
Haw Par Corporation's second quarter net earnings fell by 8.7 per cent to $52.6 million.
Haw Par - Breakup after consolidation ....
On the dengue virus, the authorities expect the number of dengue cases to hit the 10,000 mark over the past weekend, after a total of 9,960 cases has been reported for the year as of last friday. The authorities would be carrying out the actual count today.
The number of preventive measures have also increased with the heighten awareness on the outbreak of the virus. Sales of products which claims to fight the Aedes mosquito, which are sold in home-fix stores, supermarkets and department stores, have reported as much as a 30% rise in the past month.
Tiger Balm, which produces mosquito repellents, ointments and patches, is wholly owned by Haw Par Corp. Haw Par's healthcare segment (Tiger Balm) contributes 71% of revenues and 57.5% earnings to the group for FY12. At the current price of $7.06, Haw Par trades at 12.8x trailing P/E and 0.65x P/B.
Our pivot point is at 6.08.
Our preference: the downside prevails as long as 6.08 is resistance.
Alternative scenario: above 6.08, look for 6.18 and 6.23.
Comment: the RSI is below 30. It could either mean that the stock is in alasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and below its signalline. The configuration is negative.
Moreover, the share stands below its 20and 50 day MA (standing respectively at 6.09 and 6.13).
Finally, Haw Par Corpis trading below its lower daily Bollinger band (standing at 5.99).
Haw ParCorp is currently trading near its 52 week low at 5.7 reached on 01/07/10.
Supports and resistances: 6.18 *6.08 **6.04 5.98 last 5.86 5.8 **5.75 *
Our pivot point is at 6.3.
Our preference: target 5.9.
Alternative scenario: the upside breakout of 6.3 would call for 6.46 and 6.56.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under its 20 day MA (6.21) but above its 50 day MA(6.17). Haw Par Corp is currently trading near its 52 week high reached at 6.35 on 20/04/10.
Supports and resistances: 6.46 *6.3 **6.24 6.18 last 5.99 5.9 **5.8 *
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Now is a good time to Buy any stocks.
Haw Par is a ok company, nothing to shout about.
A Slow and steady stock.
If you wan to own long-term with steady growth, you can Buy Haw Par.
Good for Investing, Not for Trading.
New123 ( Date: 28-May-2010 15:08) Posted:
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Last Fri dropped to to low 336 drop 708 a day before. Now, it is 685.
Chengdu Oceanarium is it affected?
any news from haw par?
or anyone heard anything?