Let discuss in a friendly & family atmosphere.. i welcome constructive comment...happy weekend

Appeciate your comments & reservations on this sector.TQ.
I have been an investor & trader in KLSE since 1976

I wish to express my utmost appreciation to Philip; Investhor & others for the constructive comments on my article. I take it in great stride & appreciation on the comments but would like to apologise for the late response.

What Philip mentioned is an area of consent but Receivables aging amortization needs to be address by the company and a forensic audit needs to be done.

However, we should note that the company and its auditor is governed by the accounting standards and reporting guidelines as issued by Bursa Malaysia & SC which I believe are quite stringent....if needs be; upon these being triggered: a provision need to be done.

Thanks again Philip & Investhor for penning your views & I welcome such good & constructive comments

Thank you Investhor for sharing my article

AHB - HEAVY COLLECTION SEEN TODAY AT 0.140. STRONG SUPPORT NOTICED. MANAGED TO GARNER 0.005 GAIN EVEN ON BAD MARKET TODAY. VOLUME INCREASED WITH ALL TRANSACTION DONE AT 0.14

AHB-WA GAIN 50% TODAY

yes, i took some at 0.25 yesterday

Please do for the benefit of readers

https://klse.i3investor.com/blogs/Bursa_Master/199227.jsp

PECCA ; a hidden gem; Good counter...should sprang up soon
Accumulation seen today

https://klse.i3investor.com/blogs/Bursa_Master/198179.jsp

KKB AN O&G LAGGARD; A FUNDAMENTALLY GOOD COMPANY
14 Mar 2019

With oil prices rallying again tonight; the excitement of the oil & gas companies to continue with NAIM & DAYANG leading the euphoria of this sector tomorrow.
NAIM the parent company of DAYANG hit limit up today closing 1.20 for a 0.30 gain.
Naturally DAYANG is expected to rally tomorrow. Other notable
O&G performers today include PENERGY, SAPNGY; PERDANA;
DESTINI etc

A fundamentally good O&G LAGGARD is KKB ENGINEERING which should be targeted by hungry investors for O&G companies which has not rally much.

*Focus on KKB ; DAYANG & CARIMIN tomorrow

Heard syndicates cash out 1 day before announcement. But this counter has become highly speculative...can trade only after the price stabilised.

...hold waters..

Fundamental counters like INARI need to have holding power; collect on weakness by averaging downwards. This strategy should not hot waters for speculative counters with no fundamentals

Market rumours of an impending takeover bid. Hope its true.

SEACERA
It has demonstrated an impressive trading pattern today by closing at the day's high of 0.445 for a 0.02 gain with greater than average volume after treading from its all time low of 0.42.

The immediate resistance of 0.46 needs to be broken to confirm its uptrend mode.

The downside risk is minimal.


Monitor closely for breakout of 0.46. CL below 0.42.

http://klse.i3investor.com/blogs/kianweiaritcles/169110.jsp

STOCK ON MY RADAR
9 AUG 2018

1. CAELY...has demonstrated a very impressive showing today by breaching 3 resistance breakouts at 0.96; 0.99 & 1.03 conclusively and closing at the days high of 1.08 gaining a whooping 0.12 with higher than average volume which is a good sign. Next resistance is at 1.37 which is also its all-time high.

Its warrant too made an impressive turnout by closing at the day's high of 0.60. Next resistance is still far at 0.79.
We could see arbitrage to set in since the real price of the warrant should be 1.08 less conversion price of 0.38 = 0.70.

I foresee more to come with rumours of a major corporate development in the making.

2. NGGB
Today saw volume creeping in for this normally quiet counter.
Monitor closely for further increases in volume to reaffirm its uptrend on anticipated good QR. Watch for breakout of 0.42 resistance.

3. PWROOT
Immediate resistances at 1.65 and 1.72 with CL at 1.46.
Going forward should by rosy for this company which expect better performance this financial year.

