Market News:
Latest launch of 5Mbps, 10Mbps, 20Mbps Broadband Project in Malaysia is officaited by our PM that takes leads on the following counters: TM, KUB, and TIMECOM. TM being the service provider, KUB is awarded with such project, and (I guess) TIMECOM is the infrastructure provider (may be) on physical optical network. Notice that there are wireless and Wimax also in the scope of project.
Since East Malaysia Election is the current affair. The following counters some already on the move and perhaps may go even higher. These counters are for those aggressive traders with cut lost plan.
2852 CMSB (Industrial Product, Finance & Construction themes)
6238 HSL (Construction theme)
7111 WEIDA (Industrial Product, Water theme)
5073 NAIM (Property theme)
5141 DAYANG (Trade & Service, O&G theme)
Recently the market is red hot on Technology theme again with the following counters in focused:
MPI, UNISEM, ENG, GTRONIC, GUH, PENTA, LITYAN, DUFU, D&O, AIC.
Some of these counters may still have room to go higher but must always equip with cut lost plan. Certainly these are for aggressive traders only.
Counter to Watch:
5878 KPJ Healthcare Bhd
Aggressively expending and acquisition merging in Malaysia;
Current PE of 5.18, 2009 dividend yield of 8.30%;
The Bollinger band expanded 75%, RSI is at 71, MACD is hooking upward with histogram forming a round bottom, short term STC is bullish biased. Overall this counter bullish biased. It already broke up the closing line of 2.73 and awaiting to break up candle tail of 2.80 and beyond.
The next potential target price: 2.80, 3.00, 3.26
The near supportive levels: 2.73, 2.68, 2.60
Cut loss could be below 2.60.
5101 EVERGRN (Wood, Timber, or Furniture theme)
Current PE of 9.10 and net asset of 1.38. The MACD crossed above the trigger line above zero level. RSI at 69, short term STC is well in bullish region above 90. It’s observed for breaking up above 1.69. The Bollinger band is expanding at 18%.
The next potential target price: 1.69, 1.76, 2.00, 2.05, 2.16
The near supportive levels: 1.59.
Cut loss could be below 1.58.
2283 ZELAN: this counters is observed with a bullish divergence with MACD which indicates as a repetition of Mar-2009 pattern. Those with WINCHART user may observe the similarity. This is a moderate counter under monitoring.
