Hua Yang (HYB MK) Technical BUY with +13.4% potential return Last price : RM2.32 Target Price : RM2.250, RM2.63 Support : RM2.16 Stop-loss: RM2.15 BUY with a target price of RM2.63 with stoploss below RM2.15. HYB’s share price surged past the long-term downtrend channel on 12 Jun 14 before continuing to climb higher. As HYB has established a new support at RM2.16, the share price has jumped higher and made a breakout from the classic 1,2,3 formation last Monday. The surge was accompanied by a higher trading volume of 1.2m shares (vs 20-day average of 0.7m) and thus can be considered a genuine breakout. Given the bullish crossover in both MACD and Stochastic, we opine that the strong momentum should be able to push the share price higher in the near term. We peg the upside at the immediate high of RM2.50 which, if breached, may continue rising toward the 1.61x Fibonacci extension level of RM2.63 over the medium term. Timeframe: 2 weeks to 2 months
sabar lah...bro Kent... refresh ur bursa screen again around 6pm lah... m expecting div, bonus issue, gd fin results from the unbilled sales from previous qtr...hehe
For the quarter under review,the Group achieved profit after tax of RM23.94million, representing an increase of RM11.62million (94%) as compared to the preceding year's corresponding quarter.
Revenue achieved for the quarter under review of RM136.47million was 70% higher than the preceding year corresponding quarter.
Total unbilled sales at the end of the quarter under review stood at RM756.38 million
The Group's earnings per share for the period ended 30 June 2014 was 9.07 sen
Yes! My 1st and 2nd batches of Huayang were bought on 14Feb13 and 26May14 respectively. As at today, both have delivered handsome return at 105% and 24.4% respectively after deducting out the trading commission. Thank you the management team of Huayang and all supporters in this forum.
dragonfruits : You are absolutely right in term of return on investment between HuaYang and MahSing.
Even though I have had handsome return from Huayang, it is a bit unfortunate that my biggest investment is with turtle Mahsing. How wonderful would be if share price of Mahsing can perform as good as HuaYang. I am still waiting for Mahsing to Huat me.
@ rises99 : Many speculators were speculating its announcement on bonus share issue. So, now the speculators are leaving the party when no announcement on bonus share, leaving us the investors behind XD
no Bonus is better else the shares will be diluted, without bonus and taking its historical PE of 8 on its FY2015 earning the TP should be around 2.80.
If have Bonus then will have some speculative push up on price, in theory you dont get any thing in Bonus, but in actual situation after announce bonus price will go up... but 6 month after bonus price will correct.
I threw away almost all my mah sing to buy hua yang. Had enjoyed Hua yang's dividend, bonus and rights (subscribe and you make money). Be prudent always about macro and world issues, you will be ok. Sad to throw Mah Sing because it treats me well but I feel its rate of growth might slow down.
Friday, durian runtuh day. More selling ahead on huayang after a long rise & topping oversold region of RSI, look at EU & US stock tumbling due to MH17 news. KLCI will face the same fate!
If based on analysis by BIMB, TP is RM1.79. From closing at RM2.36 to TP RM1.79, you will lose 24%. Sell ???
If based on analysis by TA, TP is RM3.05. From closing at RM2.36 to TP RM3.05, you will gain 29%. BUY !!!!
Which one is to follow ? You need to decide based on your own experience, understanding on the macro environment, the industry, the management, the profitabilty, the risk assessment, your own appetite etc.
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Posted by superman11 > 2014-07-14 09:59 | Report Abuse
today raising again....................