CPF : Will hit 30-32 in Q2
March 30, 2011 Leave a comment
We have given numerous calls to buy CPF for both short and long term, and indeed gave our LT target some weeks ago at the lofty price of 45 to 50.
The stock is going to retest the August 2010 high at 26.75 imminently, and this time it will go to 30 or 32 we think. Currently at 25.50, entry is late but not without merit, and as far as we are concerned this should still be a core holding for the current trend.