Long SCI from expected turnaround
Updated
SCI has been in a downtrend for the past many years. It hit 2 year highs today closing at THB2.00, very good sign following expected turnaround with new projects (21 MW community electricity plants). Price to Book Value is at 1.00, no target price yet (will update with Q1 results). Good indication for long term as EMA 50 and EMA 200 cross.
Note
What a day. Combined with rising Covid cases and the pressure from the DOW, some rather unsavory political rumors caused a panic in the market. Bought more today in the flash crash, the fundamentals have not changed, still awaiting Q1 results.
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