Bursa Alert
Global Market
NewsHot stock TMC Life falls despite improved earnings
Page 1 of 1
Hot stock TMC Life falls despite improved earnings
by Cals Tue 23 Jul 2013, 11:56
Hot stock TMC Life falls despite improved earnings
Business & Markets 2013
Written by Jason Tan of theedgemalaysia.com
Tuesday, 23 July 2013 11:38
KUALA LUMPUR (July 23): Despite posting stronger earnings for the fourth quarter, TMC LIFE SCIENCES BHD [] saw its shares drop today.
TMC Life said yesterday earnings for the fourth quarter to May 31, 2013 (4QFY13), expanded more than four-folds year-on-year to RM941,000 on higher revenue. Its 4Q revenue rose 12% to RM20.6 million.
The company proposed a single-tier final dividend of 3% or 3 sen for FY13.
At 11.19 am, TMC Life fell 2 sen to 44 sen after hitting a high of 45.5 sen in early trades. A total of 6.24 million shares were transacted.
“The stock had gone up for the past few days,” JF Apex Securities analyst Lee Cherng-wee told theedgemalaysia.com over the phone. “Profit-takings were done in the early morning.”
Lee is recommending a “trading buy” on this stock and he expects the stock price to hit 50 sen.
“Investors can take advantage of any profit taking after the recent run-up. However, we advise traders to cut loss if the price falls below 42 sen,” Lee said in a note today.
The stock has now overturned its two-year downtrend and been climbing gradually from a bottom of 27 sen in May 2012, the note said.
Business & Markets 2013
Written by Jason Tan of theedgemalaysia.com
Tuesday, 23 July 2013 11:38
KUALA LUMPUR (July 23): Despite posting stronger earnings for the fourth quarter, TMC LIFE SCIENCES BHD [] saw its shares drop today.
TMC Life said yesterday earnings for the fourth quarter to May 31, 2013 (4QFY13), expanded more than four-folds year-on-year to RM941,000 on higher revenue. Its 4Q revenue rose 12% to RM20.6 million.
The company proposed a single-tier final dividend of 3% or 3 sen for FY13.
At 11.19 am, TMC Life fell 2 sen to 44 sen after hitting a high of 45.5 sen in early trades. A total of 6.24 million shares were transacted.
“The stock had gone up for the past few days,” JF Apex Securities analyst Lee Cherng-wee told theedgemalaysia.com over the phone. “Profit-takings were done in the early morning.”
Lee is recommending a “trading buy” on this stock and he expects the stock price to hit 50 sen.
“Investors can take advantage of any profit taking after the recent run-up. However, we advise traders to cut loss if the price falls below 42 sen,” Lee said in a note today.
The stock has now overturned its two-year downtrend and been climbing gradually from a bottom of 27 sen in May 2012, the note said.
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Hot Stock Press Metal rises 2.72% on improved first quarter earnings
» Hot Stock Globetronics top gainer in early trade on improved earnings
» Hot Stock PIE falls 10.8% after poor 1Q earnings
» Hot Stock JAG falls 7.69% after dismal 3Q earnings
» Hot Stock Teo Seng falls 6.9% on weaker 2Q earnings
» Hot Stock Globetronics top gainer in early trade on improved earnings
» Hot Stock PIE falls 10.8% after poor 1Q earnings
» Hot Stock JAG falls 7.69% after dismal 3Q earnings
» Hot Stock Teo Seng falls 6.9% on weaker 2Q earnings
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum