Collect slowly....coming soon

NOT TO BE MISSED. TP NEXT WEEK 1.20

Evergreen Fibreboard may trend up after breaching the downtrend line and 50-day MAV line. Traders may buy as a bullish bias could be present above the MYR1.13 level, with a target price of MYR1.25, followed by MYR1.33. The STOCK may fall and consolidate further if it cannot maintain above the MYR1.13 mark in the near term. In this case, further support is anticipated at MYR1.05, where traders can exit upon a breach to avoid a further correction.

Collect while its cheap...anytime run up to start

this week tp 0.44

UZMA has surged above the EMA120 level with mild volumes yesterday. The MACD Histogram extended another green bar, while the RSI is hovering near 50. Monitor for a breakout above the RM2.52 level, targeting the RM3.00-RM3.15 levels. Support will be set around the RM2.19 level.

WATCH CLOSELY FOR BREAKOUT ABOVE 0.105...NEXT RESISTANCE ONLY AT 0.16

IF 0.105 BROKEN ON mONDAY, THEN WE COULD SEE 0.16 NEXT WEEEK.

As of 15 May 2015, EWEIN has been on a strong uptrend as suggested by the upward sloping 20-Day and 50-Day Moving Averages. In addition, the price just broke the resistance of 0.87 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.

EXPECTED GOOD CORPORATE RESULTS TO BE ANNOUNCED THIS MONTH ON THE FORAY INTO PROPERTY DEVELOPMENT IN JA MARINA TOWER.

inix awaiting approval from bursa of their corporate proposal... decision should come anytime. Submission was made in March 2015

Trading Stocks - 14 May 2015 - Unisem | Yinson | Dialog | Hume | JAKS | IJACOBS
Date: 14/05/2015

Source : RHB-OSK
STOCK : UNISEM Price Target : 2.86 | Price Call : BUY
Last Price : 2.56 | Upside/Downside : +0.30 (11.72%)

Business NewsHome › Business › Business News
Unisem poised to beat recent high as volume climbs
Thursday, 14 May 2015
By: K.M. LEE










KUALA LUMPUR: SHARES of semiconductor based Unisem (M) Bhd rallied to a high of RM2.65 on April 21, the best level in almost five years before pausing due to an apparent profit-taking activity.


The wake of a fresh bout of selling then dragged prices below the immediate 14-day and 21-day simple moving average (SMA) lines a week later, but just when they looked frail and in great danger of slipping under the lower 50-day SMA of RM2.23 in late April, investors emerged from the sidelines to the rescue.

Subsequently, the bulls bounced back to life and sent Unisem shares higher.

This STOCK hit a high of RM2.63 on Thursday morning before trimming gains slightly to close midday at RM2.59, up nine sen.

Based on the daily chart, Unisem is poised to beat the most recent high of RM2.65, and strengthen further to challenge the pretty stiff resistance of RM2.72, with TRADING volumes piling up, suggesting growing investors’ interest.

A clear penetration of this barrier would SIGNAL the continuation of a bull rally, enroute to the RM3.18-RM3.20 band.

The next upper strong resistance is envisaged at the RM3.69-RM3.70 range.

Elsewhere, the oscillator per cent K and the oscillator per cent D of the daily slow-stochastic momentum index were on the rise.

Mirroring the uptrend, the 14-day relative strength index climbed to a high of 71 at mid-day, up from a reading of 47 the previous Friday.

In addition, the daily moving average convergence/divergence histogram had just crossed above the daily SIGNAL line to trigger a buy.

Apparently, all the INDICATORS are painting a promising landscape, implying a bullish breakout may be imminent.

Initial support is seen at the RM2.45 mark, followed by the 50-day SMA, now resting at the RM2.27 level and still rising.

