Friday, November 18, 2011

Stock Pick: FRONTKN (0128)

FRONTKN (0128) is TODAY's (18.11.2011) top active counter. Over 56.6 million shares changed hand, represent almost 6% of total share issued (1.011 billion shares).

I found a forum with updated discussion on this counter, click here.

It seem like this counter has reasonably good fundamental and wonder if the target price (TP) of 30 sen within next few months as discussed in the forum will turn out to be true.

If yes, then the current entry price of 13 sen to 14 sen seem reasonably low, not to mention that the NTA of the company stands at 14.4 sen as per latest audited accounts.