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Think their business will surge to a new peak after the co-operations
Asiatravel forming bulllish triangle pattern...
support at 77c... don't wait until it breaksout! ..by then too late..
A sudden surge again? Fellow investors, any idea why? Can online travel earn so much?
What happened to AsiaTravel? Shot up so much?
This one is a very low volume counter. On some days, zero volume traded. Not too good for TA people.
It was bucking the general market trend, because of the number of bookings it is getting, dealers said.
Last week it said the number of nights in hotel rooms it booked online in the financial year ended September was 42% higher than the year before.
KE says it has a target price of $0.285. Kelive estimates that hotel reservations and other services performed online accounted for 54% of Asiatravel's revenue in the financial year just ended, and it expects this figure to grow to 62% in year to September 2008.
"We believe that the stock is attractively valued as growth catalysts, i. e. [its] increased destination portfolio and enhanced product mix, will be in place to reap [a] top-line compounded annual growth rate of 27% for [the] years to September 2006-2008," Kelive analyst Geraldine Eu said in a note.