It has managed to bounce off from the low of $7.80 and rises higher to close higher at $8.95,looks rather positive.
This is basically a temporary rebound. Will it go lower again after the momentum freezer off.
For investor, some might have already accumulating as the price has managed to cross over the 20MA line, looks pretty interesting.
NAV $10.39
EPS $1.10.
Dividend of 53 cents.
I think dividend is sustainable as the current EPS is almost more than 2 times of the dividend payout. Let's say EPS came down another 20% to 88 cents due to current dismay market condition dividend payout seems not an
Yield is about 5.9% based on the closing price of $8.95,looks pretty attractive.
Those that has managed to scoop it at $7.80 during the low on 23rd March would have been sitting a nice profit.
Immediate resistance is at $9.07.
Breaking out with ease plus good volume that may likely see the price rises higher towards $9.50 with extension to $9.90.
Not a call to buy or sell.
Pls dyodd.
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