Kinsteel "Fair Price"

Kinsteel "Fair Price"

To derive a simple "fair price" based on dividend declared.

Dividend declared = 1.7 sen tax exempted.
Dividend yield from its record = 2 %.
So "fair price" support level = 1.7/0.02 = 85 sen
Current price is at 92 sen, about 10 % from 85 sen
So you can buy at 82, sell 89 or whichever the market gives you at a profit.

Strongest support range 70 - 76 sen which is 10 % below the "fair price."
KNM MINOR SUPPORT at 80 sen. Once this minor support collapse it will enhanced the doubts & fear among KNM holders. U must understand KNM came from 35 sen so 80 sen is still HUGE PROFIT MARGINS >>> sure there will be buyers below 80sen but is the mkt in your favour??? If mkt sentiments good >>> they also dun wanna sell 80 sen what