Today close at its high of 0.87. Should break rm1.00 next week. Something exciting in store next week. Dont miss the boat.

heard good news coming out very soon

AT THIS PRICE THE RISK IS MINIMAL GIVEN FAIR MKT CONDITION

REVERSAL OF TREND WAS SEEN TODAY IN PESONA. nEW WAVE HAS STARTED. TP1 0.705 TP2 0.795

SHOULD 0.65 BROKEN TOMORROW...NEXT RESISTANCE AT 0.705 AND 0.77

As of 11 May 2015, EWEIN has been on a strong uptrend as suggested by the upward sloping 20-Day and 50-Day Moving Averages. Furthermore, the next resistance level is quite far at 0.87.

EWEIN LOOKS SET TO MOVE UPWARDS

monitor inix for breakout of 0.17

My stock watch today : PESONA

Press Metal - Core Numbers Intact
Author: kiasutrader | Publish date: Thu, 7 May 2015, 10:49 AM

Press Metal’s core profit of MYR120.8m for 1Q15 exceeded our and street estimates. Nevertheless we keep our projections as we expect slightly weaker quarters ahead. That said, we reiterate BUY with a TP of MYR4.37 (51.6% upside) as we continue to like the company, a worldclass low cost aluminium smelter. Also, its Phase III smelter expansion is set to drive earnings, moving into 2016.

Better-than-expected 1Q15 core profit. Further weakness in the MYR compelled Press Metal to book another marked-to-market unrealised net forex loss of MYR97m on its USD-denominated loans in 1Q15. Excluding this non-operational and non-cash provision (after stripping off minority interests), it posted a core net profit of MYR120.8m at the start of FY15, above our and street estimates. While all-in aluminium prices dropped 5.8% QoQ to USD2,272/tonne on average, the positive flipside to the weaker MYR is the extended benefit of lower smelting costs, which are partly in MYR, while its sales are quoted in USD. We alsosuspect the company may have benefitted from its hedging position, as itlocked it in at higher London Metal Exchange (LME) aluminium prices.
Look beyond temporary volatility. Meanwhile, the physical premium paid on top of the LME rate by the rest of the world (ex-China) has continued to slide to very distressed levels. However, it was partly compensated by the recent recovery of the LME price of aluminium. We also believe our recently-revised all-in aluminium price assumption ofUSD2,100/tonne for FY15/FY16 already has taken into consideration the present weakness in aluminium prices. Together with 1Q15 core profit already making up 35% of our full-year estimates, we make no changes to our estimates despite projecting a slightly lower core profit for the rest of the quarters in FY15 vis-à-vis 1Q15.
Reiterate BUY, with a MYR4.37 TP. We continue to like Press Metal as it is a world-class low-cost smelter in the first quartile of the global cost curve. Together with its ongoing Phase III expansion, which will lift smelting capacity to 760,000 tonnes per annum (tpa), it looks all set to generate decent earnings growth for the company moving into 2016. In order to be prudent, we continue to apply a 20% discount to our latest DCF valuation, and derive a TP of MYR4.37. Maintain BUY.

up 12 ct to 3.07

Collect SERSOL slowly.. understand that there will be a corporate exercise to be undertaken

Press Metal - Strong 1Q on higher output and better prices HOLD
Author: kiasutrader | Publish date: Thu, 7 May 2015, 02:19 PM

- We maintain HOLD on Press Metal Bhd with an unchanged fair value of RM3.20/share – pegged to 14x PE over FY15F core FD EPS.

- Press Metal reported a net profit of RM43.1mil for 1QFY15 (+54% YoY, +3% QoQ). This is on the back of an 18% YoY revenue growth to RM1.1bil (from RM897mil). On a sequential basis, sales has fallen by 7%.

- Stripping off extraordinary items – i.e. marked-to-market forex loss provisions primarily on USD-denominated borrowings – Press Metal would have reported a core net profit of RM139mil (vs. 4Q14’s RM123mil).

- While Press Metal’s 1Q core earnings exceeded our expectations, we maintain our numbers for now (it made up 47% and 43% of our and consensus estimates).

- Press Metal declared a first tax-exempt interim dividend of 3 sen/share (vs. 5 sen/share for 1QFY14). We are expecting total DPS of 16 sen for this year (FY14: 16 sen).

- The topline growth can be attributed to higher production output from both its Mukah and Bintulu plants during the quarter. Recall that the Mukah plant was shut down in June 2013, and only resumed full production in April 2014.

