Not when they have already achieve 64% of annual target. Unlikely to 1.60 unless global issue come one after another. If so, this will not be the only counter affected then.
Grandma too bought above 2 before the jitter of emerging market pull out. Grandma has since avg down again at 1.91. It will be tough next week because of market forces vs local sentiment for KLCI.
Having said that the plus point is what Grandma said earlier on NBIM and the only seller so far from Institutional perspective is RHB Investment and its local fund.
Grandma would conclude that most believe Kimlun will achieve target with the already 64% annual target reached.
Grandma has been looking to baseline Kimlun. So for those asking the question whether it is still good, use Kimlun RSI 25 as baseline. Start monitoring whether it goes pass the 30 and 40 etc. When it does that in inclination, the interest is there whether the price goes up or stagnant is a different matter. When a price start running up, this is a mix of momentum from speculator together with earlier investors. To further monitor this, look at the following day, if the price drops chances are its momentum buying from speculator who may not know what is happening but bought the previous day due to large volume or price run or rumor.
Now leading to the end of the month, start monitoring the behavior of Kimlun. It already did 3 runs of recent and have taken a longer break with its results due next week. When an investor like RHB pull out, sometime what it means is their trading buy (3mths above) or buy (12 mths above) or target price has been reached or they may have felt bearish sentiment and invested on a new stock with more inclination.
In Grandma's opinion as earlier in that sequence below. Grandma still believe to be correct and anticipated this week will be tough as in the comment. The KLCI failed to lift to the nearest at that point 1735 though it tried many initiative to move pass 1719. When this is seen, its normally likely to drop. Now it has drop below the 1710. Grandma has sold some yesterday in believe of what was posted since it did not suggest the ability to rebound further in yesterday's first half. To give yourself direction, have a look at the consistency of Kimlun Revenue and Nett over the 5 years. It has been delivered with consistency though the margin is not as high.
Grandma too bought above 2 before the jitter of emerging market pull out. Grandma has since avg down again at 1.91. It will be tough next week because of market forces vs local sentiment for KLCI.
Having said that the plus point is what Grandma said earlier on NBIM and the only seller so far from Institutional perspective is RHB Investment and its local fund.
Grandma would conclude that most believe Kimlun will achieve target with the already 64% annual target reached.
Not when they have already achieve 64% of annual target. Unlikely to 1.60 unless global issue come one after another. If so, this will not be the only counter affected then.
Stock: [KIMLUN]: KIMLUN CORPORATION BERHAD Aug 22, 2013 11:59 AM | Report Abuse
As long as KLCI below the 174x and noninitiative from. 1719 to rise, the shares will be going down south. The initiative has got to be solid and passing at least 1735 to be convincing. Grandma can rest until 3.30 at this rate of action
Grandma thank you very much for using yr precious time to share, gving valuable advice n presenting details info for KIMLUN. God bless & wish u best of luck.
The two combo that grandma does not like to see. The low volume and declining RSI . Those looking at this should be cautious now because pick up of the steam may be slow.
Low volume inclination could mean one of 2 things. self buy or someone knows results. If its the latter, it is not guaranteed to sustain. If self buy, sometimes (apart from treasury buy) is to preserve the value of the stock . A good management does not only think of FA but the support of their share price is also of importance. We know good FA does not always translate to good valuation in the market share price perception.
Avgly Kimlun performs at 5.3% on Net Profit. They are one of those company that perform every quarter to meet the years target as oppose to some who finish strongly at the end of the year. Again this is industry challenges. However this round they are seeing one quarter dip. If such is is the case they need more convincing project % and numbers as they have to finish strong for next half and especially next quarter. As is they have a healthy order book of between RM1.2 to 1.5,, this is suprising for Grandma. If next quarter fails again, they will have a challenge in their hands. No 2 ways, top and bottom must be consistent since 5% is not a lot of room to play with.
For those continuing, Kimlun like many construction is heavy on the ppl and raw skill commodity. While Grandma views Kimlun as very discipline counter base on its steady revenue and net profit over the 5 years, Kimlun must ensure or at very least predict the outcome of contracts won with more precision on the deployment as it may cause exhaustion in moving assets and ppl during execution and be dependent on fix set of ppl for the next project in fear of the looming challenges for more investment.
30/08/2013 1.80 1.76 -0.04 (2.22%) HOLD HLG Results 1HFY13 earnings fell by 37% to RM16.0m (6.65 sen/share), missing estimates by making up 30% of ours and consensus’ estimates. Deviations Due to weaker than expected construction contribution and higher overall expenses. Risks Execution risk; Regulatory and political risk (both local and abroad); Rising raw material prices; and Unexpected downturn in the construction and property cycle. Forecasts FY13-15 earnings slashed by 19.2%, 11.2% and 6.3% respectively to account for weaker construction contribution and higher expenses. Valuation TP reduced by 19.3% to RM1.76 from RM2.18 based on unchanged 10x FY13 earnings.
Source: Hong Leong Investment Bank Research - 30 Aug 2013
Low volume with rising price indicates that the price will be losing steam. The price is not sustainable becos investors r not willing to pay for the rising price. That's my personal opinion.
Hmmm...one hold waiting to digest and another buy due firmer ground...so a draw....lol. Just matter of getting more projects and making big money for this company. As S'pore had highlighted some of their big projects, Kimlun should be able to get some from there. Wait....wait...wait and boom!
Yesterday's volume quite high. If HEAVY VOLUME WITH RISING PRICE occurs, this is a healthy sign in the mkt. it tells us that there r a lot of trading activities going on & buyers r outnumbering sellers.
When volume is heavier than yesterday's volume, accompanied by a price increase of at least of 1%, it may be signaling a trend reversal fr bearish to bullish soon.
PETALING JAYA: Approval for the Mass Rapid Transit (MRT) Line 2 project is expected to be out by the end of this year, subject to government approval, said MRT Corp chief executive officer Datuk Azhar Abdul Hamid.
The MRT Line 2 or Sungai Buloh-Serdang-Putrajaya Line MRT SBS is the Mass Rapid Transit line for the Klang Valley MRT to Port Klang, and it is now planned to be from Sungai Buloh, Selayang to Pandan, instead of from Kuala Lumpur to Port Klang.
"The Land Public Transport Commission (Spad) has carried out a study on Line 2 to finalise the alignment and they have submitted it to the government.
"So I suppose when the time comes, they will disclose it to the public," he told Bernama, adding that the alignment is agreed by consensus.
Line 1 is mostly elevated except for a 9.5 km underground portion running through the city centre from Semantan on Jalan Duta to Maluri in Cheras.
"It is very important that the MRT project continues because it will certainly benefit the public as well as ensure that Kuala Lumpur is free from congestion," he said.
It was reported earlier that Spad is also carrying out a study on Line 3 to finalise the alignment.
However, it has not been decided whether Line 2 and Line 3 will be implemented simultaneously or one after the other.-- Bernama
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....
yfchong
5,883 posts
Posted by yfchong > 2013-08-23 16:35 | Report Abuse
Will this counter goes back to the 160 level ??.