Technical BUY with +20.0% potential return Last price : RM0.65 Target Price : RM0.66, RM0.78 Support : RM0.61 Stop-loss: RM0.595 BUY with a target price of RM0.78 with a stop loss below RM0.595. Share price continued to rise above the steeper trendline as the stock is expected to retest the recent high of RM0.66 in the near term. Given yesterday’s positive closing along with rising trading volume of 8.4m shares (vs 20-day average of 1.3m), this indicates renewed buying interest. As share price is still climbing above the “cloud”, the surge in positive momentum and a bullish crossover in MACD should accelerate the upward movement. A breach of the RM0.66 level should catapult the stock towards our medium-term target at 1.61x Fibonacci extension level of RM0.78.
can go to RM1+ with new project on stage and exporting wood to Japan for olympic and burma ban on wood export...Just buy and keeplah.,,,but no margin and contra,,ok
This share could be exciting if the volume can be maintained.. It looks like its heading up towards the rm 1. Fundamentally the company is on the right path with property and timber play .. It also manage a mall in selayang .. It's a kedah developer who is young and recently plan to build also in KL Since its from kedah - naturally it has land in langkawi Some say it's undervalue .. the mgmt team seems ok although their timber devision doesn't contribute much to their bottom line .. In coming weeks we can see if the trend can sustainable .. Hahahaha
the year was 2005, it plummeted (together with 2 other penny speculative counters on the same day, 16 May 2005) from 1.60/1.70+ to all the way about 20 sen; but it's history already la.
If u look at their land in langkawi and some other places - it's not revalue for years .. So some smart fella can revalue it and immediately the share will look undervalue
Buy if u feels its at good level .. Penny shares .. So it's cheap hahaha Property developer shares all moving up .. seal only matter of time explode .. The movement is like tortoise One day will become like rabbit or horse hahaha
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....
azog
53 posts
Posted by azog > 2014-03-13 14:01 | Report Abuse
no point to invest in this kind of boring counter without any regconized brands.