- With production at full capacity, Press Metal saw its earnings improve on better aluminium spot prices and premiums during the quarter. Spot price was trading at an average of USD1,801/MT during 1Q (vs. USD1,710/MT a year earlier).

- While 1Q numbers are encouraging, outlook on the global aluminium market remains muted. Recall that Alcoa, US’ largest producer, is now forecasting a global deficit of 326,000 metric tonnes (vs. expectations of a surplus earlier) for this year due to anticipated oversupply. Also, China had recently removed a 15% export tax on aluminium products while LME implemented rules to move metal out of its warehouses faster.

- As a result, global premiums have fallen by as much as 40% YTD while spot prices are trading at an average of USD1,810/MT during the same period.

- We maintain our numbers and HOLD call as we expect global prices to remain muted on the back of a mixed global economic recovery. We have forecasted an average selling price of USD2,150/MT for this year.

Source: AmeSecurities Research - 7 May 2015

Press Metal - Strong 1Q on higher output and better prices HOLD
Author: kiasutrader | Publish date: Thu, 7 May 2015, 02:19 PM

- We maintain HOLD on Press Metal Bhd with an unchanged fair value of RM3.20/share – pegged to 14x PE over FY15F core FD EPS.

- Press Metal reported a net profit of RM43.1mil for 1QFY15 (+54% YoY, +3% QoQ). This is on the back of an 18% YoY revenue growth to RM1.1bil (from RM897mil). On a sequential basis, sales has fallen by 7%.

- Stripping off extraordinary items – i.e. marked-to-market forex loss provisions primarily on USD-denominated borrowings – Press Metal would have reported a core net profit of RM139mil (vs. 4Q14’s RM123mil).

- While Press Metal’s 1Q core earnings exceeded our expectations, we maintain our numbers for now (it made up 47% and 43% of our and consensus estimates).

- Press Metal declared a first tax-exempt interim dividend of 3 sen/share (vs. 5 sen/share for 1QFY14). We are expecting total DPS of 16 sen for this year (FY14: 16 sen).

- The topline growth can be attributed to higher production output from both its Mukah and Bintulu plants during the quarter. Recall that the Mukah plant was shut down in June 2013, and only resumed full production in April 2014.

- With production at full capacity, Press Metal saw its earnings improve on better aluminium spot prices and premiums during the quarter. Spot price was trading at an average of USD1,801/MT during 1Q (vs. USD1,710/MT a year earlier).

- While 1Q numbers are encouraging, outlook on the global aluminium market remains muted. Recall that Alcoa, US’ largest producer, is now forecasting a global deficit of 326,000 metric tonnes (vs. expectations of a surplus earlier) for this year due to anticipated oversupply. Also, China had recently removed a 15% export tax on aluminium products while LME implemented rules to move metal out of its warehouses faster.

- As a result, global premiums have fallen by as much as 40% YTD while spot prices are trading at an average of USD1,810/MT during the same period.

- We maintain our numbers and HOLD call as we expect global prices to remain muted on the back of a mixed global economic recovery. We have forecasted an average selling price of USD2,150/MT for this year.

Source: AmeSecurities Research - 7 May 2015

UZMA has surged above the EMA120 level with mild volumes yesterday. The MACD Histogram extended another green bar, while the RSI is hovering near 50. Monitor for a breakout above the RM2.52 level, targeting the RM3.00-RM3.15 levels. Support will be set around the RM2.19 level.

