Dapai has been moving up quietly recently and closed with a bullish marubozu candle with 8.7 million shares traded today. Today closing is above the 200D MA and also 61.8% Fibonacci Retracement Level. Technical Indicators like MACD, RSI, Stochastic, Bollinger Band and SAR Parabolic show the bull is coming back. However, this stock need good trading volume to confirm the breakout to start an uptrend.
Fundamentally this stock is super under value with PE just 3.8 (stock price at $0.245) but unfortunately no one is interested. Average PE for past 3 years = 3.6.
Base on FY2009 Financial:
- Dividend Yield = 5.4%
- NAV = $0.30
- Net Profit Margin = 14.2%
- ROA = 19%
- ROE = 21.5%
- Current Ratio = 4.9
- Debt to Equity Ratio = Net Cash
Watch closely on this stock! Good for long term buy and hold until other peoples find out this gem.