Apr 27-29, FA for GoldenAgr
FA - Quantitative Analysis for GoldenAgr
NAV - 0.709 (Price below NAV)
PE - 4.6 (at attractive PE of 4)
Yield - 1.1% (less than SGP inflation of 2.8% in 2010)
Currently, Golden Agri is the only palm Oil stock that is trading below it's NAV and with a low PE ratio of 4. Golden Agri can be classified as Asset Class where NAV can be used as it's base for reference. It has an improved ROE and ROA ratio. If you compare GoldenAgr with other Palm Oil, it is a value stock to buy in at below NAV.
Apr 27-29, TA for GoldenAgr,
Trend : Down Trend (Trending near 200D Moving Average)
Momentum : Oversold at 20% range
Candlestick : doji forming at 200D MA, might be forming it Higher LOW
Support 1: 0.68 (Do watchout for support turn resistance now)
Support 2: 0.63
Resistance : 0.72
Golden Agr is trading below NAV and is testing the 200D MA. Do watch out for a possible rebound along the 200D MA.
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