Construction Materials and Road Maintenance
 Leading construction materials provider. CMS has strategically positioned itself
as a one-stop building materials provider, complementing other divisions such as
construction and property whereby products can be utilised in-house, thus
enhancing the overall profitability margins of the group. The construction materials
division consist of i) five quarries commanding an estimated 30% share of stone
aggregates sold in Sarawak, ii) six premix plants and a mobile plant with 60% share
of concrete and bitumen emulsion market and iii) a single plant to manufacture steel
wire and wire mesh.
 Capitalising on infrastructure growth. Similar to cement, construction materials
demand will be underpinned by increased construction activities within the State,
especially from SCORE. We conservatively forecast revenue to grow by 9% from
2013-16 on stable margins.

KEY ASSUMPTIONS
Year 2013 2014F 2015F 2016F
Capacity (‘000 tonnes) 1,750 1,750 2,750 2,750
Utilisation (%) 90% 90% 60% 63%
ASP (RM) 300 320 320 320
Source: CMS, UOB Kay Hian

Post removed.Why?

MPAS PROJECT
Capex RM1.04b
Ownership CMS – 40%
MPA – 40%
Arif Enigma – 20%
Financing Equity – 30%
Debt – 70%
Capacity 500,000 MTpa of phosphate products
450,000 MTpa of Coke
Off-take Plans to secure off-take of up to 60%
Commission 1H16 with full production expected in 1H18
Source: CMS, UOB Kay Hian

Post removed.Why?

PHASE 1 OF OMS
Capex RM1.4b
Ownership OM Holdings – 80%
CMS – 20%
Financing Equity – 70%
Debt – 30%
Capacity 308,000 MTpa of ferrosilicon alloys
Off-take 60% secured
Commission 2H14 with full production expected in 2H15
Source: CMS, UOB Kay Hian

OM Sarawak (OMS)
 Major earnings kicker. Upon full production of Phase 1, OMS is expected to
contribute PBT of RM63m, or around 21% of the group’s 2013 total. We have
conservatively assumed 20% PBT margin with an ASP of US$1,500/tonne, giving
the company an IRR of 16% for the investment.
 Phase 1 to commence in 2H14. In partnership with OM Holdings (OMH AU), phase
1 of the OMS project, costing around US$424m, will have a total production capacity
of 308,000 MTpa for ferrosilicon alloys. It is expected to commence operations in
2H14 with full commission of plant anticipated a year later. As for Phase 2, we
understand that construction for the Manganese alloy plant should begin in late-
2014, with commencement expected 18 months after.
 Essential to steelmaking. Ferrosilicon is a raw material used in the de-oxidation
process to prevent loss of carbon from molten steel. It is essential to steelmaking
and demand for the product is expected to grow in tandem with global steel
production, which grew at a CAGR of 6% in 2004-13. Over the past 10 years, steel
production growth was mainly driven by Asia which accounts for 60% of world
production capacity now, as compared to 40% previously.
 Competitive power cost a major oomph. As power makes up to approximately
50% of the total operating cost, OMS has a major cost advantage against its global
peers due to the competitive 20-year power purchase agreement secured from
Syarikat Sesco Berhad. Effectively, OMS will pay an average of about US$5.5c/KWh
over the next 20 years, which we understand to be at 40-50% discount to the rates
incurred by its competitors.
 5-year tax holiday. Granted a pioneer tax status, OMS will enjoy tax holiday for five
years upon commencement of production. Furthermore, it will also enjoy zero import
and export duties, thus being able to price its products competitively.
 Close proximity to key Asian markets. Setting up the smelter plant in Samalaju
gives OMS a vital location advantage, being in close proximity to key economic
powerhouses such as China and Japan, which account for some 60% of the global
steel production. On top of convenient access to these key markets, OMS will
benefit from lower transportation costs for both raw materials supply as well as
delivery of end products to customers.
 60% off-taking secured. Leveraging on its partner’s (OM Holdings) strong
customer database, OMS has secured 60% binding off-take agreements with
customers such as JFE Shoji and Hanwa for its phase 1 production. The remaining
40% will be sold on the open market, allowing them to earn better margins.

KEY PROJECTS AT SAMALAJU
Company Product (US$)
Tokuyama Polycrystalline Silicon 2.5b
Press Metal Aluminium 1.0b
AML Manganese 325m
Asia Advanced Minerals Metallic Silicon 203m
Sakura Ferroalloys Ferro & Silicon
Manganese
328m
Source: CMS, UOB Kay Hian

Samalaju – the backbone of SCORE. There are five major areas identified within
SCORE and Samalaju has been earmarked as the backbone (refer to top RHS
table), concentrating on heavy and energy-intensive industries. With a deep sea port
currently under construction (full completion in 2016), Samalaju stands out due to
attractive energy rates offered and its strategic location within close proximity to
economic powerhouses such as China and Japan. To-date, Samalaju has managed
to attract foreign investments of up to US$9b including the likes of reputable players
such as Tokuyama and Press Metal (refer to bottom RHS table).
 Attractive energy rate from hydropower. Due to its geological formation, SCORE
has an abundance of natural resources, including clean and safe renewable
resources like hydropower. As a result, SCORE is able to offer attractive energy
rates, which we understand to be 40-50% cheaper compared to other places in the
region. Currently, most of the energy source comes from the gigantic Bakun dam
which has a capacity of 2,400MW. In anticipation of more energy needs at SCORE,
state government has begun the planning process to build more water dams. It was
recently announced that the State is planning to build the proposed Baram and
Balleh dams with installed power capacity of 1,200MW and 1,295 MW respectively.

KEY SCORE AREAS
Area Developments
Samalaju Heavy and Energy Intensive Industries
Tanjung Manis Halal hub
Mukah Smart city
Baram Hydropower and oil palm
Tunoh Oil palm & Eco tourism
Source: RECODA, UOB Kay Hian

INDUSTRY HIGHLIGHTS – SCORE
 Significant value from SCORE projects. With committed investments of up to
RM800m, CMS is most leveraged to the thriving economic corridor, and is expected
to derive about RM90m PBT in 2016 from its SCORE projects, or 21% of group’s
total (2013: 30%). On top of being the master developer of Samalaju Industrial Park,
CMS has also invested in i) a 20% stake in OM Materials Sarawak (OMS), which
aspires to be the world’s lowest cost ferro-alloy producer and ii) a 40% JV to develop
Southeast Asia’s first integrated phosphate plant. All these projects combined
(excluding phosphate project) will contribute approximately 15% to CMS RNAV.
 Key economic corridor to drive Sarawak’s GDP. Launched in 2008, SCORE is
one of the key economic corridors established by the Federal government and the
Sarawak state government with land area spanning over 70,000 sq km and
population of more than 600,000. It is a multi-year project with planned investments
of RM334b, of which 80% will be contributed by the private sector, aimed at
accelerating the state’s economic growth.

INVESTMENT HIGHLIGHTS
 3-year earnings CAGR of 15%. We forecast CMS earnings to grow by 3-year
CAGR of 15% from RM175m in 2013 to RM269m in 2016, spearheaded by its
SCORE investments. Despite the commencement of the OMS plant in 2H14, we
expect meaningful earnings contribution to flow in from 2015 onwards as it takes
approximately one year to ramp up to full production. Apart from OMS, the group’s
bottomline is also underpinned by other business segments, riding on Sarawak’s
infrastructure growth.
 Steady cash flow from cement division. Being the only cement player in
Sarawak, CMS cement division has been churning out steady cash flows of around
RM90m p.a. to the group. Currently, CMS’ two grinding plants are running at 97%
utilisation rate and it is in the midst of building a third grinding plant, increasing
production capacity by 57% to 2.75mtpa. Owing to strong competitive edge, cement
division has recently raised prices by 5-9% to offset an increase in production costs.
CMS’ strong advantage as a monopoly is also evident in the superior margins
fetched compared to Peninsular peers.
 Healthy balance sheet and solid dividend policy. As of end-2013, CMS is sitting
on a huge cash pile of RM513m, giving management a sizeable war chest to
participate in value-enhancing investments to shareholders (eg.OMS). We gather
that management is studying a few proposals and will only invest if the project meets
an internal hurdle rate of 18%. In addition, CMS has committed to a 30% dividend
payout policy, providing investors visibility on future dividend in-flows. We reckon
there is scope to increase dividend payout as OM Sarawak begins to churn positive
cash flows to the group from 2015 onwards.
 Remarkable track record. Helmed by competent professional managers, CMS has
embarked on corporate restructuring since 2008, after hiving off its stakes in noncore
businesses such as UBG Group and RHB Bank. The renewed focus has led to
delivery of commendable profits, with the group achieving net profit CAGR of 44%
over the past four years, effectively shrugging off initial scepticism over its
shareholding links to family members of the previous Chief Minister of Sarawak.
FIGURE 1: KEY BUSINESS SEGMENTS

KEY FINANCIALS
Year to 31 Mar (RMm) 2012 2013 2014F 2015F 2016F
Net turnover 1,204 1,418 1,453 1,514 1,565
EBITDA 286 375 431 460 475
Net profit (adj.) 136 175 204 240 269
EPS (sen) 41.4 53.5 62.1 73.2 82.1
PE (x) 23.8 18.4 15.9 13.5 12.0
P/B (x) 2.2 2.0 1.8 1.6 1.5
EV/EBITDA (x) 10.5 7.9 6.9 6.3 5.7
Dividend yield (%) 1.7 1.7 1.9 2.2 2.5
Net margin (%) 11.3 12.4 14.0 15.9 17.2
Net debt/(cash) to equity (%) (29.1) (31.0) (31.4) (34.9) (42.4)
Interest cover (x) 20.4 66.6 25.2 26.3 27.1
ROE (%) 9.1 10.6 11.3 12.2 12.5
Consensus net profit 202.5 248.3 307.0
UOBKH/Consensus (x) 100.5 96.6 87.7*

Post removed.Why?

Matrix Concept Holdings
(MCH MK)
Technical SELL with +10.5% potential
downside
Last price : RM4.10
Target Price: RM3.95, RM3.71
Resistance : RM4.15
Stop-loss: RM4.18
SELL with a target price of RM3.71 with stop
loss placed above RM4.18. Following the
“three black crow” pattern formed in the last
three days, which signifies a bearish
continuation pattern, MCH looks set to fall
lower. Given the negative closing below the
21-day SMA line on top of the negative
readings in both MACD and Stochastic, MCH
could slide lower in the near term. A higher
trading volume of 0.67m shares was recorded
yesterday (vs 5-day average of 0.4m),
suggesting selling pressure is set to intensify
later. We expect the share price to test the
support at RM3.95 and major support
subsequently at RM3.95.

Greenyield (GREE MK)
Technical BUY with +11.8% potential return
Last price : RM0.255
Target Price : RM0.285
Support : RM0.250
Stop-loss: RM0.245
BUY with a target price of RM0.285 with stop
loss placed below RM0.245. After rising above
the steeper trendline on 11 Feb 14, the share
price has continued to advance higher until
GREE breached the immediate resistance of
RM0.250 (now support) on 28 Apr 14. GREE
tested the support of RM0.250 before paring
down earlier losses to close higher at RM0.255
yesterday. Given the lower trading volume
recorded yesterday, we perceive yesterday’s
blip as a minor pullback which can also be
seen as a “return move” after the initial
breakout. Moving forward, the MACD and
Stochastic readings remain positive. GREE
may resume its upward movement, thus we
peg our upside target at the previous high of
RM0.285 over the short term.

SCGM (SCGM MK)
Technical BUY on pullback with +20.7%
potential return
Last price : RM1.53 (RM1.40~RM1.50)
Target Price : RM1.64, RM1.72
Support : RM1.36
Stop-loss: RM1.35
BUY on pullback with a target price of RM1.72
with stop loss placed below RM1.35. Given our
earlier BUY call on 31 Mar 14, SCGM has
move higher and exceeded our target price of
RM1.41. Despite the minor correction from the
recent high of RM1.51 to the low of RM1.35,
SCGM staged a strong rebound yesterday to
correct toward a possible upward continuation.
The emergence of fresh buying interest
yesterday in the form of a higher trading
volume of 4.1m shares (vs 20-day average of
1.3m) has proved to be a much needed
catalyst in order to drive the share price higher.
However, conservative investors may try to
accumulate within the RM1.40-1.50 region
amid a potential minor pullback over profittaking
given the sharp rise yesterday. Upside
target is pegged at the 1.61x Fibonacci
extension level of RM1.72.

MUDAJAYA GROUP 29/4 Shares Buy Back 58,000 MUDAJAYA GROUP 2.59

wow quite high also ha

Post removed.Why?

