Half year Total Net profit is down 4.9% to $22.23m.
EPS for 2Q is down 18.7% to 1.57 cents . Half year EPS is lowered at 2.76 cents .
Let's presume Full year EPS of 2.76 x 2.5 = 6.9 cents .
Current price is 99 cents , therefore, PE is about 14.35x.
To me , it seems a bit ecpenexpe at 99 cents. Perhaps 70 cents at PE 10x which is about the fair value .
Not a call to buy or sell.
Please do you own Due diligence.
TA wise, it has broken down the recent low of $1.00 level which is deemed as rather bearish!
The current price of 99 cents would it continues to go lower or bounce-off to trade above the resistance level at $1.00.
Would leave it to Mr.Market to tell us the direction going forward.
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