Dear all,
FLASH UPDATE - SAMCHEM, PERSONAL TP BETWEEN 0.80 - 1.00
I would like to post this quick flash update with regards to SAMCHEM HOLDINGS BERHAD or SAMCHEM (Code 5147) as this stock has caught my interest due to its rising volume and price movement this morning. It has been lying quiet for a while and today's price-volume action is something to ponder.
1. TA
Let's refer to below chart for discussion purpose. I noticed this stock had hit its 1 year low of 59.5 cents few days ago but buyers have been supporting this level for quite a while. After looking further at the chart today, it is seen that the stock had broken its downtrend channel, with siginificant volume increase and now is entering bullish bias. First resistance is seen at 80 cents, whilst next resistance at RM 1.00.
2. FA
On earnings, let's refer latest QR summary as below. Total full year EPS for current Financial Year is 7.85 cts. Therefore taking a 10X PE ratio, we should arrive at target price of 78.5 cts (which roughly matches the R1 in the chart below at 80 cts).
FLASH UPDATE - SAMCHEM, PERSONAL TP BETWEEN 0.80 - 1.00
I would like to post this quick flash update with regards to SAMCHEM HOLDINGS BERHAD or SAMCHEM (Code 5147) as this stock has caught my interest due to its rising volume and price movement this morning. It has been lying quiet for a while and today's price-volume action is something to ponder.
1. TA
Let's refer to below chart for discussion purpose. I noticed this stock had hit its 1 year low of 59.5 cents few days ago but buyers have been supporting this level for quite a while. After looking further at the chart today, it is seen that the stock had broken its downtrend channel, with siginificant volume increase and now is entering bullish bias. First resistance is seen at 80 cents, whilst next resistance at RM 1.00.
2. FA
On earnings, let's refer latest QR summary as below. Total full year EPS for current Financial Year is 7.85 cts. Therefore taking a 10X PE ratio, we should arrive at target price of 78.5 cts (which roughly matches the R1 in the chart below at 80 cts).
Considering all the above, my personal TP for SAMCHEM is set between RM 0.80 - 1.00.
LET’S SEE HOW THE SHARE PRICE MOVEMENT IN THE NEAR FUTURE FORBEARING ANY GOOD CORPORATE NEWS.
I WILL PLACE SAMCHEM INTO MY INVESTMENT PORTFOLIO BEFORE FUNDS START BUYING INTO IT.
I ANTICIPATE A GOOD RETURN ON THIS INVESTMENT.
Disclaimer : The above opinion is not a BUY CALL but only sharing my observations.
I ANTICIPATE A GOOD RETURN ON THIS INVESTMENT.
Disclaimer : The above opinion is not a BUY CALL but only sharing my observations.
BURSAMASTER
https://klse.i3investor.com/blogs/Bursa_Master/201412.jsp
