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| my checklist |
PBT increase substantially in FY16, and my checklist shown Johotin it's still an undervalued company with strong fundamental. Its new factory is completed and estimated to contribute significantly to F&B segment. As F&B segment generating around 73% of the total revenue (based on latest qtr report), new factory is expected to bring more income to F&B in FY17 as the demand for sweetened condensed milk and evaporated milk is still growing. At current price, Johotin is worth to be researched and i would like to dig more into its fundamental as well as its prospect.
Technical Analysis
Forgive if i have wrongly interpreted the chart as im still a newbie in TA
stochastic buy signal forming, once the blue line cuts above red, the price is expected to go all the way up, the main road block will be at 1.32, immediate support at 1.22 and 1.11
However, in view of current volatile market situation ahead of Donald Trump inauguration, I don't recommend to buy now, holding cash and buy on weakness is my strategy
Disclaimer: it isn't a buying recommendation, your money, your decision
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