Tuesday, April 3, 2007

Leader Universal a sleeping beauty?


Leader Universal which is largest cable supplier is viewed as very undervalued with as compared to it's healthy order book. With a target price of +/-$1.10 from many investment houses, this stock appears to be a bargain for many investors. Overshadowed by the current heat on IDR and 9MP projects, this stock was somehow 'forgotten' and did not move much even though the company posted a healthy profit and it's Cambodia power JV is also expected to boost it's profit in future.

Chart wise, the stock looks to be consolidating and should rise in future once the the investors shift to from current hot stocks to fundamental. At $1, the stock provide an upside of ~32%.

For long term investors, i would personally suggest a buy on this stock.

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