Yoma

Yoma: DBSV Technicals calls for a TRADING BUY, with price objective of $0.87 - $0.89 in weeks. Sets stop loss at $0.715, which translates to a low risk-high reward set up. Based on wave theory , DBSV says the correction that started in Jun has ended at the $0.675 low on 28 Aug. Notes the moderate price recovery since then sets the early stage of a wave 5 uprend. The 15day , 65 day and 200 day exponential moving averages have re-converged, suggesting that price trend is preparing for an upturn. Tips that if the $0.87-0.89 resistance is broken, momentum may carry Yoma to $1.12 in extension. Fundamentally, DBSV notes Yoma is one of the few companies that can record healthy yoy and qoq growth and also stands a good chance of beating expectations as it catches up on property slaes and construction. Results release is due 14 nov. Besides results, on 22 Oct, ssubstantial shareholder Aberdeen Asset Mgt raised its deemed interest in Yoma to 6.3835% from 5.8777%, through the open market purchase of 5.852m shares at an avg price of $0.7715/sh.