Sakari: The chart still look very bearish!

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Sakari Resources rebound from the recent low of $1.16 and attempt to break the 20D SMA resistance at one time. Unfortunately, the bear prevents Sakari to recover to above $1.40. 20D SMA proved to be a tough resistance to crack since the down trend started in Mar 2012 and Sakari Resources had failed for the 3rd time. Current chart is showing a clear down trend with 20D, 50D and 200D SMA all trending down. 2/5 EMA are showing bearish signal on both daily and weekly chart. More downside ahead if $1.16 support is broken.

Note: Watch out the Net Operating Cash Flow in the coming earning. The Net Operating Cash Flow drops from $128.3 Million (4th Quarter 2011)”to -$16.7 Million (1st Quarter 2012).

Current P/E Ratio (ttm) 7.1516
Estimated P/E (12/2012) 8.3968
Earnings Per Share (USD) (ttm) 0.1409
Est. EPS (USD) (12/2012) 0.1200
Est. PEG Ratio 0.6484
Market Cap (M SGD) 1,444.02
Shares Outstanding (M) 1,137.02
Enterprise Value (M USD) (ttm) 1,294.73
Enterprise Value/EBITDA (ttm) 4.71
Price/Book (mrq) 1.7749
Price/Sale (ttm) 1.2030
Dividend Indicated Gross Yield 9.7245
Next Earnings Announcement 07/27/2012
Continue ReadingSakari: The chart still look very bearish!