Posted by derrickinvestor > 2013-07-23 14:38 | Report Abuse

it is dropping... sadly to say

Posted by EeTyng Chai > 2013-07-23 15:29 | Report Abuse

strong support 0.845

Posted by minatlevis > 2013-07-23 21:22 | Report Abuse

quite some time lingering at current price....hope will shoot soon...

Posted by yangkwang > 2013-07-23 22:02 | Report Abuse

An unpolished gem recall coming soon! read on:
http://klse.i3investor.com/servlets/ptres/16392.jsp

Posted by 4u2c > 2013-07-23 22:19 | Report Abuse

Keep and buy more if below 80 cts.....abv rm1.00 is very possible....

Posted by matrixcool > 2013-07-23 22:24 | Report Abuse

GOB chartwise remains Bullish..
Still unable to clear $0.86 to test next resistance of 0.885 and high of $0.93.
Immediate supports is adjusted to $0.845/$0.825.

Posted by investor2013 > 2013-07-24 12:37 | Report Abuse

no power macam

Posted by Punesh18 > 2013-07-24 12:46 | Report Abuse

Droping....

Posted by 4u2c > 2013-07-24 21:59 | Report Abuse

we dont hv insider info. hold dont contra......it will hit abv 1 rm

Posted by stockcrazy > 2013-07-25 10:50 | Report Abuse

must pass and stand at 0.875 baru can hit higher.....
1st target--> 0.97
2nd target--> 1.13
3rd target--> 1.39

Posted by JTFX > 2013-07-25 11:48 | Report Abuse

GOB gobblinggggg...lets go..

Posted by EeTyng Chai > 2013-07-25 11:51 | Report Abuse

COMING!!! break the resistance while market is red!

Posted by messiBarca > 2013-07-25 11:51 | Report Abuse

time to fly as rocket

Posted by sephiroth > 2013-07-25 12:04 | Report Abuse

if price increase by 14 sen, pe just increase by 1 time

Posted by sephiroth > 2013-07-25 12:07 | Report Abuse

woah 0.89!!!

Posted by yangkwang > 2013-07-25 12:15 | Report Abuse

Global Oriental Bhd - Due for a re-rating?
Date: 04/06/2013 Source: Kenanga

INVESTMENT MERIT
An unpolished gem. Apart from owning >200 acres of landbank in Batu Kawan, the group is also one of the few established developers in Seri Kembangan with a remaining landbank size of >200 acres as well. Besides, it also has two prominent joint-venture projects namely da:men or Gateway (a new mall in USJ Subang Jaya) and a mixed development in K.L. with Lembaga Getah Malaysia with gross development values (“GDV”) of RM1,000m and RM860m respectively. Based on our best guesstimates, this two 2 projects together with its ongoing projects in Seri Kembangan and Batu Kawan should provide ≈RM2.0b in GDV for the next 4-5 years.
- Numbers are getting better. The earnings has turned back into the black in FY11 after three consecutive years of loss-making. It has also recorded c.RM32m net profits for the last two financial years. In its recent 4QFY13 results, the group’s revenue increased by 55.3% to RM73.6m as compared to RM47.4m in 4QFY12 or 9.9% as compared to RM67.0m in 3QFY13. Its pre-tax profit also increased significantly to RM17.6m from RM1.3m in 4QFY12 and 14.6m in 3QFY13. Its net profit, however, were flat at RM32.0m for the last two years due to a lower taxation in FY12 of 10.6% vs. 28.1% in FY13.
- A laggard play? Being one of the potential beneficiaries of the opening of the Second Penang Bridge, the stock has underperformed its peers such as Tambun Indah (Not Rated) by 31.4% while it has performed inline with KLPRP Index.
- Deep in value? Based on our calculations, we believe that GOB will be able to register approximately RM36m in net profit or an EPS of 15.8 sen in FY14, representing <4.5x PER at this level. The RNAV for the stock is high at RM3.08/share and the projected FY14 book value per share (“BPS”) is at RM1.27.
- TRADING BUY with a fair value (“FV”) of RM1.23 based on a conservative 60% discount to its RNAV, implying a targeted FY14 PER and PBV of 7.8x and 0.97, respectively. These valuations are not excessive vis-à-vis the small cap property stocks average of 11.4x and 0.98x, respectively.
TECHNICALS
- Resistance: RM0.72(R1), RM1.10 (R2)
- Support: RM0.63 (S1), RM0.55 (S2)
- Comments: A bullish “Flag” formation appears to be taking shape on the daily chart. Should the share price break above the RM0.72 resistance, we reckon that GOB could potentially extend its gains towards RM0.85, and possibly RM1.10 next. Watch for a breakout.
BUSINESS OVERVIEW
Global Oriental Berhad (“GOB”) (formerly known as Equine Capital Berhad) was listed on the Main Market of Bursa Malaysia on 28 October 2003. The GOB Group is principally involved in the development of residential and commercial properties, and sale of development lands. Over the years, the group has successfully developed and handed over more than 6,800 units of residential and commercial properties with a GDV of more than RM1.3b. Its niche in township development since 1992 is best exemplified by its three flagship projects namely Taman Equine, Putra Permai and Pusat Bandar Putra Permai.
Source: Kenanga

Posted by willyy > 2013-07-25 12:52 | Report Abuse

old news....lol

Posted by Esque > 2013-07-25 12:59 | Report Abuse

Just a reminder to hold le. Haha.

