Singapore Stock Expert

Bursa - SP Kencana Petro: On Hold

sgstockexpert
Publish date: Thu, 11 Dec 2014, 05:48 PM

On Hold: Still on Sell trend. MACD not cross yet and Bar below 0, vol getting lower. Relative P/E ratio is lower than 1, and current P/E Ratio is lower than Jan 2015 estimation. Still not a good buy signal but very potential and should be in the watch-list. With the high risk ratio, can actually give it a shot or wait for a better entry when up trend form. Tight SL should be in place if entered.

Entry price: $2.37

Stop loss (SL): $2.20

Take profit (TP 1): $2.80

Take profit (TP 2): $3.20

Risk Reward Ratio (RRR): 7.5

Relative P/E vs. FSSTI (Bloomberg): 0.5453

Current P/E Ratio (ttm): 8.6925

Estimated P/E(1/2015): 10.1277

Remark: Many people are looking at this counter after it affected by the recent Oil Price dropping, if Oil Price recover, it will recover. However, unlike Keppel Corp, SP Kencana Petro is more focus on Oil business. In 3-10 months, it should be able to recover more. Wait for more news update and better entry. Stay tune.

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