Hi Rannie, (Artical from www.nexttrade.blogspot.com)
Bonia (closed at RM2.06 yesterday) is now trading at a PE of 14 times (based on last 4 quarters' EPS of 15.3 sen). However, we must bear in mind that the last 4 quarters' earning has been negatively affected by the increased expenses in QE31/12/2012 for reasons as noted earlier. In addition, Bonia provided for impairment loss for its investment in associates and investment properties in QE30/6/2012 totaling RM5.4 million. If the impairment provision is excluded and if its sales from new outlets picked up, Bonia may record a full-year EPS of 20 sen; thus lowering its PE to 10-11 times.
Note: Affin had issued a positive report on this stock a few days ago (which was picked up by the Star). Affin valued the stock at RM2.36. The current rally could be driven by this report and there is limited upside to the stock.
Technical Outlook
Bonia tested its uptrend line (SS) support at RM1.70 in early May. It has tested its intermediate downtrend line (RR) at RM2.10 yesterday. Can it break above the downtrend line? If not, it may enter into a correction until investors can consider ist future outlook after studying its quarterly result for QE31/3/2013 which is expected to be out next week.
Conclusion
Based on positive technical outlook, Bonia is a stock worth close tracking. If the result for QE31/3/2013 shows a recovery in its bottom-line (which may justify Affin's positive report), the stock could be a good stock for medium-term investment.
18-May-2013 2:34 PM
Hi bro Jaber, is quite difficult to choose counter now, all likely hit high already. Now i prefer counters below 15 cents, i think now is goreng stock time. Good luck.
14-May-2013 7:00 PM
Hi Jaber/ YCH, I think better stay on sideline now. Tq
14-Mar-2013 5:56 PM
Hi Lucky15, sorry that I'm no comment for this kind of goreng stock.I loss before for "goreng stock" when I still fresh for stock market. Very dangenous if you enter. This is just my view. Good luck!
22-Feb-2013 6:42 PM
I am not interested for China company listed in KLSE. You can refer share price histories for Cnouhua, Kstar, Huaan, Maxwell, Sinotop, Xinquan, XDL, Msport, etc, then you can predict CAP future.
14-Feb-2013 5:35 PM
Hi Jaber, good support for SKPRES at RM0.36, if can surpass 39 cents - 40 cents, then can see another uptrend.
For SYF, strong resistance at RM0.80.
Target price for Tomypak is RM1.35 - RM1.40.
Good luck!
30-Oct-2012 9:12 PM
Hi Jaber, now I looking for SKPRES, SYF and TOMYPAK, stocks for medium term investment. Happy trading and good luck!
28-Oct-2012 5:37 PM
Hi Jahirhussain, I unable to give you any recommendation. But HAPSENG in downtrend now, with strong support at RM1.60.
Good luck!!
6-Sep-2012 7:19 AM
If HUAAN can't hold at RM0.18, downtrnd will be continued. Becareful
14-Aug-2012 9:15 PM
Hi RT, I believe today is just technical rebound after falling. I think may see another falling in coming day. Just my opinion. Good luck to you. :)
17-May-2012 9:57 AM