source: [i3investor]
CUSCAPI - Too late to chase this baby.- Kelvin S Tan
Author: Tan KW | Publish date: Thu, 7 Nov 00:09
CUSCAPI - Too late to chase this baby.
Today, as you can see, an UGLY Shooting Star appears. Coming up from mere 20 sens in May it has got a good run to a new high of 52 sens today. If the next couple of days the price breaks below 46.5 sens then it is possibly a strong trend reversal downwards.
Anyway, CIMB target price is 70 sens valued at 21x CY15 P/E, based on its 2-year average forward P/E. Cuscapi has good long term growth potential as it has roll out its REV a new interactive tablet for restaurants. The company is also looking at open 7 new offices in the region in the next few years.
To me, at this moment, if sitting on profits, better to take some if not all, off the table.
https://www.facebook.com/photo.php?fbid=603674996355891&set=a.105364959520233.3296.100001401883713&type=1
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