Besides vendoring bricks to dometic markets,Kialim also export bricks to Singapore & Indonesia.Presently the price of a single piece of brick is RM0.40.
Just noticed and checked this counter, More than 50% of shareholding control by themselves... Only see better profit and results for recent 4 quarter only~ need more time to observe....
Athough MIDF stakes is below 5%,but they still have 3000 big lots in hand waiting to dispose .. Why chase high to give them opportunity to sell at high level ??
Kia Lim (KIA MK) Technical BUY with +29.0% potential return Last price : RM0.520 (RM0.480~RM0.520) Target Price: RM0.600, RM0.645 Support : RM0.470 Stop-loss: RM0.455 BUY with a target price of RM0.645 with stop loss placed below RM0.455. KIA’s share price has retraced from the recent high of RM0.530 and consolidated within RM0.420-0.470 in the last 4 weeks. However, yesterday’s strong surge beyond RM0.470 on a higher trading volume of 0.62m shares (vs 20-day average of 0.15m) indicates a genuine breakout. Given the share price’s steady ascent above both 10- day and 21-day SMA lines along with a bullish crossover in MACD, we envisage a further share price rise. Surging momentum as flashed by an uptick RSI should lift the share price higher, thus we peg our upside target at the 1.61x Fibonacci extension target of RM0.645. Conservative investors may lower overall risk by accumulating lower on expectations of profit-taking activity.
cpng,dont bluff investors lah,you probably from the Ng Family,70% of shares are in the hands of the Ng family...friends,dont fall into the trap of cpng.
Why I like Kialim... Because they are the biggest bricks maker in country. Moreover the southern part of Johor as Iskandar zone property boom. Construction activities heat up...creat more demand for bricks. All the properties counters earning hits history high.. With the exit of MIDF..Ng family wil going to recognized more revenue and profit under the listed company...
Remember OKA..this company is located northern part..in Perak. They are selling pre-cast concrete products and ready-mixed concrete. OKA was a small family company trading btw 0.60+ range with low PER and NTA but after the market players relook into their business.Their share price rocket up to $1.80+.
2014 1st Q results should be very impressive. High demand of construction material plus lower dept ratio. This company going to revalue higer by the market.
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....
Johorean
1 posts
Posted by Johorean > 2012-06-02 20:38 | Report Abuse
Besides vendoring bricks to dometic markets,Kialim also export bricks to Singapore & Indonesia.Presently the price of a single piece of brick is RM0.40.