PETALING JAYA: Savvy investor Brahmal Vasudevan has emerged with a 6.62% stake, or 12.6 million shares, in human resources (HR) company SMRT Holdings Bhd, Bursa Malaysia filings showed.
SMRT Holdings’ shares were among the most actively traded on Bursa yesterday, rising 8.5 sen or 23.29% to 45 sen on a volume of 22.72 million shares. It also recorded its 52-week high of 47.5 sen. Meanwhile, its warrants increased nine sen to 38.5 sen on a volume of 19.88 million shares.
SMRT Holdings has a market capitalisation of RM85.6mil.
In the past, Brahmal’s emergence in a listed company has stirred excitement, as he is seen as an investor who looks for undervalued stocks.
Brahmal, who also runs private equity firm Creador, had previously taken a personal stake in MyEG Services Bhd, from which he had gained a 300% return within one year of investing.
His Creador fund has also taken stakes in Oldtown Bhd and Bonia Corp Bhd. Other companies associated with investments by Brahmal and Creador are Scicom MSC Bhd and GHL Systems Bhd. The shares of all these companies had appreciated post their entry.
Most of the Brahmal staff r chinese n indian. They always make calculative move, 1 step at a time. Their old stocks r to remain at peak level n the newly acquired one is to shoot up many folds b4 coming to a halt n remains at the peak. If u get to know their chief analysts, u will huat3 without stressing yourself in analysis work.
Scicom MSC(SCIC MK) Technical BUY with +21.5% potential return Last price : RM1.07 Target Price : RM1.21, RM1.30 Support : RM1.01 Stop-loss: RM0.995 BUY with a target price of RM1.30 with stop loss placed below RM0.995. Following a rebound off the trendline on 29 Apr 14, SCIC’s share price has gradually climbed higher and surged past the strong resistance level of RM1.01 on 19 May 14. Given the classic breakout from the “1,2,3 formation” yesterday, a positive closing above RM1.06 along with a higher trading volume of 2.9m shares (vs 20- day average of 1.4m) should boost the share price higher. This is consistent with the current rising momentum as shown by an uptick in RSI. Moving forward, the creation of a new upleg yesterday could kick-start an upward continuation of the recent uptrend. We peg our target at the 1.61x Fibonacci extension target of RM1.30 over the medium term.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Tornado
1,938 posts
Posted by Tornado > 2014-04-27 23:12 | Report Abuse
Well , not so low. It is above 4 weeks avg volume