Despite the bad market sentiment today, most of our portfolio like Adventa, Supermx, IJMLand-WA, Sppport, and NTPM are not affected.
New Watch list
Airport (5014)
Break out from the resistance level 3.93 strongly with volume increase. The stock closed at 4.13, the temporary resistance level is 4.20 and the support levels are 4.00 and 3.93. Place a stop loss at 3.90 if you had bought this stock.
Existing stock to watch
Support (7131) - our stock watch on 12/12
Please refer to my previous chart on 12/12. I said that this stock support level is 1.21 and the resistance is 1.28. The stock was corrected for a few days but it never close below 1.21. It was pushed up on 16/12 with the candlestick form a hammer shape at the bottom, this indicate a bullish reversal. Today it broke out 1.28 and close at 1.31 with volume increase. The temporary resistance is 1.33 and the support is 1.25. If you had bought this stock, place a stop loss at 1.24 or 1.20 (-5 to -8%).
BRDB (1473) - our stock watch on 7/12/09
Listing Date: 02.07.1968
Market: MAIN
Sector: PROPERTIES
Par Value: 1.00
Major Industry: Construction
Sub Industry: Gypsum, Lumber & Building Supplies
SIC Industry Code: 1531 - Operative Builders
Last quarter earning profit: RM40, 918,000
Last quarter EPS: 8.6 cents, increase 139% Q-Q
Present PER: 5.11
Growth: 53% year to year
ROE: 9.01
BANDAR RAYA DEVELOPMENTS BERHAD is engaged in the development and management of prime residential and commercial properties in Malaysia. The Company operates in three segments: Property, which is engaged in property development, property investment and property management, including management and operation of shopping complexes, bowling centre, a golf course and sports complex; Manufacturing, which is engaged in the manufacturing and sales of wood based products, and Construction, which is engaged in the construction of residential and commercial properties. Along with its subsidiaries, the Company is engaged in the management of a golf course and sports complex and provision of landscaping services, and the manufacturing of chipboards and related products. On January 11, 2007, it acquired Raintree Forest Sdn Bhd. In January 2008, the Company acquired a shelf company known as mpiana Impresif Sdn Bhd. In August 2008, the Company acquired Lansbury Limited.
On 7/12 I mentioned BRDB has a very good support at 1.43(also a 200 days MA) with high volume. However the stock price did not move up but it dipped lower and found a support at 1.33. From there it rebounded for 2 days before we saw a big up today. Today it broke out 200 and 20 days MA. The Bolinger band expended 56% and the MACD crosses the trigger line however the MACD still below Zero level. The immediate support level should be 1.43 and the resistance level is at about 1.55. Due to the characteristic of BRDB, it might consolidate for a few days before it can move again. However we can not assume it always follow the same characteristic, all depends on the market action. If you already acquired this stock, the cut loss point should place below 1.41.
