Being in the market at all times is not the key to profits. Being in the market when there is a clear, unconfused technical signal during a strong market, and the trader's judgment is not swayed by emotion, is a method for trading success. No matter how good the fundamentals and technicals are, stocks will have a high risk of failure during weak markets.
Thursday, February 25, 2010
AmResearch keeps Axiata Group (6888.KU) at Buy with MYR4.17
AmResearch keeps Axiata Group (6888.KU) at Buy with MYR4.17 fair value. Company's FY09 net profit at MYR1.75 billion vs MYR471 million in FY08; says results "excellent," following generous contribution from XL - which swung into black with MYR1.7 trillion in net profit. Expects Celcom's total subscriber base to climb to 11.1 by FY11, slicing 34% market share of Malaysia's mobile industry. "This would put Celcom still behind Maxis - whose market share should remain at above 39% throughout the same period." Broker also expects XL's further earnings enhancement, following successful turnaround plan focusing on yield. "In its pursuit to retain only revenue generating subscriber, this business unit has been able to achieve a revenue growth of 14.2% in FY09." Shares last +6.3% at MYR3.72
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