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Despite high revenue, a good dividend policy and strong fundamental, but Some Darby shares trade well below 10X PE compares to many in Index link and others weaker fundamental stocks that trade well above 25X PE. Is PNB manipulating the share or incompetent in creating values to its holdings? Looking at many of PNB current holdings, it can easily double its total asset value and inject confidence and growth trajectory instantly. But looking at PNB performance records, it's more like a sitting duck waiting to be fed and pushed all the time.
Bought at opening price of 2.20 today. Will accumulate more if it breaks 2.10. Buy to keep for long term dividend and I strongly believe in its business model going forward.
Breakout chart forming now. Set to challenge 1.22 again follow by 1.28 and stronger resistance at 1.48. Expect gradual slow and steady movement with intermittent profit taking. Strong QR and dividend will create strong catalyst and upgrade on target price.
Next target 2.45. Good QR and 4 sen dividend will be the catalyst. It's still the best dividend yield stock at more than 6% among the index linked stocks.
