QUOTE(ctrl_alt_del @ Nov 19 2013, 04:22 PM)
RHB TP on instacom.
This kind of report also can..
I dont have instacom, but directors massive selling drew some attention.
- We downgrade the stock to NEUTRAL (from BUY), with a lower MYR0.29 FV (from MYR0.51), based on a 10x FY14 P/E
- When contacted, they were not able to provide satisfactory explanationsConclusion - fair value decrease from 0.51 to 0.29 if directors selling for unknown reasons.
I think the issue(s) mentioned is valid
The insiders selling like crazy.
Half year eps only 2 sen.

So it's pricey....
I don't think I want to read the report.

Nowadays, it's OSK and it is muntah darah one.
Perhaps the question is how the hell was Instacom TP set at 59 sen the first place???
Even a TP of 29 sen, looks optimistic.
Conclusion?
See no evil, hear no evil.
Don't read.
My 3 sen