FIMA Corporation Bhd announced its 3rd Quarter earning (ending December 2009) of 25.06 sens per share with net assets per share of Rm3.75. Its cumulative earning for the first 3 quarters is 59.92 sens per share. If it can maintain its 4th Quarter earning at 25 sens, it will have a projected earning of 85 sens per share.
At the close of Friday trading, FIMA Corp put on 36 sens to close at Rm3.58, looks rather cheap if we are talking about a projected earning of 85 sens per share.
FIMA Corp is a property management and investment holding company in Malaysia, the company is also engaged in the production of confidential documents and bank notes for the Government.
In recent years its earning has improved greatly as shown above. Since 1998 after hitting a low of about 40 sens, its stock price has been moving up steadily within an up trend channel as shown below. Is it going to break its upper trend line next week?
One of the possible wave count for FIMA Corp is as shown below. Its stock price is currently at sub-wave iii of wave 5 of its major wave (III). This is a good but thinly traded, value for money stock.
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