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Thursday, March 14, 2019

Hong Leong Finance

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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