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CIMB has issued a research report to maintain their outperform rating as well as raise their target price from $0.33 to $0.345. hope this helps
dunno about that, but seemed to me this counter is gonna move northwards again...comments anyone pls?
it seems to me that such companies in PCB business tend to go up towards the end of the year
Counter getting active?
Low volume counter... not too good for TA people.
I think they acquired a thai company to boast their revenues ! I may be wrong, do check again. I sold mine long time ago !
Anyone knows why this stock went up so much?
Don't waste time on this company. Tech sector is under a lot of cost pressure. Small company like Jadason will have to reduce price to make them attractive. Profit margin will weaken over the next few quarters.
Hi Gallen,
I agree with your opinion on this stock. Do you think it can hit 30 cents?
Extracted from my blog http://kelongstocks.blogspot.com
Please support my blog if you find the writeup informative :)
[B]Technical Analysis[/B]
After breaking out of a downtrend over the past 2 years, Jadason crossed the EMA 200 resistance and is in a steep uptrend channel currently. Chart shows a potential breakout from an ascending triangle, prices stuck between resistance turned support at 20.5 and current resistance of ascending triangle at 21 cents. A breakout on high volumes above 21 cents would probably see prices heading towards a technical target of 26.5 cents.
.............continued at my blog
Extracted from my blog http://kelongstocks.blogspot.com
[B]Fundamental Analysis[/B]
1Q FY06 net profits in line with 4Q FY05 after stripping out extraordinary gain from disposal of fixed assets. Similar to comments made by Eucon and Multichem, Jadason has reported strong demand for its PCB drilling services. Its PCB mass lamination business also experienced strong demand. Revenues and net profits for 2006 expected to improve from 2005 due to company receiving more orders for PCB equipment for delivery in the first half of FY06 as PCB manufacturers expanded their manufacturing capacity.
...........continued at my blog