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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » MAL.N .... :?: ?

MAL.N .... :?: ?

3 posters

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1MAL.N .... :?:  ? Empty MAL.N .... :?: ? Fri Mar 18, 2011 10:47 am

samani


Stock Trader
Hi All,

What you guys think about MAL.N?
Is it worth to buy at this level? When is the split?

Thanks.. Smile

2MAL.N .... :?:  ? Empty Re: MAL.N .... :?: ? Fri Mar 18, 2011 11:25 am

TuskerLK

TuskerLK
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I think yes, yeterday i bought at 101, and think it's worth to hold for a moment...

their PE seems to be very attractive

3MAL.N .... :?:  ? Empty Re: MAL.N .... :?: ? Fri Mar 18, 2011 11:34 am

DK


Manager - Equity Analytics
Manager - Equity Analytics
MAL.N Split is on 4th Apr. You can check MAL's price movement at http://www.bloomberg.com/apps/quote?ticker=MAL:SL

Is it worth the current price? well it was trading below the current levels before their Q3 results came out. And then it shot up to 125 as they announced the stock split on the same day. If you add an overlay of CSIALL:IND (i.e. ASI) to the bloomberg chart, you will see that it came down gradually with the rest of the market. (You can also add CSESML:IND to add the Milanka overlay, I prefer this to ASI for comparisons)

What do I think would happen? My personal take is that it will go lower. After the split, there is a chance that it would dip lower as the split ratio is really high for a stock at this price (10:1 for something at 100/=)

Note that MAL has a high ratio of Rubber. Check the markets for possible insights of this. In the long run (say 6-9 months) this price would be a good price as far as I am concerned. But it is up to you to decide Smile


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