Solid! Total income rises 13% crosses 4 billion . Profit before allowance is up 20%.
A provision of $703m was set aside for bad debts. Net profit is down 29% to $1.17b.
Dividend of 33 cents maintain.
Nice set of result.
Pls dyodd.
Chart wise, looks like it is doing a reversal mode chart patterns, likely to continue to trend higher!
The current price of $19.15 is staying above its EMA 20 and SMA 20, looks rather positive and may likely continue to rise further.
Short term wise, I think a nice breakout of $19.35 plus high volume that may likely propel to drive the price higher towards $20.00 with extension to $21.00.
First quarter result is due tomorrow before trading commence.
All eyes are waiting for further insights whether is there any decrease in quarterly dividend and update for the current market saga and oil price issue.
Not a call to buy or sell.
Pls dyodd.
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