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Tuesday, September 24, 2019

Straits Trading

Today it has managed to take control of the selling down pressure and close 1 cents higher at 2.09, looks rather positive!


I like what I see on the chart and we may likely see a rise to retest 2.15 level.

Short term wise, I think a breaking out of 2.15 with good volume that may drive the price higher towards 2.20 then 2.25.


NAV 3.66.
P/B 0.57.
Dividend of 6 cents ,yield 2.85%.
PE of 12x.

Not a call to buy or sell.
Pls dyodd.


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