Suria will have a better uptrend potential. Its share price has been consolidating for the last few months and is expected to continue its uptrend soon. It has the lowest PE amongst all the listed port operators and with the new income from the JQ for the next few years, it is very attractive at the current price level.
It seems like Suria has broken up from the 6 months consolidation. It will continue its upward move during the next few weeks to reach the target price 3.90
Sabah Ports Sdn Bhd (Sabah Ports) had signed a Memorandum of Understanding (MOU) with Sipitang Oil and Gas Development Corporation Sdn (SOGIP). Under the MOU, SOGDC is to appoint Sabah Ports to exclusively manage the Jetty and all affairs and matters in connection to the Jetty. The first operation tenant at SOGIP is SAMUR (PETRONAS Chemicals Fertiliser Sabah Sdn Bhd) , which would produce 1.2 million tonnes per annum of granulated urea... SAMUR will start operation either end 2014 or early 2015... New source of income for Suria from end 2014 or 2015.. Finally, Suria started to benefit from Oil and gas sector at Sabah and more to come... . http://www.bursamalaysia.com/market/listed-companies/company-announcements/1663761
Suria Capital Holdings (SURIA MK) Technical BUY with +11.9% potential return Last price : RM2.91 Target Price : RM3.00, RM3.25 Support : RM2.81 Stop-loss: RM2.79 BUY with a target price of RM3.25 with stop loss at below RM2.79. Share price has broken above the strong resistance level of RM2.76 on 5 Jun 14 and made a new high at RM2.96. But subsequent profit taking has sent the stock to consolidate within RM2.81-2.91 in the past three weeks. The emergence of fresh buying in the last four days indicates the earlier selling pressure has eased. As such, given yesterday’s bullish reversal “”engulfing” pattern on the back of a higher trading volume of 0.83m shares (vs 20-day average of 0.3m), we expect a swift recovery from here onwards. A breach of the immediate resistance of RM2.96 would like spur further buying interest and potentially catapult the stock higher. We peg our short- to medium-term target price at 1.61x Fibonacci extension level of RM3.25. Timeframe: 3-days to 1 months.
some thing not right good all aspects value rev prof projects locations yet prices go south.where is their investment relation dept doing?sleeping allowing share prices to slide to 60% of it nta value.with all the goody news significant investors r not buying.do the significant actions.get help.
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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....
Investeye
2,347 posts
Posted by Investeye > 2014-05-14 23:18 | Report Abuse
Accumulate few lots at rm2.51!