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Saturday, May 14, 2016

Boustead Singapore

Boustead Singapore  after hitting the high of 90 cents on 1st April 2016 it had since continued to trend lower to touch 0.735 on 13th May 2016. This is rather bearish.

The current price of 73.5 cents is staying below the SMA lines which is generally quite negative.



Also both Macd & Rsi are still pointing downwards which may provide further indication that the share price may continue to trend lower.

Short term wise it may go down to re-visit 71.5 cents  the previous low being tested on 29th Feb 2016.

Any price below 71.5 cents may present a good value /price to consider for accumulation.
EPS is about 6.1 cents. PE of about 12times (73.5 cents) .
Dividend of 3 cents per annum which translate to about 4.1 % (73.5 cents).

I think a PE of 15times=  90 cents (TP) may be achievable in 6 to 9 months time.

(trade base on your own decision)






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