Global Logistic Prop (GLP): Shooting Star

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GLP showed a Shooting Star at the Up Trend Channel Resistance, a potential short term retracement of GLP back to up trend channel support or 20D / 50D SMA. Opportunity for short term bearish trade or buy on dip for long term investment. Currently GLP is on up trend technically. Take note that GLP is not under value base on PE ratio.

Key Statistics for GLP

Current P/E Ratio (ttm) 17.9633
Estimated P/E(03/2013) 27.3886
Relative P/E vs. FSSTI 1.5338
Earnings Per Share (USD) (ttm) 0.1282
Est. EPS (USD) (03/2013) 0.0840
Est. PEG Ratio –
Market Cap (M SGD) 13,367.11
Shares Outstanding (M) 4,756.98
30 Day Average Volume 10,775,970
Price/Book (mrq) 1.2899
Price/Sale (ttm) 16.5015
Dividend Indicated Gross Yield 1.07%
Cash Dividend (SGD) 0.0300
Last Dividend 07/24/2012
5 Year Dividend Growth –
Next Earnings Announcement 02/14/2013
Continue ReadingGlobal Logistic Prop (GLP): Shooting Star

Midas: On Up Trend but wait for Pull Back

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Midas is currently on a confirmed uptrend after rebounding from a Double Bottom (a trend reversal chart pattern). Midas is trading inside a Higher High, Higher Low, uptrend channel, and also above 20D, 50D and 200D SMA. However, Midas is over value base on PE ratio and PEG valuation. Midas is good for a bullish short term trade where there is a pull back near uptrend channel support.

Check out definition of PE & PEG valuation here.

Backgound:

Founded in 2000, Midas is today a leading manufacturer of aluminium alloy extrusion products and PE pipes, primarily for the transportation and infrastructure sectors in the PRC. The Group operates three business divisions; namely, Aluminium Alloy, PE Pipe and Agency and Procurement. Midas is the only PRC certified supplier to the world?s largest train manufacturers, ALSTOM SA, Siemens and Changchun Bombardier. The Group’s customers include a number of MNCs and PRC state-owned companies.

Key Statistics for MIDAS

Current P/E Ratio (ttm) 32.3933
Estimated P/E (12/2012 ) 46.8163
Earnings Per Share (CNY) (ttm) 0.0664
Est. EPS (CNY) (12/2012) 0.0460
Est. PEG Ratio 4.6353
Market Cap (M SGD) 511.40
Shares Outstanding (M) 1,217.62
Enterprise Value (M CNY) (ttm) 3,288.03
Enterprise Value/EBITDA (ttm) 12.04
Price/Book (mrq) 0.8825
Price/Sale (ttm) 2.8450
Dividend Indicated Gross Yield 1.79%
Next Earnings Announcement 11/14/2012
Continue ReadingMidas: On Up Trend but wait for Pull Back

China Minzhong: Confirm Up Trend

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China Minzhong has formed an “Higher High, Higher Low” Uptrend channel. As long as China Minzhong stay above $0.765 support, it is a confirmed uptrend. Currently China Minzhong has broken the 50D SMA resistance and stay above all 20D, 50D and 200D SMA. 2/5 EMA Bullish signal on both daily and weekly chart.

Key Statistics for MINZ

Current P/E Ratio (ttm) 3.4156
Estimated P/E (03/2013 ) 3.2298
Earnings Per Share (CNY) (ttm) 1.2170
Est. EPS (CNY) (03/2013) 1.2870
Est. PEG Ratio –
Market Cap (M SGD) 451.53
Shares Outstanding (M) 557.44
Enterprise Value (M CNY) (ttm) 2,867.12
Enterprise Value/EBITDA (ttm) 2.81
Price/Book (mrq) 0.6459
Price/Sale (ttm) 0.9020
Dividend Indicated Gross Yield -%
Next Earnings Announcement 11/14/2012
Continue ReadingChina Minzhong: Confirm Up Trend