Market has not been good to UEMS for the past few months.
Why?
77% of her land bank are at Johor, challenging property market outlook, removal from MSCI Malaysia Index.
The most important:
When she Pull Out / Cancellation of MOU with China Chinamall on 27 May in a development in Nusajaya Johor, she is being hit badly.
After the announcement, the share price dropped from 1.11 to 1.03. It was hovering there since. Lowest was 1.01 closed.
What attracted me to look at this counter is not her Good FA.
(latest Q1 2015 EPS = 1.17, annualized is 1.17 X 4 = 4.68: P/E = 1.01/4.68 = 21x)
Look at another graph as below:
Whenever it touches 0.995 at it's low, it bounce back and closed above RM1.
Total 3x it touched 0.995. I am not a fan of UEMS looking at current property market outlook, but I am interested to nibble when it touches RM1 and do a little of swing trade. It reminds me of Bumi Armada few months back. =). Too big to drop below RM1 perhaps?
If this trick does not work, remember your stop loss/cut loss position. THIS TRADING COMES WITH RISK !
As there is no TA or FA to support this trading methodology.
Why?
77% of her land bank are at Johor, challenging property market outlook, removal from MSCI Malaysia Index.
The most important:
When she Pull Out / Cancellation of MOU with China Chinamall on 27 May in a development in Nusajaya Johor, she is being hit badly.
After the announcement, the share price dropped from 1.11 to 1.03. It was hovering there since. Lowest was 1.01 closed.
(latest Q1 2015 EPS = 1.17, annualized is 1.17 X 4 = 4.68: P/E = 1.01/4.68 = 21x)
Look at another graph as below:
Whenever it touches 0.995 at it's low, it bounce back and closed above RM1.
Total 3x it touched 0.995. I am not a fan of UEMS looking at current property market outlook, but I am interested to nibble when it touches RM1 and do a little of swing trade. It reminds me of Bumi Armada few months back. =). Too big to drop below RM1 perhaps?
If this trick does not work, remember your stop loss/cut loss position. THIS TRADING COMES WITH RISK !
As there is no TA or FA to support this trading methodology.
Disclaimer and Declaration
The full content of the article is for educational purposes only and should not be used as investment recommendations. We are not responsible for all investment activities conducted by the participants and cannot be held liable for any investment loss. Examples of specific shares may be citied for illustration purposes.
Regards,
Humble Pie
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