Techcomp

Moving out of trading range 41c. Very interesting and fundamentally strong company mentioned by forumers as well as McGyver. But it is a bit illiquid. Lets see how will the closing ends.

Trading back to range. The gap up is not confirmed with volume conviction. Will tomorrow be the day?

I got a feeling that the stock is building the base for the next surge. Range-bound for the last 2 months. Valuations-wise still cheap, trading at around analysts' estimates of 6x FY2010 earnings. At its peak, there are 6 houses covering this stock. So, let sit and wait to see which house will cover first.

Hi MacGyver This counter definitely needs more coverage from analyst. There is not volume supporting to push above the resistance. I read the business and it's really good with low PE and high ROE. Warren Buffet type of company? Plus business is really thriving and possible surprise of euro operations. Possibly, it will need to go dual listing in HKSE or SSE for interest to pick up? ezinvest.files.wordpress.com/2010/09/201...ttom.png?w=600&h=450 Regards Tianhong

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[MacGyver 25-09-2010]:
I got a feeling that the stock is building the base for the next surge. Range-bound for the last 2 months. Valuations-wise still cheap, trading at around analysts' estimates of 6x FY2010 earnings. At its peak, there are 6 houses covering this stock. So, let sit and wait to see which house will cover first.
Hi MacGyver, How do you think the strong yen and weak US dollar will affect techcomp, they buy many of their equipments from japan and the sales is in US dollars. The inventories has already been built up in the 1st half of the year, does this mean that they are more or less sheltered from this currency volality?

No.