4. KOBAY
This overly quiet counter has been creeping up slowly unknowingly to many investors.
I believe more in store for this company.

CAELY-WA is still in the money.
We should see arbitrage coming in the mend the divide.

CAELY is now 1.03 & Warrant at 0.575. Based on the conversion price of 0.38...the Warrant should be trading at 0.65 assuming no premium for the warrant

The run up just begins, buying a concession company with a monopolistic business model and RM100 million profit should result in the price to go much higher.

YOU DECIDE YOUR RISK APPETITE

http://klse.i3investor.com/blogs/Bursa_Master/164053.jsp

MONITOR CLOSELY ON MONDAY

The engine starting for NGGB

http://klse.i3investor.com/servlets/ptg/0166.jsp

http://klse.i3investor.com/blogs/aminvest/158811.jsp

The unabated uptrend should be healthy after a brief consolidation...I believe ultimately it could reach 1.50 by year end. Contra play should be risky at this level bearing in mind the huge volume lately and the phenominal increased in price over a short span.

Year-end rally in the works? | http://www.klsescreener.com/v2/news/view/318211


PNB related stocks that are likely to see some active buying this week include Malayan Banking Bhd, the three Sime Darby stocks, SP Setia Bhdand UMW Holdings Bhd.

In the case of Chemical Company of MalaysiaBhd, a dealer pointed out that he was not expecting much upside this week, considering the stock was up close to 100% year-to-date.

In the case of Sime Darby Bhd, which split itself into three separate listed companies on Nov 30, the combined market capitalisation of these three companies was less than what Sime Darby Bhd was on Sept 30.

Bloomberg data showed that Sime Darby’s market cap on Sept 30, the end of its first quarter for financial year 2018, stood at RM61.35bil, versus the current combined value of its three listed entities at RM60.8bil.

The share prices of Sime Darby Plantations and Sime Darby Property fell on the first four days after their listing. Both have chartered 13% and 30% increase in share prices respectively and are still off their listing prices.

As for Sime Darby, it went as high as RM2.30 after the demerger on the account of a 17 sen dividend that went ex on Dec 4. It come down to RM2.12 yesterday.

STOCK TO WATCH : INIX
Watch out for breakout of 0.185. If this materialise; it should retest the next resistance of 0.235. With the impending corporate exercise; we should see uptrend intact fore-bearing any adverse market conditions.

From GoGo Stock :
Contra Call 23/7/15
NIHSIN 7215 (Shahriah)
Entry Price : Above 0.32
Stop Loss : Below 0.30
Profit Target : 0.345 - 0.37 - 0.385

[Stock to Watch : NIHSIN

Expect further uptrend since it manage to close above its most critical resistance of 0.315 despite bad market sentiments Wednesday. Base on market talk of possible corporate exercise on its way, expect it to sail beyond 0.40 in the immediate term. CL if it retrace below 0.285. 1 month target 0.50 to 0.60 if the corporate exercise materialise. Regional n local markets volatility might be taken into account in your decision to trade

NISHIN

Buying interest can be seen on today which it shows buyer might in control and possible breakout from the consolidation zone soon.
Indicators:
Golden cross can be expected if price break through RM0.32 in the following trading days which is a good sign as a new trend might GET STARTED.
Stochastic is staying in the oversold zone for weeks and currently waiting for any buying interest to bring it up.

uzma...gogogo

Dutaland...Huge jump on profit to rm70m from a net loss position from corresponding qtr. But be wary of market direction as Dow dropped 190 points overnight

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4751425

UZMA - 1Q Result: Inline
Author: kltrader | Publish date: Tue, 26 May 2015, 10:43 AM

Results

Inline: YoY, 1QFY15 core profit surged by 56%, making up 22% of HLIB and consensus full-year estimates respectively.
Deviation

We have strip off one-off items of RM5.1m forex loss in 1QFY15 and expect stronger 2H due to contribution from RSC contract.
Highlights

