Wednesday, 25 May 2011
One of the stock I hold is Masterskill. Its share price already down almost 10% in one week, probably due to its Q1 result which is 15% lower QoQ. At this moment the price is still diving, at the moment RM2.02. Sweating....
Should I just hold or accumulate at low? Today CIMB still give a buy call with target price at RM4.48! MEGB start to operate new campus recently in Kuching & JB, which will increase its student count. It will soon start its new course - MBBS in which there will be no more new competitor for this course for years to come, and it just ventures into Indonesia as well. I think the future is still promising for MEGB and expects better earning from subsequent quarters. It gives me a feeling that it's business is expanding: new campus, new courses, new partners.
With the "recession proof" feature of health industry, relatively low PE, good dividend yield and its earning potential, if i have more bullets, I'll consider to accumulate at its support level of RM2 or when there's sign or reversal.