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Gallen
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19-Mar-2006 09:35
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Extracted from my blog http://kelongstocks.blogspot.com Please visit my blog for financials and full writeup. Do remember to support my blog too, thanks in advance Fundamental Analysis Placement to Venture Corporation will dilute earnings by 18%. EPS and forward P/E take into account full impact of dilution. Management has stated that they expect at least 30% growth in net earnings, I think they may be conservative and I project 35% increase in net P/L on the back of 40% increase in revenue. Expect slight decline in margins due to increased contributions from Packet Systems, in Digital Infrastructure business, where the gross margin is generally lower. Relative to Datacraft, DMX has higher margins and lower forward P/E. However, Datacraft has a lower Price/NTA levels and has historically traded at higher P/Es (about 25x to 30x P/E) compared to DMX (around 10x to 15x P/E). Furthermore, Datacraft is a MSCI Singapore component stock and has a higher market capitalisation, thus it commands higher valuations. Datacraft has also been buying back its shares from the open market (around USD 1.13 to USD 1.16) which should lend support to current price. .......... continued at my blog |
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Gallen
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18-Mar-2006 21:18
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Extracted fromy blog http://kelongstocks.blgospot.com Kindly visit my blog for full writeup Please remember to support my blog :) Technical Analysis Placement of 83m shares to Venture Corporation was done on 20th Jan 2006 at 86.88 cents (a 3.6% discount to previous day average prices) but prices continued rallying to $1.07 before profit taking set in, causing prices to retrace back to 91 cents. This short term downtrend (see light blue line) was broken on 14 Mar 2006 (breakout at 91.5 cents, close at 94 cents), followed by a gap up to 95 cents the next day. DMX now in a tight trading range between 95 cents and 97.5 cents. Supports: 94 cents (resistance turned support on 12 Jan 06 and gap support), 91 cents(recent low during late Feb 06 and mid-Mar 06, also EMA 50 support has held during this period). Resistances: 97.5 cents (high achieved on 18 Jan 2005 and recent highs during late Feb 06 and mid Mar 06), $1.00 (psychological resistance, also recent resistance turned support turned resistance again), $1.07 (52 week high). Indicators: Neutral but showing bullish signs of reversal. RSI neutral, MACD histogram cutting up from negative to postive region, fast stochastics moving towards overbought zone after cutting up from oversold zone 3 trading days ago. .........continued at my blog |
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