1QFY15 core profit (excluded forex loss of RM5.1m) surged by 56% YoY due to higher cont ribution from drilling project management for PMU wells, maiden contribution from MMSVS and PEC coupled with higher income from its associate, SVP.
In the meantime, Uzma’s 40% associate, S azma A viation also announced to secure RM167m worth of contract to provide helicopter services for Petronas. We are impressed with the company’s ability to replenish its contract backlog despite sluggish oil price.
Drilling campaign for Tanjung Baram is expected to begin in 1Q15 and to hit first oil in May 15. Substantial portion of the US$100m development cost by the JV will be contracted to Uzma. New marginal oilfield project is not viable at current oil price and we have not factored in any new RSC win in our earnings.
Near term industry outlook remain cautious as we expect oil price to continue to remained weak for next few months given the oversupply issue will only adjusted if there is any reduction from US shale’s produc tion. However, Uzma’s exposure to E&P opex instead of capex spending should help it to weather through this challenging period.
Risks

Delays in contract disbursement.
Execution risk.
Forecasts

Unchanged.
Rating

BUY ()
Positives

Di rect exposure to EOR and exploration spending.
Negatives

Small cap with low liquidity and plunged in oil price.
Valuation

We maintained our BUY call with unchanged TP of RM2.69 based on unchanged 11x FY16 P/E.
Source: Hong Leong Investment Bank Research - 26 May 2015

Trading Idea
PESONA: Bottoming up

May retest RM0.70-0.73 levels after establishing its base near RM0.60-0.625 territory.

Since tumbling from the peak of RM1.02 on 2 Mar to recent low of RM0.625, we believe that selling pressure has been exhausted and a base is slowly forming.

A decisive breakout above RM0.665 will spur prices higher towards RM0.70-0.73.

Cut loss at RM0.59.

KLSE MARKET OUTLOOK FOR THURSDAY

Federal Reserve officials believed it would be too soon to hike interest rates in June even though most felt the U.S. economy was set to rebound from a poor start to the year.

Most participants agreeing economic growth in US would reach to a healthier pace and the labor market would strengthen.

The Fed has repeatedly said it will not raise rates until it is "reasonably confident" that prices are moving toward its 2% inflation target.

Faster ECB money-printing excites investors

FBMKLCI closed slightly higher by 0.39 points at 1810.11.

11th Malaysia Plan to be tabled in Parliament today at 11.30am (21st May)

The tabling of the plan will also be carried live over television by RTM.

Klang Valley MRT second line (MRT2) and LRT third line (LRT3) will be the focus of the 11MP.

ECONBHD is expected to win MRT2 piling works contracts. Target price = RM1.40

KIMLUN is expected to become MRT2 box beam tunnel lining and suppliers.

HSL, MUHIBAH, SCABLE, BENALEC, KKB rumoured to be awarded some contracts too.

Prime Minister Datuk Seri Najib Tun Razak will be presenting to Congress the 11th Malaysia Plan (11MP) on Thursday (21 May).
At the 11th Malaysia Plan released on the eve of the construction sector caught dance. 11th Malaysia Plan is considered to be one of the potential incentives for the construction sector this year.
Klang Valley MRT second line (MRT2) and LRT third line (LRT3) will become the focus of the 11th Malaysia Plan,
One hundred million Steel Holdings (ECONBHD, 5253, board building shares), is expected to be won MRT2 piling works contracts ... TP RM1.40
Kingland Enterprise (KIMLUN, 5171, board building shares) is expected to become MRT2 box beam tunnel lining and suppliers.
Gamuda (GAMUDA, 5398, board construction stocks) is expected to be able to win another 5 to 6 billion ringgit underground tunnel engineering contract. TP RM5.80
IJM (IJM, 3336, board building shares) may win the West Coast Road (WCE) TP RM8.15
HSL (HSL, 6238, board building shares) Pan Borneo Avenue, part of which falls in Sarawak need completed in 2023, is the main potential beneficiaries. TP RM2.30
Muhibbah Engineering (MUHIBAH, 5703, board construction stocks) TP RM3.11
Sarawak Cable (SCABLE, 5170, board industrial stocks) TP 1.70,
Hongyang Holdings (BENALEC, 5190, board construction stocks) TP 1.25,
A Xu Ming Engineering (KKB, 9466, board industrial stocks) TP RM 2.05

KKB has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, the price just broke the resistance of 1.92 reinforcing the bullishness in the recent price movement. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.

