Sinomem Fundamental Analysis and Chart Pattern
Sinomem Fundamental Analysis
- Current Price = $0.485
- IPO Price = $0.44
- Current NAV = $0.534
- Current PE = 10.5
- Rolling PE = 7.2
- Dividend Yield = 2.06%
- FY09 Net Profit Margin = 17.7%
- FY09 ROA = 6.6%
- FY09 ROE = 9.2%
- FY09 Current Ratio = 2.16
- FY09 Debt to Equity = 0.13
Sinomem Current Chart Pattern
Sinomem is currently forming a Descending Triangle with a very strong support at $0.47 (which is also a 61.8% Fibonacci Retracement Support). Breaking below this support level will give a very bearish chart pattern for Sinomem. However, breaking out from this Descending Triangle will send Sinomem to minimum price target of $0.72. Base on current PE ratio, this stock is not over value.
Base on Fundamental & Chart Pattern Analysis, Sinomem is not for long term value investing but good for short term trading when breakout. This analysis base on my own stock selection criteria.