GMG Global: Prepare for the Free Fall!

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A Triple Tops has been formed on GMG Global Stock Chart. Break down from $0.30 support level will send GMG Global to minimum price target of $0.265.

The fundamental of GMG Global does not support the current stock price. Prepare for the FREE FALL!

Financial base on FY09

  • Current PE = 229 (Base on $0.28)
  • Rolling PE = 29
  • NAV = $0.1046
  • Net Profit Margin = 2.6%
  • ROA = 0.9%
  • ROE = 1.2%
  • Current Ratio = 4.5
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Investing & Trading Rules and Philosophy

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  • You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready, you won’t do well in the markets. — Peter Lynch

 

  • When stocks are attractive, you buy them. Sure, they can go lower. I’ve bought stocks at $12 that went to $2, but then they later went to $30. You just don’t know when you can find the bottom. — Peter Lynch
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Comparison of Singapore Telco Companies Stocks

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PE ratio and Dividend Yield comparison for SingTel, StarHub and M1.

SingTel Chart

Head and Shoulders formation for SingTel stock chart, currently SingTel is testing the neckline at about $3.08 which is also a  78.6% Fibonacci Support Level. Breaking down this neckline with huge volume with confirm the pattern and may send SingTel to the price target of $2.83.

StarHub Chart

StarHub is currently testing the uptrend support at around $2.62 (also 50D MA support) to $2.65 (78.6% Fibonacci Support). Breaking these support levels indicate the end of up trend.

M1 Chart

M1 is trading at  5 years high. Although the chart still shows the uptrend but M1 is closing to the next 138.2% Fibonacci Resistance at about $2.413. Uptrend support is at about $2.274.

In summary

Upside potential (for capital gain) are limited  for SingTel, StarHub and M1 base on PE ratio comparison and chart patterns. Dividend yields are still attractive at current stock price.

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