AMFIRST above $1.30 by 12-May-2010

  • target price: $1.30 ( 15.04 % in 19 days)
  • price when predicted: $1.13
  • current price: $0.72
  • 2845 days pass target date.
1. Charts showing an uptrend
2. Interim dividend TBA around early May
3. Compulsory acquisition of land by government will result in extra bonus to company
4. Nine-month net profit increased 11.63%, hopefully translating to higher dividends

Buy to keep, as a profit-making REIT it's a safe investment.
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I Think So

Not Likely

Comments

Just to add as a disclaimer: Caveat emptor!
http://biz.thestar.com.my/news/story.asp?file=/2010/4/24/business/6123490&sec=business
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