it looks bearish going to test levels of 1.22 / 1.18 if it breaks then lower to 1.05
too many new companies listed and cash flow is being lost in action and too many companies with high prices and withdrawing cash to them
salik / dewa/ unioncoop and the upcoming listing will casue more cash shortage for the short term awaiting for the 3rd quarter results
Positive LookFor now Burjeel is looking positive and its in a chart pattern, lets wait for the breakout i am still very Bullish on Burjeel Holdings. Tomorrow if it opens flat or with a gap up most likely we should see it going north. Else if overall market is negative it may come down for a retest.
Hit like & follow guys ;)
SALIK fair value is AED 3.53Over the past year, the earnings growth (24.2%) of Salik has exceeded that of the Infrastructure industry. Its current net profit margins (83.6%) are higher than last year (80.6%). SALIK has more cash than its total debt. SALIK's debt is well covered by operating cash flow (36.2%).
SALIK is trading at AED2.26 which is below estimated fair value (AED3.53).
Trying HardIts been trying again and at but its not able to close above the resistance of 1.35 today again bulls showed some power and took the control. In order for this stock to turn bullish we want to see a solid green candle close above 1.35 so that it can continue the momentum for the coming week.
Hit like & follow guys ;)
Positive dayIts looks like buyers were waiting for it to touch the trend like thats now acting as support area. This looks good to go higher from here.
Hit like & follow guys ;)
Go Salik !!If we compare the last 3 IPOs that is Dewa, Tecom, Union Coop. Salik is performing very well infact it started to recover in just 3 days after the listing. Its at a support level now and if tomorrow market is positive and if it opens flat or with a small gap up I think we will see buying momentum but incase if it opens with a gap down stay out of it till we see another buying signal.
Hit like & follow guys ;)
Deyaar - Two pathways 0.44 will decide which one to go Deyaar - Two pathways 0.44 will decide which one to go
breaking 0.44 mean going short pathway (Long way down to 0.32)
Rebounding from 0.444 mean going Th e Long green pathway
Personally, I do believe the green is stronger as the company already recorded 1.5 fils profit per share for the First Half
and they are expected to have 2.5 - 2 fils depending on the last two years' performance which means they may distribute dividends for the first time ever without limitless issue
today value at 46 fils is the same as 37 fils before the split of the shares DFM:DEYAAR
This not a recommendation for buying or selling any stock
Good luck to all