News

Press Metal Berhad (PMETAL) announced that there was a fire incident at the group’s Samalaju smelting plant on 17th May 2015.

The cause of the fire and full impact of the incident is yet to be ascertained. However, based on a preliminary estimate, the impact is not expected to be substantial and it is adequately insured.

Comments

We were surprised with the news. Nonetheless, we are not overly concerned as it will not substantially impact the group’s financials. According to the management, the fire incident will have very minimal impact to the production in Samalaju plant as the disruption only affects a small area of the factory. Hence, we believe it will not lead to any major negative impact to PMETAL’s earnings.

Time to buy on weakness. We would also not be surprised if this news led to negative reactions to PMETAL’s share price today. In fact, PMETAL’s share price has already taken a beating recently, down by 16.3% MoM due to falling aluminium prices. We reaffirm our view that PMETAL’s fundamental remain intact given that: (i) the incident will not substantially impact the group, and (ii) we expect aluminium prices to recover in the near-mediumterm. Therefore, we believe this could be an opportunity for investors to accumulate on weakness. Furthermore, note that there is a high possibility that the stock may be included into the Shariah-compliant universe during the upcoming review in mid-2015, which should garner some support from Shariah funds.

Outlook

Remain bright in the near-medium term as we expect earnings growth from the new capacity to start kicking-in from January 2016 onwards.

We also reaffirm our aluminium price assumption at USD1,900/MT, as we expect aluminium prices to stabilise in the later part of 2H15 when demand is expected to recover, driven by growing usage of aluminium in the auto sector.

Forecast

Unchanged.

Rating

Maintain OUTPERFORM

Valuation

At current price level, the stock is relatively cheap, trading at only FY16E PER of 8.0x, significantly lower than that of FBM70 fwd. PER of 15.0x.

All said, we reiterate our TP of RM5.41, based on unchanged fwd. PER of 15.0x (in line with FBM70’s) on FY16E FD core EPS of 36.1 sen.

Risks to Our Call

Lower-than-expected aluminium prices

Interruption to power supply

Slower-than-expected aluminium demand

Source: Kenanga Research - 20 May 2015

EXPECT IT TO BREAK 3.00 NEXT WEEK ON GOOD CORPORATE DEVELOPMENT

Beneficiary of huge SARAWAK'S projects come RM11. TP 1- 2.50 TP 2 - 3.00

QUARTER RESULTS COMING SOON WHICH IS EXPECTED TO BE GOOD

UPTREND TO CONTINUE... TP1 : 0.63 TP2 : 0.70

COLLECT ON WEAKNESS. IMMEDIATE TP 0.445

UPTREND ON A BAD MARKET SENTIMENT TUESDAY...WHAT DOES IT MEANS?
FURTHER UPTREND TODAY ON A HOSTILE TAKEOVER STORY

UZMA has been trading above its upward sloping 20-Day Moving Average which is a good sign. However the upward movement has encountered resistance at the level of 2.45. Traders should pay special attention to the price and volume behavior in order to determine whether this resistance level can be broken decisively for UZMA to resume its upward movement. The indicator analysis on RSI is not exhibiting any extreme condition. Watch out for the 30% and 70% levels which indicate any oversold and overbought condition respectively

Ewein closed at 0.935 today at12.30 . uptrend should continue in the afternoon. tomorrow we should see it breaking 1.00 nd next TP1.20

heard UZMA to released sterling quarter results next week. Collect slowly