Great Eastern Holdings (G07):
Quiet Numbers, Quiet Breakout
It's not exciting, and that's the point.
A steady business, fair on earnings, paying cash as investors looked elsewhere. The chart moved quietly, now its awake. Price finally broke higher, it's not optimism driving the move, it's attention returning to boring steady numbers.
Trade Setup
Entry: 15.65 zone
Target 1: 15.87
Target 2: 16.98
Stop: 14.76
Key Company Data
P/E: 7.3x (below 5-yr average of 9.6x)
Dividend Yield: 4.5%
Price-to-Book: 1.48x
Market Cap: SGD 14.7bn
Beta: 0.42 (defensive profile)
Disclaimers apply