Write a comment..http://klse.i3investor.com/blogs/valueinvestorresearchklse/51230.jsp

Post removed.Why?

sleepy gud nite guys

https://www.facebook.com/photo.php?fbid=781575611853717&set=np.85345937.100002496753938&type=1&theater

https://www.facebook.com/photo.php?fbid=781577301853548&set=np.85345937.100002496753938&type=1&theater&notif_t=notify_me

http://klse.i3investor.com/servlets/ptres/22369.jsp

Still, we do not discount the possibility of revisiting our forecasts should m anagement secure new initiatives outside the existing MyKad and passport space. In particular, we are looking forward to more developments on the electronic medical and health record systems front, as well as the intelligent transport information system that the group is currently developing.

RHB IS ACTUALLY WAITING FOR THE ABOVE NEWS??????????? IN ORDER TO RERATE THE STOCK

http://klse.i3investor.com/servlets/ptres/22369.jsp

Still, we do not discount the possibility of revisiting our forecasts should m anagement secure new initiatives outside the existing MyKad and passport space. In particular, we are looking forward to more developments on the electronic medical and health record systems front, as well as the intelligent transport information system that the group is currently developing.

RHB IS ACTUALLY WAITING FOR THE ABOVE NEWS??????????? IN ORDER TO RERATE THE STOCK

Key Support & Resistance level
Resistance : RM0.80 (R1) RM0.87 (R2) RM1.00 (R3)
Support : RM0.75 (S1) RM0.67 (S2) RM0.61 (S3)
Outlook : Bullish
What does indicator says:
MACD : Bullish
Stochastic : Bullish
RSI : Bullish
Trend : Bullish
What should you do:
Strategy : Not Rated
Current Share Price : RM0.78
Fundamental Call
KNK : N.A.
Consensus : N.A.

About the stock:
Name : Mitrajaya Holdings Bhd
Bursa Code : MITRA
CAT Code : 9571
Market Cap : 307.4
52 Week High/Low : 0.78/0.40
3-m Avg. Daily Vol. : 2,310,756.0
Free Float (%) : 49.2%
Beta vs. KLCI : 1.2
Yesterday, MITRA rose 7.5 sen (+10.64%) to settle at RM0.78
with strong trading volume. Investors’ interest has been
particularly strong recently due to its good contract
replenishment momentum and cheap valuation. Technically
speaking, MITRA has been trading on an uptrend over the past
2 months. Following yesterday’s strong showing, a long bullish
candlestick has taken shape on the daily chart, suggesting some
strong buying support for the stock. Positive readings from all
key indicators (MACD, RSI and Stochastic) are supportive of our
bullish view. Hence, we believe that MITRA could rally to retest
its previous high of RM0.87 fairly soon. Should this resistance be
taken out, MITRA could rally towards the next resistance level at
RM1.00 (R3).

Mitrajaya Holdings Bhd (MITRA) - Not Rated----------KENANGA TECHNICALS

Yesterday, MITRA rose 7.5 sen (+10.64%) to settle at RM0.78 with strong trading
volume. Investors’ interest has been particularly strong recently due to its good
contract replenishment momentum and cheap valuation. Technically speaking,
MITRA has been trading on an uptrend over the past 2 months. Following
yesterday’s strong showing, a long bullish candlestick has taken shape on the daily
chart, suggesting some strong buying support for the stock. Positive readings from
all key indicators (MACD, RSI and Stochastic) are supportive of our bullish view.
Hence, we believe that MITRA could rally to retest its previous high of RM0.87
fairly soon. Should this resistance be taken out, MITRA could rally towards the next
resistance level at RM1.00 (R3).
Outlook Bullish
Key Resistance level RM0.80 (R1) RM0.87 (R2) RM1.00 (R3)
Key Support level RM0.75(S1) RM0.67 (S2) RM0.61 (S3)
Strategy Not Rated Current Price RM0.78

Key Support & Resistance level
Resistance : RM5.98 (R1) RM6.20 (R2) RM6.35 (R3)
Support : RM5.11 (S1) RM5.00 (S2) RM4.94 (S3)
Outlook : Neutral
What does indicator says:
MACD : Overbought
Stochastic : Overbought
RSI : Overbought
Trend : Neutral-Bearish
What should you do:
Strategy : Take Profit
Current Share Price : RM5.38
Fundamental Call
KNK : N.A.
Consensus : N.A.

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Post removed.Why?

BUSINESS OVERVIEW

Glomac Berhad is a property development company which was
established back in 1988 and listed in 2000. The groups core business
remains property development with greater focus on prime land in the
Klang Valley and greater Kuala Lumpur region.

