MATRIX.............................

Do you like the Matrix movie ? I remember when the movie showed, a few of my friends told me is not nice, but I still went on to watch. I like it very much, I like it due to its complex plot and something new. My friends who told me, they dont like maybe due to they are not able to understand the plot .

Come back to share, when I stumble upon the stock name Matrix, I think of these movie. I was thinking of adding some UOADEV , then I do some research to check on any other better properties counter. RHBinvest recommended Matrix & Tambun instead. Thus I do some FA research and decided to switch to Matrix. I pick Matrix instead of Tambun as the dividend is higher. Around End/April at 4.1 (which is equivalent to 2.70 include dividend & ex bonus issue). Then on Friday, I found the chart is giving signal, I decided to average up at 2.95 using the money that I have cleared from UOADEV. So, now my average price is 2.83.

TTM PE : 9.63

Growth : 12.2

Gearing : net cash

Dividend : 5.8%

ROE : 25.1

The Directors is buying in lately

Fair Value from Analyst

HLIB : 3.74 

RHBInvest : 3.33

Kenanga : 3.2

To me, with these figures above, is a good Value Investment candidate. Thus, I will keep her for a while. 

Today is a good news to me, she gain RM0.10 as of now. What about the chart as of now.  

Next resistance : 3.13 and 3.23

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TAS follow up : Q4 results below expectation !

TAS has released her last q results and is not favourable.
Her earning drop from 10455 mil to 2532 mil , when compare q to q.
If compare this year q to last year q, is also drop from 3080 mil to 2532.
This 4th q EPS is only 1.44 which I dont feel comfortable about.

Is like UOADEV which her latest q EPS has dropped from 6.61 to 3.31 (q on q), so I have let go of my remaining holdings. I believe she is a good company but I still think she need some time to recover from this, thus I will come back for her when her technical have reverse back to uptrend. At the moment, her medium term downtrend has just started.

What about TAS, daily chart, she showed a gap down which is very bearish. Just a few days back, I was mentioning she has not even have any indication on sell signal. Well, market is always like this , is unpredictable, pure TA guys would take any profit on the tables. I would monitor closely on her rebound to take some profit off the table or I might exit her entirely. A price around 1.56~1.58 would be a good exit.
Let see how it goes.

For her weekly chart, I would only rate her as downtrending if she broke the 1.33 support. So, now is still not.  I would not wait till then , as this will wipe off my profit all together, thus this coming 1~2 weeks would be critical for her. If she go down further current price and rebounded from 1.33, then she would not as bearish as I thought. Some fundamentalist would hope she recover her earning in the next q.

TAS follow-up : 19% gain in a month

Just some follow thru, a gain of 19% in a month is a good one. Well, as I say I would still continue to hold on as the the Fair Value would be much higher around 2.20 ? Anyway, I would still check on his up trend closely to signal my exit. At the moment , no signal yet.

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