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outlook

Hi lisa, don't based your buys and sells on the "oversold" or "overbought" signs. They are just indicators. Volume for this counter very inconsistent. But if volume aside, TA shown there will be a sharp price upwards.

 

Hi all,

Is it good to go in now? From the Share Junction stock list, it says that this one is oversold.

~lisa

 

CIMB says it has reduced its target price to $0.46 because of the bookstore chain's patchy record in earnings delivery. Yesterday, Popular said its net profit for its financial first quarter ended July fell to $7.02m from $9.03m yoy, dampened by the strength of the S$ against the HK$.



CIMB said the first-quarter figure was 4% less than it had expected.



"Growth is expected across all divisions, but we shaved our earnings-per-share forecast by 8-9% as publishing is not expected to be as sterling as hoped." CIMB said in a note to clients. " We have also reduced our e-learning contribution, given the persistent slow takeoff, which reflects the lack of a strong sales team," the note said.



Even so, the brokerage is keeping its "outperform" rating because it still expects the company's earnings to grow at a CAGR of 19% in the next three years.

 

Low volume traded leh... 

 

results out on june 29.