On Hold: Still on Sell trend. MACD not cross yet and Bar below 0, vol getting lower. Relative P/E ratio is lower than 1, and current P/E Ratio is lower than Jan 2015 estimation. Still not a good buy signal but very potential and should be in the watch-list. With the high risk ratio, can actually give it a shot or wait for a better entry when up trend form. Tight SL should be in place if entered.
Entry price: $2.37
Stop loss (SL): $2.20
Take profit (TP 1): $2.80
Take profit (TP 2): $3.20
Risk Reward Ratio (RRR): 7.5
Relative P/E vs. FSSTI (Bloomberg): 0.5453
Current P/E Ratio (ttm): 8.6925
Estimated P/E(1/2015): 10.1277
Remark: Many people are looking at this counter after it affected by the recent Oil Price dropping, if Oil Price recover, it will recover. However, unlike Keppel Corp, SP Kencana Petro is more focus on Oil business. In 3-10 months, it should be able to recover more. Wait for more news update and better entry. Stay tune.
Created by sgstockexpert | Mar 17, 2014
Created by sgstockexpert | Mar 07, 2014