KIALIM (Not Rated). After breaking of the RM0.60 resistance level in Dec-2015, KIALIM commenced a strong rally with the share price reaching a high of RM0.985 barely a month later. The share price had since retraced 61.8% (Jan-2016), before hovering at the uptrend support between RM0.64-RM0.69. Yesterday, the share price rallied 4.5 sen (+6.7%) to close at RM0.715 on high trading volume. With the strong gains, the Stochastic indicator has hooked upwards into a bullish territory to reflect a pick-up in positive momentum. Hence, KIALIM is poised to resume its uptrend towards the RM0.80 (R1) immediate resistance. Should this level be taken out in a decisive manner, we would then expect a retest of the RM0.985 (R2) high. Support levels are pegged at RM0.64 (S1) and RM0.60 (S2).
KIALIM experienced a flag formation breakout with higher-than-average volumes. The MACD Indicator is recovering below the zero level, while the RSI has hooked above 50. Price target will be envisaged around the RM0.85-RM0.925 levels. Support will be located around the RM0.66 level. http://klse.i3investor.com/blogs/MplusOnline/91770.jsp
RHB : Kia Lim was testing the MYR0.725 level in its latest session after recovering above the 50-day MAV line. The stock may rebound further if it breaches this level in the near term, with a target price of MYR0.81. On the other hand, it may consolidate further if the MYR0.725 mark cannot be surpassed. Support may be found at MYR0.65, where traders can exit upon a breach.
MELACCA SECURITIES: KIALIM experienced a flag formation breakout with higher-than-average volumes. The MACD Indicator is recovering below the zero level, while the RSI has hooked above 50. Price target will be envisaged around the RM0.85-RM0.925 levels. Support will be located around the RM0.66 level.
Income tax comprises current tax payable and deferred tax. Given the increase in PPE, not surprised there's an element of deferred tax being charged to p&l.
KIA LIM BHD KIALIM (6211) 0.710 -0.040 (-5.33 %) High: 0.760 Low: 0.690 Vol: 1,720,100 Average Vol: 20,423
Industry: Industrial Products Company website Kia Lim, the largest clay brick manufacturer in Malaysia, was incorporated under the Companies Act, 1965 on 8 May 1995 as a public limited company listed on the Main Board of the Bursa Malaysia Securities Berhad. Their subsidiary companies are principally involved in the manufacturing of clay common bricks, facing bricks, block bricks, M211 bricks, brick tiles, chamfered paving bricks, and H-shape pavers, as well as roofing tiles. They have always maintained long term relationships with their clients for over ten years or more. Their markets range from the whole of Malaysia to Singapore, Taiwan, Hong Kong, Japan and the Middle East
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....
babypost
207 posts
Posted by babypost > 2016-02-18 09:59 | Report Abuse
this counter a little slow.....