HARBOUR (2062) - Harbour: Time to Harvest

When the stars are aligned, a stock can fly. Such is the case of Harbour which has a bullish breakout in April while its earnings were in an upswing. For more, go here.

In just a short 2 months, the stock rallied from RM1.70 to the current price of RM2.47 (as at 10:30am). At this price, Harbour is trading at a trailing PER of 9.3X - which is fairly attractive.

From the monthly chart below, we can see that Harbour was listed in early 2004. It started trading at RM2.50 and made a high of RM2.80 in the first month of trading. We are now seeing the stock revisiting this high.

Based on attractive valuation & strong momentum, I believe Harbour could still see further upside. However, I feel that we should consider taking profit on Harbour if the share price were to exceed the RM2.70 mark.


Chart: Harbour's monthly chart as at Jun 9, 2015_10.15am (Source: Share Investors) 

Note: 
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, Harbour.

HARBOUR (2062) - Harbour: Time to Harvest  

http://nexttrade.blogspot.com