Technical Analysis of BATBC on 21 Feb 2017
As
BATBC is quite il-liquid, I don’t think Technical Analysis will apply to it. Still
I will give it a try.
It is one of the best fundamental stocks in Bangladesh
Share Market – I will be using numbers from Dhaka Stock Exchange.
It is the market leader in Tobacco with “healthy!”
profit growth. Moreover, it has huge Cash Reserves.
2012
|
2013
|
2014
|
2015
|
Q3 '16
|
|
Profit
|
3,942
|
4,869
|
6,282
|
5,846
|
5,432
|
EPS
|
65.70
|
81.15
|
104.70
|
97.43
|
90.53
|
Dividend
|
500% C
|
620% C
|
550 % C
|
550%C
|
|
NOCFPS
|
89
|
100
|
79
|
152
|
EPS over 100 – wow!
PE ~ 20 &
~25% Annual Profit growth except 2015.
Now to the Technicals: Nothing overly optimistic yet –
but it seems that supply is exhausted at 2400-2500 level. With 2016
Declarations coming up, a Bull move to 2700, then ~3000 is possible.
Stop Loss would be 2390.
I have opted to leave out the chart as declaration is on 27 Feb '17 (and as the analysis will probably fail)!
I have opted to leave out the chart as declaration is on 27 Feb '17 (and as the analysis will probably fail)!
Do you want to invest in a company whose products might
induce lung cancer?
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