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.
Wednesday, April 14, 2010
AmResearch keeps RHB Capital (1066.KU) at Buy, with unchanged target price of MYR7.20
AmResearch keeps RHB Capital (1066.KU) at Buy, with unchanged target price of MYR7.20; says banking group maintaining loans growth momentum, confident of achieving 15% growth in FY10; notes upside potential from bancassurance tie-up, following exclusive agreement with TM Asia to sell life insurance products for 10 years; RHB Capital intends to maintain dividend policy of 30% of net earnings. "There is a good chance RHB Capital may turn into a strong dividend paying stock over the longer-term," house says; adds despite recent rise, stock still "deeply undervalued" at 1.5X book value vs sector average of 2.0X. Stock +0.8% at MYR6.00.
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