– Fair value:
– EY%: 4.15 – 6.21
– With Current orderbook is approximately RM13.2b with optional contract extensions of RM8.9b.
– By looking at price chart, 4.08 – 4.16 is a very strong resistance zone. The positives are:
– 3.5 – 3.7 is a very strong support zone.
– Spotted 4 higher lows.
– I will wait for bullish breakout from the current ranging zone. ARMADA is not a dividend stock, so it is no point for me to buy it while it is ranging.
Latest Financial – Q4 2013 Financial Report (20 Feb 2013) http://www.bursamalaysia.com/market/listed-companies/company-announcements/1543993
At the time of writing, I did not own shares of ARMADA.