ZLBT Chats

Monday, July 13, 2009

7047 FAJAR >>> Stability @0.93 sen noted

Fajar Baru Builder Group Bhd is currently forming a technical platform and stabilizing at the RM0.90 support level. If it can breach its immediate resistance at the RM0.95 level, it could rally upwards to rechallenge the RM1.00 resistance level.
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FAJAR is currently trading at a P/E ratio of 6.5x. Its warrants, which is trading at RM0.43 with zero premium, could be a good trading proxy to
ride any potential rally in its mother share.

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