IOIPG (5249) - 7 Reason why IOIPG is good buy
1. A solid 1HFY 17, 1H 17 CNP of RM463M is above expectation on higher than expected billing with higher sale at RM1.53B
2. At average 8 sen dividend with current price at RM1.95, DY is at 4.1% which is considered high for big cap.
3. Oversold due to right issue.
4. Trading at strong support at range RM1.87- RM1.95 with low downside risk.
5. A potential gain of around 13% at current price of RM1.95 with TP RM2.20.
6. Major shareholder is accumulating.
7. Bullish sector with FBM Property above 200 days.
Disclaimer: This is a personal weblog, reflecting my personal views and not the views of anyone or any organization, which I may be affiliated to. All information provided here, including recommendations (if any), should be treated for informational purposes only. The author should not be held liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein.
IOIPG (5249) - 7 Reason why IOIPG is good buy
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