Thai Beverage (THBEV): Bearish Trend

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Thai Beverage (THBEV) is currently trading in a down trend channel after breaking down from a Head and Shoulders. The price target of this breakdown is about $0.45. THBEV may rebound from the 200D SMA support back to neckline support turned resistance between $0.58 to $0.60 (also the down trend channel resistance and both 20D/50D SMA), before continue the drop to price target.

THBEV July30-2013

 

Key Statistics for THBEV

Current P/E Ratio (ttm) 12.0905
Estimated P/E(12/2013) 17.1601
Relative P/E vs. FSSTI 0.9106
Earnings Per Share (THB) (ttm) 1.1000
Est. EPS (THB) (12/2013) 0.7750
Est. PEG Ratio 1.4060
Market Cap (M SGD) 13,559.41
Shares Outstanding (M) 25,110.03
30 Day Average Volume 34,995,670
Price/Book (mrq) 3.8272
Price/Sale (ttm) 2.0914
Dividend Indicated Gross Yield 3.22%
Cash Dividend (THB) 0.2520
Last Dividend 04/29/2013
5 Year Dividend Growth 6.66%
Next Earnings Announcement 08/14/2013

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Broadcom (BRCM) Trade Idea

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Technical Analysis: BRCM Gapped down after a posting 2Q loss on $501M impairment charges. Currently BRCM is just sitting on the critical support level at about $27.00 (Dec 2012 low) and also the 161.8% Fibonacci Retracement Level.

See Earning Announcement of BRCM.

Trading Plan: Wait another a few more days to see whether this support is strong and show sign of reversal pattern.

Trading Strategy: either Short Put Spread or Long Call

  • STO BRCM Sept 13 30 Put
  • BTO BRCM Sept 13 26 Put
  • If break support, BTC BRCM Sept 13 30 Put to repair (1 month before expiry), else close both positions.

or

  • BTO BRCM Sept 13 28 Call
  • Close position one month before expiry date to minimize Time Decay.

BRCM Chart

BRCM July29-2013

BRCM Fundamental

BRCM Fundamental July29-2013

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