Posted by JTFX > 2013-07-25 13:34 | Report Abuse

GOB..has held very well since the breakout abv 0.70 the last few weeks..for a run towards 1.10....

Posted by efugor > 2013-07-25 14:29 | Report Abuse

up up up

Posted by sephiroth > 2013-07-25 15:10 | Report Abuse

almost back to square one

Posted by matrixcool > 2013-07-25 21:37 | Report Abuse

GOB finally broke out from $0.86 with volumes and tested its resistance of $0.885.
It may re-test the resistane soon and if cleared will try its previous high of $0.93.
Immediate supports is adjusted to $0.86/$0.845.

Posted by Jeremy Yeap Yeow Chun > 2013-07-26 00:09 | Report Abuse

Can reach how much?

Posted by Azhar Mohd Mokhtar > 2013-07-26 00:19 | Report Abuse

HOPE can broke out tomorrow :)

Posted by 4u2c > 2013-07-26 11:03 | Report Abuse

this share is practising tai chi ...up down up down --slow motion .....once full power, it will break rm1.00 can buy when it dips ...Good fundamental share

Posted by Esque > 2013-07-26 13:19 | Report Abuse

Get On Board

Posted by derrickinvestor > 2013-07-26 14:41 | Report Abuse

Can reach RM3/-

Posted by amandang > 2013-07-26 14:59 | Report Abuse

RM3?

Posted by inwest88 > 2013-07-26 15:02 | Report Abuse

RM3 ???????

Posted by sephiroth > 2013-07-26 18:03 | Report Abuse

at least this week +0.015

Posted by CityTrader > 2013-07-26 19:37 | Report Abuse

Good altitude to dare to dream big. Let price to touch rm1 first.

Posted by chewjs > 2013-07-27 04:14 | Report Abuse

Rm3 how year to wait?? hahhaha.......

Posted by derrickinvestor > 2013-07-29 13:29 | Report Abuse

hmm...will bounce back again

Posted by Punesh18 > 2013-07-29 13:58 | Report Abuse

going down????

Posted by chewjs > 2013-07-29 14:09 | Report Abuse

usual lah!!! alway up up up then down down down..........

Posted by matrixcool > 2013-07-29 21:04 | Report Abuse

More consolidation is expected for GOB.
Any rebound may find resistance at $0.86.
Support is at $0.82 and next support at $0.80.

Posted by matrixcool > 2013-07-30 20:47 | Report Abuse

GOB expected to test its immediate resistant at $0.86/$0.89.
A break above $0.89 may takes it to its previous high of $0.935.
Immediate suppost is at $0.82.

Posted by derrickinvestor > 2013-07-31 12:48 | Report Abuse

Come on gob!

Posted by ccs999 > 2013-07-31 12:49 | Report Abuse

Come On GOB.....

Posted by derrickinvestor > 2013-07-31 15:08 | Report Abuse

sad... GOB moving south... *sob* *sob*

Posted by sephiroth > 2013-07-31 15:10 | Report Abuse

earlier bought at 0.695 and 0.74, waiting to collect more below 0.70, no need to sob, this is just a knee jerk reaction to fitch downgrade

Posted by derrickinvestor > 2013-07-31 15:34 | Report Abuse

oh shit... nose start to bleed again....

Posted by yfchong > 2013-07-31 16:40 | Report Abuse

waiting for bottom fishing,.......

Posted by matrixcool > 2013-07-31 20:50 | Report Abuse

Violated the uptrend line, expect more consolidation towards next support at $0.76.
Any rebound may find immediate resistant at $0.83.
GOB may trade between $0.76-$0.83.

Posted by Grandma > 2013-08-01 00:49 | Report Abuse

Good call OTB. Grandma like this counter too. Both PE and PC below 7 and PS is below 1. Also couple with Low PB indicating undervalue. Receivable turnover is balance within its class ie PD but asset ratio not fully utilise still very low.

Posted by Grandma > 2013-08-01 00:53 | Report Abuse

5 out of 6 giving green. Grandma also feel net income slightly lower in ratio to Revenue. 50 million would be just right.

Posted by derrickinvestor > 2013-08-01 15:54 | Report Abuse

GOB hope it advanced to Rm1/- ler

Posted by matrixcool > 2013-08-01 20:21 | Report Abuse

GOB tried to push up back above $0.82 but met with strong resistant today. As mentioned due to Bad market sentiment yesterday it violated the Uptrend line.
Tomorrow it is expected to re-try $0.82 level and it needs to close above $0.83 to re-challenge those previous high.
Immediate support is adjusted to $0.785.

Posted by pathew > 2013-08-01 21:01 | Report Abuse

Matrix, still riding here?

Posted by matrixcool > 2013-08-02 10:56 | Report Abuse

pathew , still clearing when it rebound back towards the previous uptrend line (Now turn resistant and it will get harder to cross back each day as new resistant become higher)...
long term still on as long as $0.695 not violated.
I will look at it again if can break above $0.89.
Good Lucks.