EVEL - KNM show already started. Just closed WA at 200k x 39sen for 1.5sen gain. Still got 200k to either hold or play. Possible that WA will close at 40sen today.

Trust kuya hawk - he confirmed impulsive w3 for this counter.

Personally, I think the WA will close unchanged at 22.5sen today - there is still a fair bit of selling today because of the price spike last week.

The WA is really for traders who want to play with leverage. Otherwise, like madiba has advised, stick tot he mother share.

KNM - show about to start again

kuya hawk - thanks for the advice

For traders - counter appears to be turning (selling exhaustion). Trade at your own risk!

Bros, technicals really do not look good and it appears that the downtrend (W4) has started. Do be cautious.

Thanks kuya hawk - I do have an open position at the moment.

sosfinance - Agreed that this stock is very hard to trade as there is normally very little volume.

But do take a look at the development to see if even the lower GDV is achievable or not.

I do agree that fundamentally the counter is ok as it has a stable business in road maintenance and related works.

KNM - maybe still in w3sw1 extension? Hopefully kuya hawk can comment.

CT - Looking at KNM candlesticks, looks like a bullish continuation pattern. Note EGM on 18/04, so operators may be looking to close it at 95sen this week

dragonslayer - I don't know if you are familiar with Bangi but I golf there once a month. Do take a look and decide for yourself - you should not believe anyone (including me) on hearsay alone.

Hint: Management says 10 billion 15yrs, research house says 5 billion 25yrs. Why such a big disparity in GDV and development period? To get a high GDV, the development has to be commercial - any possibility of this being a success?

Like I said earlier, the TPs flogged by the research houses take into account the "rosy" development.

Still T+4 for spike to 34sen last week. Seems a lot of weak holders in WA being shaken out. Recovery probably starts 2moro.

Retailers with strong hearts can look at WA now - use your own judgement though.

Agreed however that the fundamentals for this counter are good but if the trend is down, why fight it? Can always come back to the counter when the wave down is completed - the wave sifus in this forum are pretty good in their analysis!!!

Note that inari is on Bursa's approved shortselling list. It certainly looked like a lot of shortselling yesterday.

If it cannot break 2.70 today (heavy buying at this level yesterday), then the counter should continue on its downtrend. If it is Wave 4, the final level for this wave could be 2.00.

In any case, the technicals are extremely bearish with 20dma is at 2.675 and this is the level now that the bulls and bears are clashing over.

Counter closed at 20dma (24sen). If it can stay above 24sen and break 25.5sen, only then will it start running.

Buildup over last few trading days look good - let's see if it continues.

madiba - good morning and thanks for the update.

CT - many thanks for the reading. will keep an eye on the counter the next 2 days. cheerio!

kenrixx - That's organic growth, if you had bought the stock much earlier, can still sit on it and wait for further appreciation.

The real bonus is if the announcements come through in the next 2 or 3 weeks while the stock still has some upward momentum (technical indicators are starting to flatten).

CT - Bro, can you please post your technical reading on Tebrau here? The stock had a breakoput and is looking very interesting. Thanks & regards.

DreamM - Really good info there, bro.

By the way, the stock market is not a zero sum game unlike the futures market. It doesn't mean that if you win, others lose.

Don't have so much faith in banks or fund managers - they will front run you and collect both commissions and trading margins.

Palau is a small island nation and the resort development business is very, very long term - see how many years it took for Robert Kuok to build his Shangrila chain.

Best person to answer that is still bro newman

Clj Jun - Looks like a bullish continuation pattern - next 2 trading days will confirm. Noted a lot of buying from 93 to 95sen last week.

By the way, don't worry too much about so-called fundamental values. More money to be made in trading, haha!!

sosfinance - Glad I made your day and that you had a good laugh.

Technically, all indicators are have turned down with a bullish reversal pattern building. So, let's see if it retraces to 1.60 so that we can trade the counter.

acdc - Actually 50dma is 52sen, and the counter has already broken below that level. 20dma also crossed 50dma - danger sign. 45 to 46sen is the bottom bollinger band and if it breaks that, then 38sen.

At the moment, there is no sign of any bearish reversal. In any case, trade at your own risk!

Bro newman - any strategy on daytrading this stock next week?

