Stock Code : 4898
Price : RM 0.735 (11th December 2014)
Target Price Range : RM 0.80 to RM 0.85
TA had entered into the trading range before the breakout which is between RM 0.75 to RM 0.85.
Currently, TA had hit support range of RM 0.73, while RSI had indicated an oversold position, pending a possible reversal.
Datuk Tony Tiah Thee Kian open market buying in huge manner, raising his stakes to 30.93% (529,491,300 shares)
2014 first 2 quarters cumulative EPS = 5.74 cents
Projection FYE 2014 EPS at 11 cents
Current NTA at RM 1.76
Trading based on FYE 2014 projection EPS of 11 cents
at PER x 7 = RM 0.77
at PER x 8 = RM 0.88
at PER x 9 = RM 0.99
at PER x 10 = RM 1.10
Conservative outlook price target of RM 0.85
equivalent to trading at PER x 7.7, and 52% discount from NTA of RM 1.76
Target rebounding price range : RM 0.80 to RM 0.85
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