Metro after hitting the high of $1.11 on 25th May 2016 it had since drifted lower to touch 89.5 cents on 26th Aug 2016. This is rather bearish.
After it had gone ex.CD on 4th Aug 2016 for 7 cents dividend it has continued to trend lower.
Both MACD & RSI has been driven into oversold territories.
The current price of 89.5 cents is approaching the next support level at 87.5 cents.
Short term wise, I think it may likely bounce off and move up towards 90 cents then 93/96 cents.
I think good value is surfacing for a profitable company with Zero/no debts, Cash on hands of $479m, Net cash per share is about 57.5 cents (479m/828m shares), NAV $1.65, p/b of 0.54x,dividend of 5-7 cents per annum, eps about 8 cents(for conservative figure), PE is about 11x.
(trade base on your own decision)
some of their portfolio overview:
http://infopub.sgx.com/FileOpen/MHLFY2016ResultsPresentation.ashx?App=Announcement&FileID=406586
Retail Operations:
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