Reflections on Volume

Big volume without further upside equals distribution
Big volume without further downside equals accumulation

Volume tends to peak at turning points
Volume often precedes price movement
Volume is a relative study

Monday, August 19, 2013

DRB... time to buy??

We maintain BUY on DRB-HIcom Bhd, with a fair value of RM3.65/share – a 15% discount to our SOP value of RM4.31/share..>>> Source: AmeSecurities

We maintain our BUY rating and TP of RM3.60 which is based on a 20% discount to SOP... Source: HwangDBS Research - 16 Aug 2013

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