should move upwards on oil price rally

monitor for 0.365 if broken...then 0.50 is imminent

Negatives news likely discounted. PMETAL’s s hare prices nosedived 15.6% in four days to end at RM2.86 yesterday as investors fear the surprised China’s government decision to remove export taxes on bars and rods of primary aluminium and aluminium-alloy effective 1 May will exacerbate global glut of the metal and dampen further global aluminium prices.
China’s aluminium prices are less attractive than global prices. We gather that the latest export tax cut would have a minimal impact on the aluminium market outside China. Management viewed that the export tax is only removed for a specific category of aluminium strips, bars and rods that are produced in smaller quantities (these products are still subject to the 13- 17% VAT that reduces China’s competitiveness to export). Moreover, China’s aluminium prices are less attractive than global prices as China’s domes tic price of the commodity has found strong support above US$2100/MT against the global all-in aluminium prices of circa US$2050.
Undemanding valuations. At RM2.86, PMETAL is trading at undemanding 7.2x Bloomberg FY16 P/E, 44% below its 10-year historical average P/E of 13x, supported by an EPS CAGR of 17.8% for FY15-17 and decent dividend yield of 4.5%-5.2%. Hence, we advocate investors to take this opportunity to buy on weakness given that PMETAL’s fundamental and pros pects remain intact. We think such steep discounts would have provided a sufficient margin of safety and cushion further share price decline.
Accumulate as values emerge. PMETAL is grossly oversold after recent slump in share price. Currently, PMETAL is building its base above 61.8% FR support near RM2.76. Immediate resistance levels are RM3.00 (200-d SMA). A decisive breakout above RM3.00 could spur prices higher towards RM3.22 (23.6% FR) and our long term objective of RM3.31 (200-h SMA and 100-d SMA). Key supports are RM2.76 and RM2.70. Cut loss below RM2.65.
Source: Hong Leong Investment Bank Research - 28 Apr 20

Aluminium price shoulkd break usd2000 anytime for another record breaking for the year

Sersol if resistance at 0.365 broken, should move higher

PMETAL SHOULD BE TRENDING UPWARDS AS ALUMINIUM PRICE ON LME HIT RECORDS HIGH OF USD19.19 ON LME OVERNITE. PMETAL SHOULD BREAK 3.00 TODAY WITH NEXT IMMEDIATE TP OF 3.40


http://www.westmetall.com/en/markdaten.php?action=show_table&field=LME_Al_cash

My stock pick today : SERSOL

http://www.westmetall.com/en/markdaten.php?action=show_table&field=LME_Al_cash

ALUMINIUM PRICE HAS REGISTERED A SUBSTANTIAL LEAP FROM A LOW OF USD 1742 IN MARCH TO USD 1909.50 ON 1ST MAY 2015. ITS A RECORD HIGH FOR 2015 ANF]D THE TREND SEEMS TO TARGET BREAKING USD2000 SOON. PMETAL SHOULD BENEFITS FROM THIS TREND

Sersol may experience a further rebound after recovering back above the MYR0.31 level, albeit marginally. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.365, followed by MYR0.39. The stock may fall and drift sideways if it cannot hold above the MYR0.31 mark. In this case, further support is anticipated at MYR0.27, where traders can exit upon a breach...FROM OSK DATED 29-4-2015

Sersol may experience a further rebound after recovering back above the MYR0.31 level, albeit marginally. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.365, followed by MYR0.39. The stock may fall and drift sideways if it cannot hold above the MYR0.31 mark. In this case, further support is anticipated at MYR0.27, where traders can exit upon a breach

http://klse.i3investor.com/servlets/ptres/29703.jsp

Some good development coming up this week. we should see 0.45 n 0.50 very soon

i bet go north...let's see who is right

Aluminium price shot up by USD25 to USD1830 on Friday on the metal exchange contrary to players believe that the aluminium prices will retreat due to the China's move on tax regime. To look out for reversal of PMETAL tomorrow

Emico was testing the MYR0.23 resistance level in its latest session. Traders may buy if this level is surpassed in the near term, with a target price of MYR0.25, followed by MYR0.275 . In the meantime, the stock may consolidate further if the MYR0.23 level cannot be surpassed. In this scenario, further support may then be found at MYR0.20, where traders can exit upon a breach.

iF MARKET SENTIMENTS FAIRLY GOOD...ABLEGRP SHOULD BE A GOOD CHOICE

Buy pesona. ..should break 1.00 by tomorrow. Don't buy warrant.

Watch UZMA for breakout above 2.52 today

Tp 0.15 this week

Gogo UZMA. ..riding on better oil price and impending corporate announcement

Go for luster... Heard big big announcement this week.