Fundamentally i think all of you believe that this share is a soundly performing..
10/11 (000) , 09/10 (000)
Net Turnover 27241577 , 22339288
Profit from operations 3450366 , 1969697
Profit befor tax 2768757 , 1060159
profit for the year 2140582 , 711694
Total assets 20639457 , 17364817
EPS .87 , .30
Return on equity % 38.22 , 16.56
But though RICH has performed well the current price seems undervalued .when considering about the group structure it is equipped with following diversification sectors to approach the market
Plantation , Rubber mainly and tea
Tyre manufacturing
Plastic sector
Retail sector
Services
Construction
Property and real estate development
so they have a very varied strategic plans for the coming years
And Technically it seems that it is in highly oversold status
According to the Bollinger band pattern it seems that rich is ready for a run , after this kind of bollinger band patterns there were several rallys in several shares , can check eith PAP, CFT, BLUE,
And according to RSI the counter is massively oversold , and the counters which was like this had gains today even , check with TAFL and GRAN
And it seems that though it had rallys in FEB now it is cooled and is in a very collective phase .
Today there was a big interest on REXP , so will there be an effect to the group, may be , i think.
KGAL and NAMU are also stagnant at current market , may be their prises has already gone up with regard to their growth on rubber price boom .
so friends what do you think about this, , I m not perfect on analyzing each and every thing, specially fundamentally so would like to have some comments.. I do own small quantity of RICH and hope to clollect some more in 11.90 -12.00 so i may be bias in this. .
Thanks in advance for your comments. . .