Although the ROE is lesser than the local bank counter that is achieving double digits ROE but at 6.45% is still considered quite good.
I am treating this counter as a dividend income investment as opine to the capital appreciation .
This is still considered as a high yield dividend yield counter that is giving a dividend yield of 5.5%.
Pls dyodd.
Chart wise, looks bullish!
The current price of 2.73 is staying well above its 20,50 & 200 days moving average, looks like it may likely continue to trend higher.
RSI is still rising nicely upwards and may provide further indication of rising further.
Short term wise, I think it may likely re-attempt 2.75.
Breaking our of 2.75 smoothly + good volume that may propel to drive the price higher towards 2.80 then 2.83.
Dividend of 10 cents dividend going XD on 6th May 2019.
Together with interim dividend of 5 cents, yearly dividend of 15 cents looks quite attractive.
NAV 4.205.
P/B 0.649.
PE 10.24
Not a call to buy or sell.
Pls dyodd.
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