rise further. The immediate resistance is at RM1.50 and beyond that, the next resistance levels are RM1.60, RM1.65 & RM1.72-1.74.
Chart: Sasbadi's weekly chart as at Feb 6, 2015 (Powered by ShareInvestor.com)
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, Sasbadi.
2 comments:
Hi Alex,
Can you comment on MASTER?
what do you think for incoming private placement?
Thanks
Hi Jim,
Master broke above its downtrend line at RM0.80. Its valuation is fair, with current PER at 7.6x, PB at 0.7 & DY at 2.4%.
Based on the above, it could be poised to go higher.
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