Friday, 17 October 2014

POSH - SIGN OF CONFIDENCE FROM DIRECTOR SHARE PURCHASE AT $0.68

After the market close today, from SGX Filing; Kwok Singapore repurchase 1,246,000 shares at $0.678 and the Director Seow Kang Hoe Gerald purchased 200,000 shares in the open market at $0.68.
 
 
 
 
 
This could spark a sign of confidence for this counter in the coming week. We sense heavy shorting at the 0.675/0.68 level in the mid-afternoon and it will be interesting to watch how the stocks performance next week in anticipation of short-covering.
 
We check the respective target price from the Analyst report(OCBC,MAYBANK-KE; JPM) below on POSH.
 
FOR REFERENCE ONLY - Bullish report for POSH from OCBC(TP $1.21 / 77%upside), MAYBANK-KE($1.26/ 85% upside) and JP-MORGAN ($1.30/ 91%upside)
 

 
 
 
 
 

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