Yee Lee Corp Bhd (YEELEE) - Not Rated--------KENANGA 20//03//14 Yesterday, YEELEE rose 11 sen to close at RM1.57 on strong trading volume. Our consumer analyst believed that the market has deeply undervalued YEELEE, as the company has been trading at a surprisingly low historical PE of 7.8x. (Refer to On Our Radar report on 18/3/2014). From the technical point of view, the shortterm trend of YEELEE looks bullish, following a decisive breakout from its all-time high resistance level of RM1.46 yesterday. As suggested by the readings from daily MACD and RSI indicators, buying momentum of the stock is also gradually switching from neutral to bullish. All these signals have led us to believe that YEELEE could potentially extend its rally towards RM1.68 (R1) and RM1.80 (R2) fairly soon. On the flipside, a fall towards to previous resistance-turned-support level of RM1.46 should see some renewed buying interest to emerge. Outlook Bullish Key Resistance level RM1.68 (R1) RM1.80 (R2) RM2.00 (R3) Key Support level RM1.46 (S1) RM1.34 (S2) RM1.24 (S3) Strategy Not Rated Current Price RM1.57
see you at RM2.00 Yee Lee... but dont expect it to be so fast... probably by year end.. As usual, the Value Investors with patience should grab more reward.. But daily traders can feel free to sell before RM2.00
I think it will go further since the directors buy in aggressively at 1.60-1.62. I expect it will be remarkable quarterly result due to contribution from bottle water & seasonal factor-CNY.
Its not really being ambitious or greedy. If the price still below fair value, still consider cheap & have room to move up further. So RM2 is not impossible...
heheheee ... rosak hjey ... 1.80 break liau ... nanti offload lagi sikit ... bal will offloaf at 2.00 .. see u then : ) ... huat aarrrrrrrrrrrrrrrrrrrrrrrrr
@HJey, do you the distributor of other bottled water such as cactus and etc.? Just curious, hehe. Always good to know more, can associate daily things with investment is the easiest comprehensible investment I think.
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....
johnny cash
6,400 posts
Posted by johnny cash > 2014-03-21 07:30 | Report Abuse
Yee Lee Corp Bhd (YEELEE) - Not Rated--------KENANGA 20//03//14
Yesterday, YEELEE rose 11 sen to close at RM1.57 on strong trading volume. Our
consumer analyst believed that the market has deeply undervalued YEELEE, as
the company has been trading at a surprisingly low historical PE of 7.8x. (Refer to
On Our Radar report on 18/3/2014). From the technical point of view, the shortterm
trend of YEELEE looks bullish, following a decisive breakout from its all-time
high resistance level of RM1.46 yesterday. As suggested by the readings from
daily MACD and RSI indicators, buying momentum of the stock is also gradually
switching from neutral to bullish. All these signals have led us to believe that
YEELEE could potentially extend its rally towards RM1.68 (R1) and RM1.80 (R2)
fairly soon. On the flipside, a fall towards to previous resistance-turned-support
level of RM1.46 should see some renewed buying interest to emerge.
Outlook Bullish
Key Resistance level RM1.68 (R1) RM1.80 (R2) RM2.00 (R3)
Key Support level RM1.46 (S1) RM1.34 (S2) RM1.24 (S3)
Strategy Not Rated Current Price RM1.57