Momentum picking up.

Top up some more 2.24.

Didn't sleep for long. Lol.

https://www.ft.com/content/a332559e-cd83-4669-b01f-77d8cf3fd1e1

Opportunity to buy.

wallstreetrookie not a rookie after all.
LoL.

cruger12345... Appreciate the input. Thanks to Choivo Capital for showing interest in LCT as far back as January this year if I remember correctly. My entry was extremely low and I recovered my losses sustained last year when I sold at a loss at 3+++. Have since taken back capital and peofit. Currently letting free shares ride. Low or no risk.

cruger12345... A lot has changed since that report from an IB. Have never trusted IBs. Cheers and happy investing.

@cruger12345.... That report was 2 months ago.

If cross 2.25... Will hit 2.30 easily.

Issuance of almost 64M new shares at 0.235 per share for the purchase of 38% Banle Energy International Ltd a profitable Hong Kong bunkering business.
Strengthening indeed. This acquisition will contribute positively in Straits earnings.

OTB has his own style. Leave him be. Trade within your comfort level.

Ignore naysayers who argue just for the sake of arguing without facts.

Chart very positive. Will probably break 2.20 and skyrocket soon.

Took back capital and profit at 2.10. Let free shares ride. Good luck.

@Choivo Capital... Very timely call. Uptrend is imminent.

Great writeup and astute observation Choivo Capital. I am also optimistic that LCTitan will show improvement in Q3.

@Gen2... Assets acquired without borrowings. Something is brewing. MD keeps loading.
Just have to wait.

Buy and keep, stay away from forum.
Don't need to get upset at what people say. Wait until reach TP then sell.

Up down is good. When volume come, sell. Take back capital, profit and stock up free shares. People can say TP RM2 or RM5. Between now and TP got chance to make. Don't let emotions get the better of you.

Park 0.71.

@sheep... Sandiwara big time. Agong won't see Anwar... Rainy season too many frogs surfacing. MY is as cool as a cucumber. Rebound is imminent. Low volume for this counter. Easy to manipulate.

Bought some more 0.155.

Prihatin announcement by PM. Non issue.
Buy some more 0.725.
If Anwar doesn't succeed, market will rebound very fast.

Political whirlpool again... See how market reacts.

Ok... Now I buy 0.735-0.74 and keep.

Hopefully durian runtuh tomorrow. Dow taking a beating.

Operator at work... Not many buyers. Can spook very easily. Price can drop very fast.

Whatever the rumour on KPS, I like. Hope the news is delayed and the momentum is maintained.

Close gap tomorrow.

Privatisation?!

Meantime... If reach 0.83-0.85 will sell and wait at 0.74.

@Bullish... RM5 very good. Already took back capital and profit. Will let the free shares ride.

Speakup smart... Now can buy lower.

Buying... 0.165, 0.16... Now 0.155. Buy some more if go lower.... Going to spike up hopefully soon. IB target 0.38... My tp 0.45. The diamond in the rough. Got 113K foc shares. Be patient.

Tomorrow pass 2.00 will be good.

@ding ding... You're right... Bye bye... Hahaha.

Buy some more 0.16.

@Kabali... Have to be cautious with KPS... Public float limited. Easy to manipulate. The volume says it all. Be wary.

https://www.manifoldtimes.com/news/straits-inter-logistics-subsidiary-beluga-asia-acquires-bunker-tanker-to-increase-service-availability/

This report was in 27 July 20.
Maybe quarantine... Hahaha.

Ex date 0.35 or lower.

Nibbling 1.68.