The group has completed more than RM4b in total sales value for
townships, residential, commercial, and mixed development properties
and has a total GDV of RM10.8b.
BUSINESS SEGMENTS

Glomac’s current projects are mainly located in the the Klang Valley,
one township in Johor and townships in Cyberjaya. The groups core
business breakdown by EBIT is; (i) Property Development (98%), and
Construction (2%).

About the stock:
Name : Glomac Bhd
Bursa Code : GLOMAC
CAT Code : 5020
Key Support & Resistance level
Resistance : RM1.18 (R1) RM1.24 (R2) RM1.32 (R3)
Support : RM1.08 (S1) RM1.00 (S2) RM0.93 (S3)
Outlook : Bullish

Comment: Last week, GLOMAC confirmed a breakout
from the “Symmetrical Triangle” resistance level at
RM1.08. This was seen as a major bullish move, hinting
that the share is poised to enter into another round of bull
run. Despite the temporary consolidation, we reckon that
the long-term technical outlook of GLOMAC is bullish.
With the share price now hovering just above the
“resistance-turned-support” level, traders should take any
share price weakness as an opportunity to buy on dips.
From here, we expect the share price to eventually rally
towards RM1.50 in one year time. Meanwhile, downside
should be limited by placing a stop-loss level at RM1.05.

KENANGA REPORT TODAY----------ON OUR RADAR


Glomac Berhad
Affordable Houses to Bolster Demand

Rating Fair Value
Last Price RM1.10
Kenanga Trading Buy RM1.27
Consensus NEUTRAL RM1.22

INVESTMENT MERIT
· 9M14 results below expectations. 9M14 results made up 57% of
consensus estimates, as core earnings were RM71m (after stripping
off RM15m one-off gain on disposal of its Australian investments),
due to higher costs from construction and land conversion premium
in Saujana Rawang. The group has also lowered its FY14E sales
target to RM0.5b from RM0.7b as they hold back launches (e.g.
Lakeside Resideces) due to challenging market conditions. As at
9M14, Glomac has unbilled sales of RM792m, which provides
slightly more than 1 year earnings visibility. Management is targeting
at least RM800m launches in FY15 with main contributors being
Glomac Damansara Retail Mall, Saujana Rawang, Centro V and
also Lakeside Residence. Assuming a 70% take-up rate, FY15
sales could be around RM0.5-0.6b. We have reduced our FY14E
earnings assumption by 12.8% to RM111m since our last On Our
Radar note issued on 11th June 2013.
· Affordable township landbanking in Johor. On 21st March 2014,
Glomac entered into a SPA with Precious Quest Sdn Bhd to acquire
the latter for RM22.7m (RM3psf) which has the rights to develop
174.2ac of leasehold land in Kulaijaya, Johor. The project GDV is
RM700m and is slated to be a mixed development focusing on the
more resilient landed affordable housing market. Significant
earnings contribution is likely post FY16. Glomac’s remaining GDV
of RM6.8b comprises of 97% Klang Valley, and 3% Johor. The
Johor based project is Sri Saujana in Kota Tinggi, which started
back in 1995.
· Sizeable affordable housing content to bolster demand going
forward. In light of recent government policies aimed at combating
speculation in the property market, we believe the affordable
housing segment will prove resilient as it targets more genuine
house buyers. Glomac’s affordable housing projects is est. at 60%-
70% of total GDV. The group will be launching properties with price
range of RM400-600k for 2-storey link houses, and RM800k+ for
Semi-D’s in Saujana Rawang. Furthermore, we anticipate demand
surge in 2HCY14 pre-GST implementation (April 2015), especially
for affordable landed properties.
· Stable dividends. Management recently proposed a single tier
interim dividend of 2.25 sen during the 3Q14 results. Despite not
having a formal dividend policy, the group is targeting 4.9 sen NDPS
in FY14F, which suggest 4.4% dividend yield at current levels.
· TP has been lowered to RM1.27 based on wider 50% discount on
our updated FD RNAV of RM2.54. Back when we issued our On
The Radar note back on 11th June 2013, our TP was RM1.45 based
on 30% discount to its FD RNAV of RM2.08. The higher RNAV is
due to updating of new landbanks and balance sheet figures.
However, we opted to widen their RNAV discount factor to 50% to
reflect the more challenging environment. The discount is wider than
our average discount of 40% for developers under our coverage due
to its market capitalisation size. Additionally, our TP implies 6.6x
FY15E PER which is within its peer’s range of 6.7x but below their
historical average of 7.5x. Even with our conservative TP, it provides
a decent total return of 19.9%. Trading BUY.