Wow, Yk John - your rumor story is even more powerful. But if there is the possibility of a bonus issue, then the TP of 1.50 can be reached.

FX Lee - Yes. Do read the circular using the link provided earlier by one of the forumners.

share99 - Rumor says 1.10 by EGM date. Counter still in rally mode as of Friday's closing.

Thanks for the additional info, sosfinance.

Perhaps it is best to look at the counter from a fundamental basis and discount totally the De Centrum development. Note that the targets set by the analysts take into account the property development hype. If you are familiar with the Sunway Group, then do study their previous property projects in the Bangi area - all small ones with very slow take up rates.

Like I said earlier, on a fundamental basis, the value is closer to RM 1.00. Government spending on road maintenance has always been stagnant and with the increasing budget deficit, I would think that road maintenance may be given less priority.

All the hype pushed by the analysts so far on the "property development" and the "O&G play" seems to be linked to the PP exercise.


From here, I would say "Follow the Money". Any additional selling by the major shareholders will not be exactly a good sign.

Just a quick hint - property margins are at 15 to 20% of GDV.

If the property development is so-called "rosy", then you are looking at gross profit of RM 1.5 to 2.0 billion over a period of 10 years ie 150 to 200 million a year. This is an additional EPS of 50 to 66sen per share!!!!

And therefore, why is the MD selling???

Definitely no warrants, only mother share. But if you are interested in this counter, it appears that it has completed bottoming and is slowly moving on an uptrend. - all technical indicators are positive and pointing up. RSI is still low around 48, so perhaps a good entry point to buy and hold.

I suppose it needs to break 24 to 25 sen with volume before retail interest comes in to trade the counter past the previous high of 29sen.

Should it break 29sen, the counter will then be in uncharted territory with the upper uptrend channel at 35 to 37 sen.

wcs0201 - Looks very much like a bullish continuation pattern. We will know on Monday!!

Inari also needs really good news to breakout form its current trading range - may have to wait awhile!!

Anyway, looking at the trading pattern on Friday, I don't think 48sen will hold. Just my opinion.

A good strategy is to hold the counter -if you already have a position - till the EGM on 18 April as the counter is still in rally mode (technical indicators all point up).

Should the EGM successfully carry the PVR resolution and if there is a strong hint of a bonus issue, the counter should rally further.

The Pengerang Integrated Complex (27 billion capex) also means a lot of opporunities for KNM.

DreamM - The rumor on Mpay that I heard says the final TP is 85sen. Fundamental analysis (if they get the GST contract) gives a value of 53 to 65sen.

I do agree that Iris is presently in downtrend. Probably will trade down to 45 - 46sen and if that breaks, then to 38sen.

You do have to take stock that all sorts of announcements were made such as the Palau deal just to bring the price above 51sen so that the PP could be done.

A good strategy would be to switch to other stocks and come back here when the operators are again ready to play. No need to love the stock, really.

Ooi TB - well said and many thanks for sharing.

Please continue to track the stock and let readers here know the entry point when the price comes.

Again, thanks a lot.

fortunebullz is actually very perceptive although he doesn't say so in too many words.

For those who bought much earlier and who are sitting on pretty hefty gains, then congratulations.

The point is, going forward, there has to be really good news and developments for the counter to trade to the next level ie to breakout from 2.91 and trade as high as 3.50 to 4.50 within the next two tp three months. Organic growth is of course still very much in place and a slow uptrend in price to perhaps 3.30 over the next two years is plausible. So, long term investors can still sit on the counter and wait for appreciation.

However, the short term trend if there are no major positive developments, can only be down in view of the ongoing correction in the US markets - whether we like it or not, we are part of the global economy.

Good observation wee888. Get ready for the real rally soon!!!

Haha! Where got sifu. I am only giving my opinion - my fren asked about this counter as he wanted to invest in the mother share so I decided to look into it.

A major point to note - I have no trading or investment position in this counter.

Anyway, just highlighting that the rally was largely driven by jaw-boning from the company officials and of course "friendly analysts". The purpose is already clear and that is the PP exercise at 1.95. Look at Iris and see what happened to the share price after the PP was set at 51sen - all sorts of announcements including a laughable 30% stake in a resort development in Palau prior to the PP. Any wonder why the Protasco MD himself is selling?

