Kumpulan FIMA: Possible failure test. Share price has not touched $1.68 since Q4 2011 (may appear to be a strong resistance point). Management’s assessment of prospects – appears to be challenging for the rest of the financial year. Nevertheless, the Company is currently in a net cash position.
Based on the following simulation parameters:
- Target price ($1.90), Stop loss ($1.60), Entry price ($1.71)
- Risk-to-reward ratio = 1.73x
- Return (%) = 11.1%
Relatively healthy balance sheet
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