PLEASE HAVE A LOOK,,,I WILL REMOVE IT LATER



Changes in Director's Interest (S135)



Tuesday, 29 Apr 2014

6:47PM IVORY Dato' Low Eng Hock (8,800,000 units Transferred)
6:26PM DSONIC Chew Ben Ben (205,000 units Acquired)
6:25PM DSONIC Dato¿ Wan Ibrahim Bin Wan Ahmad (20,000 units Acquired)
6:23PM CAMRES Hia Wan Kiga (1,668,660 units Acquired)
6:17PM HARNLEN TAN SRI DATO' LOW NAM HUI (277,000 units Transacted)
6:17PM HARNLEN PUAN SRI DATIN CHAN PUI LEORN (277,000 units Transacted)
6:17PM HARNLEN LOW QUEK KIONG (277,000 units Transacted)
6:17PM HARNLEN LOW KUEK KONG (277,000 units Transacted)
6:17PM HARNLEN LOW KOK YONG (277,000 units Transacted)
6:17PM HARNLEN LOW KWEK LEE (277,000 units Transacted)
6:17PM HARNLEN LOW KUECK SHIN (277,000 units Transacted)
6:05PM ORIENT Loh Kian Chong (442,900 units Transacted)
6:05PM KPS YB Dato' Kamarul Baharin bin Abbas (12,780 units Disposed)
6:00PM HARNLEN LOW QUEK KIONG (250,000 units Transacted)
6:00PM HARNLEN PUAN SRI DATIN CHAN PUI LEORN (250,000 units Transacted)
6:00PM HARNLEN TAN SRI DATO' LOW NAM HUI (250,000 units Transacted)
5:59PM HARNLEN LOW KWEK LEE (250,000 units Transacted)
5:59PM HARNLEN LOW KUEK KONG (250,000 units Transacted)
5:59PM HARBOUR Tan Sri Celestine Ujang Anak Jilan (50,000 units Disposed)
5:59PM HARNLEN LOW KUECK SHIN (250,000 units Transacted)
5:59PM SNTORIA Dato' Gan Kim Leong (54,555,600 units Transacted)
5:59PM SNTORIA Dato' Chan Kong San (54,555,600 units Transacted)
5:59PM HARNLEN LOW KOK YONG (250,000 units Transacted)
5:59PM CIMB Dato' Sri Mohamed Nazir bin Abdul Razak (806,950 units Transacted)
5:45PM LUSTER-LA Lim See Meng (28,962,500 units Disposed)
5:19PM NAIM Datuk Amar Abdul Hamed Bin Haji Sepawi (213,300 units Disposed)
5:19PM NAIM Datuk Amar Abdul Hamed Bin Haji Sepawi (30,000 units Disposed)
5:19PM TAANN Datuk Amar Abdul Hamed bin Haji Sepawi (110,200 units Disposed)
5:19PM SUPERMX Shamsudin @ Samad Bin Kassim (100,000 units Disposed)
5:14PM CHEEWAH Lee Eng Sheng (47,000 units Disposed)
5:13PM PPG LEE KHENG HON (48,000 units Disposed)
5:13PM ANCOM Dato' (Dr) Siew Ka Wei (20,000 units Acquired)
5:13PM ZECON Tan Sri Datuk Amar (Dr.) Tommy Bin Bugo @ Hamid Bin Bugo (20,000 units Acquired)
5:13PM PANTECH DATO¿ CHEW TING LENG (3,000,000 units Disposed)
5:13PM PPG LEE KHENG HON (50,000 units Disposed)
5:13PM HALEX LOW NGAK TIOW (13,659,606 units Disposed)
5:13PM PPG LEE KHENG HON (10,000 units Disposed)
5:07PM PRTASCO Tan Yee Boon (40,000 units Transacted)
5:07PM CMSB Datuk Syed Ahmad Alwee Alsree (600,000 units Acquired)

Post removed.Why?

HEAVY BUYING ON DSONIC,,SO HOW FAR THE PRICE CAN GO UP NOW??? AFTER THIS DIVIDEND?????

Post removed.Why?

