Stock grossly oversold. rebound imminent.

Volume dwindling down.

Players exiting stock.

Looks like stock will be quiet with low volume for some time.

next support 0.31

Huge volume due for Force selling already sold today.

Strong rebound likely.

First resistance 0.38

Huge force selling ahead ! Weak support at 0.28

Director buying :

http://klse.i3investor.com/servlets/anpth/1077955.jsp

RHB RESEARCH

Perisai Petroleum Teknologi may experience a further technical rebound after breaching the downtrend line in its latest session. Traders may buy as a bullish bias could be present currently, with a target price of MYR0.525, followed by MYR0.565. The stock coulddrift sideways if it does not react to the bullish development . In this case, further support is anticipated at MYR0.43, where traders can exit upon a breach.

Next resistance is 0.41 after 0.38 is taken out.

Stock grossly oversold.Rebound imminent . First resistance 0.50

Crude oil rebound strongly by 4.6 % yesterday.

Scomies grossly oversold. Rebound likely on Monday. First resistance 0.38

Excellent 9 month results. Profit increased by 93 % over previous year.

First resistance at 0.12

EDGE MARKETS REPORT :

MULPHA : GOOD PERFORMANCE

http://www.theedgemarkets.com/my/article/mulpha-international-returns-profitability-1qfy15-thanks-its-investment-segment

What is the reason for the sharp plunge in K1 price since yesterday ?

Huge price loss in two days . UNUSUAL. There must be a specific reason ?

Anyone wish to give a reason ? Many thanks.

More likely a good profit as properties were selling well over the past years

FROM :oilprice.com dated 24/5/2015

Perhaps the most important reason that crude oil may trade higher is that in the United States oil inventories fell by 2.67 million barrels for the third straight week, according to a May 20 report by the U.S. Energy Information Administration. US oil production also declined to under 9.3 million barrels a day, its lowest since early February.

Stock likely grossly oversold. Rebound imminent.

Yes. Force selling in next 2 days. queue at 0.085

MAYBANK 14/5/2015

PERISAI :Downgrade to SELL; TP lowered to MYR0.42 (-35%), based on 7x 2016 PER (unchanged).

Crude oil rallying now . O&G stock will rebound


Crude Oil (WTI) USD/bbl. 60.56 +1.63 +2.77% Jun 15 09:29:16
Crude Oil (Brent) USD/bbl. 67.95 +1.50 +2.26% Jun 15 09:29:21

MUI : rebound imminent !

HONG LEONG INVESTMENT BANK RESEARCH DATED 29 APRIL 2015

PERISAI (HOLD) : TP 0.69

On the O&G sector, we maintain our NEUTRAL call on the sector in view of the Petronas capex cut (15-20%) and reduction in operational expenditure. Asset owners such as drilling, OSV and fabrication service providers will be negatively impacted by lower charter rate (average ~10- 15% declines) and utilization rate. We remain cautious on MMHE (Sell; TP: RM1.11), UMW O&G (Sell; TP: RM2.50) and Perisai (Hold; TP: RM0.69).

Lack luster trading. Next support at 0.16

Share plunging non stop. WHY DROPPING ??

Calvin, Those positive news you mentioned may be true.

But it is indeed strange that a company which made substantial profits does not give any dividends to shareholders.

Mulpha share price has been stagnated for a very long time while other property companies has performed very well in their share prices over the same period. This is indeed disturbing.

Minority shareholders are beginning to have doubts on the management of the company

Lowest price to fix is the par value of 20 sen. Good for this stock.

Share has been consolidating for many months.

Volume has spiked . Trend is likely up. First resistance is at 0.12

http://www.theedgemarkets.com/en/article/drb-hicom-malakoff-perduren-kub-astro-mulpha-vs-industry-and-osk-property

Unusual volume today. WHAT IS HAPPENING ??

Positive news for Mulpha

http://www.theedgemarkets.com/my/article/divestment-local-property-arm-sharpen-mulpha%E2%80%99s-focus-australian-venture

Stock has been consolidating at this level 0.09-0.095 for some time. Rebound imminent.

Brent crude rebounded about 3 %. Augurs well for O&G counters. Perisai will rebound likewise

Historical low at 0.13-0.135

Trend is down. Big volume for past two days but it seems like a major shareholder is unloading. Strong support at 0.12

First resistance 0.16

DOWNTREND. Further weakness expected. NEXT SUPPORT 0.61


TMC Life Sciences may experience further correction after closing below the MYR0.69 level. Traders may expect further weakness if the stock stays below this level in the near term, with the next support level anticipated at MY0.655, followed by MYR0.61. The stock may trade sideways if it recovers back above MYR0.69, while bullish bias is likely to return if it recovers above the MYR0.74 level.

Source: RHB

First Resistance is 0.13

RHB RESEARCH

Mulpha International may rebound further after climbing back above the MYR0.38 level, although it is only briefly above the 100-day MAV line. Traders may buy as a bullish bias could be present above this threshold, with a target price of MYR0.435. The stock may consolidate further if it cannot sustain above the MYR0.38mark. In this case, further support is anticipated at MYR0.355, where traders can exit upon a breach.

RA losing money for the past years. Latest results VERY BAD. Support at 0.02.

The facts are simple and very negative.

Major shareholders, Billion Power and the directors have been dumping their shares by the ten of millions over the past few weeks.

This stock is very risky to hold or buy.

PUBLIC INVEST RESEARCH: DAYA TARGET PRICE 0.25

We thus maintain our Neutral call with a rerated TP of RM0.25 premised on our FY15F EPS of 2.5sen, pegged to a 10.0x PE. We have adjusted our earnings estimates to account for the higher costs going forward. Daya’s performance despite the re-rating, is supported by SD1 and SD2 tied to LT charters coupled with upside from its growing technical services and polymer divisions to meet our FY15F estimates.

DOWNTREND. Seems like making new low every week.

Don't forget the private placement just recently was at 16.5 sen. I think the RI should be around this price

Likely this counter will be the last to shoot up soon after all O&G counters are already up.

This is a very strange oil & gas counter. All other counters up except this . WHY ?

Uptrend. First Resistance 0.105

Target RM0.63 (Stock Rating: ADD) : CIMB

What You Should Do
We advise investors to accumulate Perisai shares. In our 30 Dec 2014 sector report, we conservatively removed two idle assets, namely mobile offshore production unit Rubicone and pipelay barge E3, from our forecasts. Should management secure contracts for these assets, the swing in earnings would be substantial.

First resistance 0.18

PUBLIC BANK
Stock : DAYA Price Target : 0.25 | Price Call : HOLD
Last Price : 0.16

We thus maintain our Neutral call with a rerated TP of RM0.25 premised on our FY15F EPS of 2.5sen, pegged to a 10.0x PE. We have adjusted our earnings estimates to account for the higher costs going forward. Daya’s performance despite the re-rating, is supported by SD1 and SD2 tied to LT charters coupled with upside from its growing technical services and polymer divisions to meet our FY15F estimates.

Any reason why Daya being sold down in huge volume ??

Volume increasing lately Trend likely up.

First resistance :0.18

Tdex NTA is low at 6 sen. A risky trade.