Slowly rise better.

https://www.malaymail.com/news/malaysia/2020/08/29/putrajaya-to-phase-out-3g-network-by-end-of-2021-announces-new-infrastructu/1898382#.X0osaLo-x2g.link

D&O Green Technologies - Bottomed Out - Kenanga Research & Investment | I3investor


D&O Green Technologies - Bottomed Out
Author: kiasutrader Publish date: Wed, 26 Aug 2020, 3:46 PM

2QFY20 core PATAMI came in at RM0.7m (-89% YoY; -73% QoQ), bringing 1HFY20 core PATAMI to RM4.6m (-62% YoY). While only representing 15% of both our and consensus estimates, we deem it to be in line as we believe the worst is over and expects a far superior performance in the 2H. The group has recovered to full capacity in June and is seeing strong orders owing to pent-up demand from China car sales which has staged growth for four consecutive months, while Europe is seeing encouraging rebound in car sales. Maintain OUTPERFORM with higher TP of RM0.965.

Within expectations. 2QFY20 core PATAMI came in at RM0.7m (-89% YoY; -83% QoQ), bringing 1HFY20 core PATAMI to RM4.6m (-62% YoY). While the numbers only represent 15% of both our and consensus estimates, we deem it to be in line as we believe the worst is over and expects the a far better performance in the 2H as the group regain full operations.

YoY, revenue for 1HFY20 fell 9% to RM207.4m as the group was largely impacted by the movement control order (MCO) where it was limited to 20% workforce followed by a gradual increase to 50%. This has caused some inefficiencies due to underutilised production space during the period which resulted in lower gross profit margin of 25% vs. 27% in 1HFY19. QoQ, PATAMI fell 83% on a 25% decline in revenue. The large decline can be explained by the impact of MCO which was mostly felt in the 2Q as compared to the 1Q.

Better 2H. We believe that the worst is over for D&O and expects a significantly better 2H with subsequent quarters to see continuous QoQ growth. The group has recovered to full capacity in June and is seeing strong orders owing to pent-up demand from China automotive market as well the Europe automotive market. China being the first to curb the Covid-19 spread has staged a V-shaped recovery in automotive sales and has also marked its fourth consecutive monthly growth as sales rose 16.4% YoY in July, raising expectation that the slump in auto sales could be ending. Over in Europe, car sales have also displayed encouraging recovery coming off the low of -76% YoY in April to -22% YoY in June, thanks to the lifting of restrictions and attractive rebates. We also noted that both regions are experiencing increasing demand for electric vehicles, in line with government policies to reduce carbon emission.

LED per vehicle is expected to increase as car markers emphasis more on electric vehicles and driverless vehicles. As one of the pioneers of smart RGB, D&O is well positioned to reap the benefits as car makers adopt such technology. Smart RGB allows for local dimming which results in better contrast and lower power consumption. This works in favour with electric vehicles which are dependent on battery for its driving range.

Maintain FY20E and FY21E core PATAMIs of RM29.9m and RM42.9m, respectively. We believe the current quarter to be the bottom of a U-shape recovery and expects a strong 2H to pick up the pace.

Maintain OUTPERFORM with a higher Target Price of RM0.965 based on higher 25.3x FY21E (previously 22.6x), in line with its 3-year mean to reflect improving prospects ahead as the worst quarter is over. Being a renowned brand name in full range automotive LED, we believe D&O is a prime proxy for the potential recovery in the automotive market.

Risks to our call include: (i) disruption of components supply, (ii) replacement/obsolescence of LED technology, (iii) adverse currency fluctuations, and (iv) adverse foreign labour policy

Source: Kenanga Research - 26 Aug 2020

Sold on news.

@budakbaik... Your wish might come true. Hahaha.

Picked up again 0.165.

Uzma showing signs of resuming uptrend, says RHB Retail Research

theedgemarkets.com

August 12, 2020 07:45 am +08
KUALA LUMPUR (Aug 12): RHB Retail Research said Uzma Bhd is showing signs of resuming its uptrend, after undergoing weeks of correction.

In a trading stocks note today, the research house said a positive bias may emerge above 61 sen, with resistance levels at 67.5 sen, followed by 69.5 sen.

“A stop-loss can be set below 61 sen,” it said.

Bought 1.85. Good luck.