Samko game not over ???

Joes
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12 years 9 months ago #6600 by Joes

Replied by Joes on topic Re:Samko - chart says

CIMB 29 Jun 2011

Samko Timber (SAMKO SP; S$0.20) – BUY
Historical P/E: n.m., P/BV: 4.1x.

• Prices appears to be holding steady above the S$0.17 mark after hitting a high of S$0.26 back
in April. The recent sideways movement looks corrective, and suggests that there is likely one
more leg higher once this consolidation ends.

• MACD has now returned to the zero line without breaking below and the RSI is also holding
above the 40-pts mark. Both indicators support the view that the uptrend is likely not over and
this is only a consolidation period.

• Aggressive traders may want to go long here with a stop placed below the recent low of
S$0.185. Anything below the said low is negative for the stock. We expect the stock to kick on
higher and a breakout above S$0.225 would likely send prices higher to test the triangle
resistance at S$0.25.

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pine
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12 years 9 months ago #6651 by pine

Replied by pine on topic Re:Samko game not over ???

Will the long consolidation end today? At 18 cents, Samko Timber is long overdue for a rebound. Target 23 cents.

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pine
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12 years 9 months ago #6686 by pine

Replied by pine on topic Re:Samko game not over ???

Support seems weak. Only consolidation is that the Sampoerna family had accumulated big time in recent months. Now cannot touch becos in black out period before announcement of 2Q results. If it is a good jump in profit, the stock will be seen in a new light by the market. At 19 cents , still below accumulation price of Sampoerna. Downside looks limited.

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Dongdaemun
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12 years 9 months ago #6730 by Dongdaemun

Replied by Dongdaemun on topic Re:Samko game not over ???

The closing price is worth of a 4-D bet : very swee swee.. 19.9 cents. Hopefully the 2Q profit will be strong and then the stock will reward those who have gotten in at this level.

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yeng
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12 years 8 months ago #6826 by yeng

Replied by yeng on topic Re:Samko game not over ???

This one down 25% ! Was 20 cents now 15 cents.
Its key market is Indonesia. Domestic sales dont get affected by US / Europe problems.

Its reporting currency is USD which has been going down vis a vis rupiah. So it is gonna report better figures for 2Q, i think.

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pine
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12 years 8 months ago #7021 by pine

Replied by pine on topic Re:Samko game not over ???

Investment vehicle of the CEO, Aris Sunarko, has been in the market for 3 days recently, buying the shares at around 15 cents apiece.

Very positive sign.

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