Latitude Tree, FACB Ind, Land & General and PM Corp.

Latitide Tree Holdings Bhd (Rm2.35)


I mentioned 2 stocks on 28th November, Latitude Tree and FACB Ind. At that time both the stocks have just announced their respective quarterly (July to Sept) earning.

For Latitude Tree, earning per share (EPS) is 15.02 sen, net assets per share is Rm 2.57. Since then Latitude Tree has continued with its major wave 3 and moved from Rm 1.48 to Rm 2.35, up 58%.

It is currently forming the wave ix of its major wave 3.

FACB Ind Incorporated (Rm 1.25)

FACB on the other hand has hardly moved at all. In fact it dropped 3 sen from Rm 1.28 to Rm 1.25.

FACB reported EPS of 76.64 sen and net assets per share of Rm 2.61. The high earning was due to its disposal of properties. Without this exceptional item, its profit due to its normal operation was about 2.3 sen a share. After its properties sale, its net cash per share is Rm 1.77

FACB is currently forming its  a-b-c wave 4. That explained why its stock price has been moving side-way to lower.

Land & General Bhd (43.5 sen)

I have modified my wave count as shown below. Its latest quarterly EPS is 3.86 sens and net assets per share is 75 sens. Its cash per share is 42 sens.

Land & General is forming its sub-wave ii at this moment. Its next wave up is the sub-wave iii of major wave 3 of mega wave (3). It is the iii of 3 of (3).

Pan Malaysia Corporation Bhd (22.5 sen)

Its last quarter earning is 3.22 sen a share. Net assets is 48 sen, out of which 20 sen is cash.
The current pull-back can be its wave 6 correction. So watch out for the wave 7, it can be very dynamic with high volume. Just wonder whether its price will go below 20 sen.

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