I like strong earnings stock. If a stock has strong earnings, that stock has a great chance to be a hit for that quarter!. It will be out performing most of the stocks. Tat Hong is one of them. Having said that, it has run a bit too. Now it is facing a resistance at $1.50. Let us see if it breaks.
I feel this stock might have one last run before its earnings. Let us see if it does.
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Last earnings results:
Tat Hong: First Half Net Profit Surges 88% To S$34 Million.
09 Nov 2012 17:13
Tat Hong Holdings Ltd reported a strong second
quarter performance for the 3-month period ended 30 September 2012 with
net profit attributable to shareholders increasing 37% to S$17.3
million and revenue improving 18% to reach S$216.0 million, compared
with the 3-month period ended 30 September 2011. Profit attributable to
shareholders for the first half of the financial year improved a hefty
88% to reach S$34.0 million on the back of a 26% improvement in revenue
to $431.3 million...
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Now: $1.47
If break $1.50,
Target 1 : $1.59-$1.60
Target 2: $1.65-$1.70
Stop: $1.39
