Last Friday it has managed to bounce-off from the low of 59.5 cents and close higher at 61 cents, looks like it is able to stay above the 60 cents crucial Support level. Failure which, it would be quite critical.
Short term wise, I think we may see a technical rebound . After this rebound, it it is still unable to hold above 60 cents level then it may likely go further down to revisit 56 cents with extension to 50 cents level.
The company would be announcing its FY result on Wednesday - 29th May 2019 before trading commence. I think all eyes will be waiting to see how the results fare for the Final quarter!
NAV 0.446.
Dividend of 3.7 cents.
Not a call to buy or sell.
Pls dyodd.
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