I JUST CANNOT UNDERSTAND WHY SUDDENLY EVERY NEWS ON BUSINESS SITES ARE TALKING NEGATIVE ON SMALL CAPS..JUST SOME PROBELM AT UKARINE,, CHINA PMI DATA ON THURSDAY,,N FOMC MEETING ON 29 N 30.. MAYBE PMI DATA NOT GOOD OR QE TAPERING IS THERE IN THE CARDS,,THAT DOES NOT MEAN WE HAVE TO GO INTO PANIC SELLING..SOMETIMES THIS NEWS ON BUSINESS SITES,, I MEAN THE MEDIA, IS JUST TAKING ADVANTAGE ON THE SITUATION, N START PUMPING IN MORE POISON INTO IT, TO CAUSE PANIC SELLING..THIS MAS MEDIA THIS DAYS CANNOT BE TRUSTED AT ALL.. YES I AGGREE THE SMALL CAPS ARE IN OVERBOUGHT CONDITION, BUT THERE IS NO NECESSARY FOR A PANIC SELLING

Post removed.Why?

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Sycal Ventures (SYC MK)
Take profit with potential downside of 8.5%
Last price : RM0.385
Target Price : RM0.355
Resistance: RM0.405
Stop-loss: RM0.410
SELL with a target price of RM0.355 with stop
loss placed above RM0.410. Following our
BUY call on 1 Apr 14, SYC’s share price has
moved beyond our expectation after exceeding
our target price of RM0.370. A steep correction
from the recent high of RM0.425, which placed
the share price below the 10-day SMA line,
marks a potential continuation of the downward
movement. This is consistent with the negative
readings in both MACD and Stochastic as the
selling pressure intensified yesterday following
the formation of a “long black candle” on the
back of a bearish crossover in MACD. Moving
forward, we expect SYC to resume its
correction and test the previous low of
RM0.355 in the short term.

Pintaras Jaya (PINT MK)
Take profit with potential downside of 6.1%
Last price : RM3.80
Target Price : RM3.58
Resistance: RM3.96
Stop-loss: RM3.98
SELL with a target price of RM3.58 with stop
loss placed above RM3.98. Following our triple
BUY call on 14 Mar 14, 4 Apr 14 and 9 Apr 14,
PINT’s share price has surged, exceeding our
target price of RM3.60. As the share price
retraced from the recent high of RM4.12, PINT
formed a “bearish engulfing” pattern that
closed below the 10-day SMA line yesterday.
In our view, this signals further correction
ahead. Our view is supported by a bearish
crossover in RSI and negative reading in
Stochastic which should translate into further
weakness. Support can be seen at the 50.0%
Fibonacci Retracement Level of RM3.58,
which serves as our near-term target for now.

JUST a uob kay hian report today

Protasco (PRTA MK)
Take profit with potential downside of 5.6%
Last price : RM1.88
Target Price: RM1.78
Resistance : RM1.95
Stop-loss: RM1.96
SELL with a target price of RM1.78 with stop
loss placed above RM1.96. Following our BUY
call on 19 Feb 14 and 5 Mar 14, PRTA’s share
price has exceeded our target prices of
RM1.78 and RM1.89. Despite the trend
remaining on the upside, we expect the current
weakness in share price to pull the share price
lower in the near term. PRTA has closed below
both the 10-day and 22-day SMA lines and
negative readings from MACD and Stochastic
point toward further intensified selling
pressure, thus PRTA may travel lower toward
the 61.8% Fibonacci retracement level of
RM1.78 in the short term.

any ideas about wellcal?

Posted by nsk82 > Apr 28, 2014 09:36 PM | Report Abuse

can you do copy and paste on every single stocks ? please be considerate, this news is so general that it applies to all stocks :p



Posted by johnny cash > Apr 28, 2014 06:52 PM | Report Abuse

KENANGA MONDAY REPORT


Eyes on U.S. FOMC Meeting, Again



MAYBE YOU HAVE ALREADY ACCESS TO KENANGA, SO NO PROBELM FOR YOU,,BUT PLEASE GIVE A CHANCE FOR OTHERS TO READ ALSO..NEWBIES ALSO WANT TO READ IT..THINK FOR OTHERS A LITTLE

http://www.thestar.com.my/Business/Business-News/2014/04/28/Property-OG-in-RHB-list-Scientex-Tambun-Indah-make-return-to-Top-30-SmallCap-jewels/

RHB 30 JEWELS CAPS,,,PMETAL IS MENTION HERE