TIME FOR REBOUND
MAA Selldown Fades
It's been almost a year when words were out on the streets that Malaysian Assurance Allianz MAA) was to be taken over and renamed Zurich Insurance (M) Bhd. Local investors immediately began to sell-off MAA equities for whatever reasons. MAA dropped from 56 sen to 38 sen >>> a 30% ++ discrepancy is certainly illogical as it's fundamentals remain strong.
However, over the recent week, a price rebound seems to indicate the bears are running low on ammunitions. Below herewith MAA (1198) Weekly Technical Chart c/w Fundamental Infos ......
Check out MAA fundamentals from other sources and find me a 45 sen stock with such profits, PE below 2, EPS 42.95 c/w NTA 1.37 and ZL will buy that stock before you can yawn.
No doubts MAA's TA is not as pretty as it's FA becoz you'll have a hard time finding any penny stocks valued 50 sen & below with it's TA & FA better than MAA's.
ZLBT recommend a BUY ON DIP for this gem.
HAPPY TRADING & GOODLUCK
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