I wouldn't want to put too much weightage on the "rosy" prospects of the 10 billion property development - take a drive to Bangi and see the "town" and the ongoing property developments there for yourself.

On the O&G play, don't you see any similarity in the rally of MEGB shares which is based on a call & put option between a HK based Malaysian and the major shareholder. Real or scam, time will decide.

The road maintenance sector is still their bread and butter business (this was privatised from JKR) and I reckon that the counter is probably worth around RM 1.00 using fundamental analysis.

With all this jaw-boning etc., if you are interested in this counter, and considering the rally is technical in nature, it pays to give very close attention to technical analysis. Because when more people develop awareness of the "rally", the result could be particularly ugly.

madiba - great to hear from you in Shanghai.

I would think that the mother share should move up to the 1st TP of 38.5sen within this month - and perhaps even the 2nd TP of 45 to 50sen in May - as it is very much technically in a strong Stage 2 wave. So, the WA does give those retailers with a strong heart the opportunity to leverage and realise a better gain. After all, if we expect the price to trade at 32sen throughout, then there is no longer any reason to hold a position in this counter.

Your advice for caution is however noted. All we will need to do from here is to monitor the mother share's price and if we feel it will be a strong move up, trading the WA would then make sense.

I normally take a base position in the mother and trade the warrants in selected counters. Where counters are so-called "gorenged", the operators make the real money in the warrants. Hard to see why Chew would choose to sell the WA at a cheaper price when the mother share is still rallying as the WA would obviously move in lockstep but with better leverage. Unless, as I speculated, for other "reasons".

As usual, this is not a buy or sell call but just part of a healthy ongoing discussion.

Heavy buying at support from 2.73 - 2.75. This can result in a price breakout only if the MB transfer is confirmed and if 1st QTR results are excellent.

On the other hand, fortunebullz's observation that the stock may correct because of the US markets can also materialise in the short term.

foretunebullz - Agree with you that Friday's move was meant to attract buyers for the operators to dispose to, as it had already hit resistance at 27.5sen.

In this case, you probably still have a lot of retailers chasing the price, which of course makes it easier for the operators to dispose even more shares at a better price.

I would agree with Ooi TB that the counter will retrace to 23.5 - 24sen before consolidating, rebounding and continuing with its upward journey. So, plenty of time for me to buy in at a better price.

The above is my opinion only - this is most certainly not a buy or sell call.

Dun worry, Alex. Most of the time slts is very negative. This time, he is positive and that is a very good sugn.

You can take it that with slts' timely appearance here, Inari should really move up next week!!!!

Don't forget KWSP holds more than 38% of MRCB while the CEO even with his massive asset injection only holds 12%.

It certainly looks like the mother and WA prices are being traded in a narrow range. And with a total of 7 call warrants for this counter, it is hard to see why the issuers would allow the price to go up significantly. It is a possible reality that the re-branded KWSP with its outsourcing to selected fund managers actually trades counters such as MRCB ie with volume, these fund managers can make money even in a narrow trading range.

For a supposedly turnaround stock with so much positive news to date, I have been wondering why the mother share cannot breakout from its narrow trading range. Perhaps only when KWSP says so, and only then will you see a higher price. In which case, the call warrants issuers will panic, haha!!

Note that it is clearly stated in the PVR circular that the share premium arising from the PVR is not meant to be utilised for the off-setting of accrued losses.

The PVR circular is very positive for the mother share ie there is the prospect of a bonus issue to shareholders. KNM Boleh!!!

Continuous selling by the substantial shareholder (Chan) can depress the mother share price, so I think Chew made the correct move by taking the shares off Chan in a married deal.

The mother share leads and if it does not move up, neither can the WA

Taugeh - You may just have your wish if the operators continue with their game plan to push the counter down. But then, they may not stop at 0.185sen.

On a serious note, the counter is bottoming.

Technical indicators and candlesticks are all still pointing up. If the local market is not too jittery about Friday's drop in the US markets, then the counter should still rally.

It is taking far too long for the MB transfer approval - does anybody here know whether it hit some snags or worse, whether it has been rejected!

Otherwise, no reason for Inari to keep languishing at 2.73 to 2.75.