Thursday, February 11, 2010

POS Malaysia ... buy opportunity?

POS Malaysia chart as at 11.2.2010. Observe that price movement has become volatile for the last 10 months or so. At the moment there is a bullish divergence between price, RSI and MACD.(see chart above)
I believe that buying it at RM2.10 or below will have a good chance to make a profit in the time frame of 1 or 2 months. Just my suggestion.
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1 comment:

  1. LHSApril 6, 2010 at 6:43 PM

    7th April 2010
    The announcement of a postal tariff hike and pay review for postmen came earlier than many anticipated. While the tariff hike will have a negative impact arising from the 11% decline in volume in FY10, yields on mail items may ultimately jump 80%, thus broadening its total revenue and bottom-line by 38.5% and 174% respectively in 2011 (against FY09 numbers), as the impact of the 20% increase in postmen’s salary on the bottom-line appears minimal. Despite the rally in its share price of late, there is still a 23% upside on the stock based on target price of RM3.52. The RM3.52 is pegged to 12M earnings and the company’s long-term historical average PE multiple of 14x.

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