KSL Holdings Bhd

KSL Holdings Bhd (Rm2.43)

KSL gained 6 sens to closed at Rm2.43 today. By now it is quite clear that it is forming its major wave 3.

 

For the first 3 quarters, KLS earned 47.35 sens per share. If it can make another 17 sens a share for its last quarter ending December, it will make 64 sens a share in 2013. Net assets per share is Rm3.34. Even with a Price/Earning ratio of 5, its stock price should be at least Rm3.20

If KSL continues to move higher tomorrow and can stay above Rm2.50 at the close, it is likely that sub-wave iii of wave (iii) has started as shown above.

And if KSL starts to move lower tomorrow and continues to move lower next week, it is more likely that the current pullback is its wave (iv) as shown above.



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