Raffles Education: Think Twice if You are Still Living in Denial

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Raffles Education is still trading in a down trend and just bounced down from the Down Trend Resistance Line. Coincidently this $0.43 is also a 61.8% Fibonacci Retracement Level.

Key Statistics for RLS

Current P/E Ratio (ttm)
Estimated P/E (06/2013 ) 40.5000
Earnings Per Share (SGD) (ttm) -0.0747
Est. EPS (SGD) (06/2013) 0.0100
Est. PEG Ratio
Market Cap (M SGD) 354.10
Shares Outstanding (M) 874.31
Enterprise Value (M SGD) (ttm) 568.28
Enterprise Value/EBITDA (ttm) 10.52
Price/Book (mrq) 0.6916
Price/Sale (ttm) 2.6390
Dividend Indicated Gross Yield 1.11%
Next Earnings Announcement 11/09/2012
  • Return On Asset = 1.54%
  • Return on Equities = -12.52%

I don’t see any catalysts on the stock price base on both Fundamental or Technical Analysis.

Cut loss, take profit, continue to hope? Your call.

Continue Reading Raffles Education: Think Twice if You are Still Living in Denial

Raffles Education: Continue on Down Trend

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RafflesEdu is trading in a Falling Wedge and currently testing $0.455 support. If this support is broken, RafflesEdu can go even lower! Currently Raffles Education has not bottomed up yet.

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Raffles Education: Back to Square!

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Raffles Education drops back below 200D MA after started a short life mini bull run last month. RafflesEdu is expected to trade within the range between support ($0.24) and resistance (about $0.29) for the time being.

Previous analysis on Raffles Education.

Continue Reading Raffles Education: Back to Square!