(20240904) MidDay - Attractive Level - CICT
Today, upon trading halt lifted, it has been traded heavily at the 204//205 level from the pre-halt level of 213. Technically speaking, even coupled with the announcements about the right issues, the current level between 202 and 205 remains attractive if one foresees it has the potential to reach at 21x/22x level in the future. It is for long-term investment.
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Rumpole : This deal is earnings accretive for CICT even after factoring the 4% - 5% discount on the private placement and preferential share offerings. I have initiated new position on this counter.