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Extracted from my blog http://kelongstocks.blogspot.com
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[b]Fundamental Analysis[/b]
Asia Dekor is vertically integrated producer and distributor of laminated floor and related products in Asia, recent completion of its particleboard production plant to boost revenue (annual capacity of 200,000 cubic metres).
Trades at below forecasted NTA of 17 cents, Price/NTA is only 0.8x.
Net profit forecasted to rise 28% from a year ago, despite revenue being expected to rise 35% as net margins are lower in 2006 due to higher admin expenses and finance costs.
Stock offers decent forecasted yield of 3.5% at current prices (forecasted final dividend expected to increase due to improved results).
.........continued at my blog
Extracted from my blog http://kelongstocks.blogspot.com
Please visit my blog for full writeup.
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Fundamental Analysis to be posted tomorrow morning at around 8:30am
[B]Technical Analysis[/B]
1st chart shows breakout from 4 year downtrend on 5th Jan 2006 (hitting an intra-day high of 11 cents). Prices also crossed the EMA 50,100 and 200 in late Nov 2005 and held at the EMA 200 support subsequently.
Supports: 13 cents (resistance turned support in mid Feb 2005) & 13.5 cents (recent lows during Mar 2006)
Resistances: 15.3 cents (resistance during May and Jun 2002), 16.5 cents (intraday high in early Feb 06), 17.3 cents (support turned resistance - Jan to Mar 2002) and 18.3 cents (resistance during Jan to Mar 2002)
......... continued at my blog