Technical BUY with +22.5% potential return Last price : RM0.575 (RM0.535 ~ RM0.575) Target Price : RM0.640, RM0.680 Support : RM0.515 Stop-loss: RM0.510 BUY with a target price of RM0.680 with a stop loss below RM0.510. KPS’s share price has made a series of higher lows since 11 Feb 14 but fails to remove the barrier at RM0.560 despite two attempts. However, renewed buying interest as shown by a much higher trading volume of 7.4m shares (vs 20-day average of 1.7m) helped push the share price into new territory yesterday. Given the bullish crossover in both MACD and Stochastic, we envisage a continuation of the previous upward movement hereafter and thus peg our upside target at RM0.680, which is equivalent to the 1.61x Fibonacci extension level. Conservative investors may opt to accumulate lower within the RM0.535-0.575 region on expectation of profit-taking that seeks to reduce overall risk.
So you finally unearthed some important facts. Directors knew this secret all along. That is the reason why they sapu and sapu KPSCB shares like nobody business since everybody is ignorant.
When they revalue or sell the assets the Shares of KPSCB will fly someday.
ya, and it is abnormal the directors keep on buying. Then seems like he know someone might have notice, so he choose to slow down a bit. From what I see, he did not share buy back only recently, something important might be brewing, but he want to pick up slowly so not to move the price too fast. From its current shareholding structure, maybe not privatisation, but probably want to sell some factory or land which has longtime did not revalued. Now looking at current property market crazy, he want to sell? Then it will shot up its cash holdings very fast and market will notice it! So now he quietly accumulating without much people notice.
i look at recent buying momentum, normally buy in Monday, Tuesday, then quiet in Wednes-Friday...maybe good time to accumulate some only in Wed onward when things cool down
Aiyo.........director dun buy.......hard to move lor......a lot undervalue company oso like that one lor........ding dong one........aiya........hope he continue the purchase lor.........ha ha ha
just finish my study on the shareholder. he consistently buy 20k every few days, but since feb14 he start buying ard 200k and surprisingly price did not move much. look at vol, someone else collecting quietly also... maybe really something. my target price rm1.3
Aiyo .........so fast TP so high liao........then have to wait it cross 60cts first mah......then 70cts....and so on lor.........if he didnt buy at higher price thn 53cts..........means......he is not going to pay high price to gain control of the company..........he also got luxury of tiime to do it mah........he can just just dun make dividend payment only.........then .........investors will not interested on this type of ctr...........BURSA got a lot of this type of ctrs..........unless shark is playing this ctr.........just wait his movement lor........hope he cannot tahan liao........then good lor..........ha ha ha
Aiyo .........look like he also queue at 52.5 if not wrong lor..........ini macam........soon he will report buying shares again........if confirm again buying..........then he is only keen to buy max at this price only.........lets wait and see lor.............ha ha ha
Aiyo......another week gone liao....he still no action leh......aiya like that.....need to abandon this ship liao lor.......then he will start to buy when all abandon this ship..........ha ha ha
Aiyo.....today closing....like purposely push up one leh.....dunno want create good looking chart or what leh......aiya....still no news he is buying again.....ha ha ha
Aiyo .......director still not reporting new purchase for almost a month oredy........but price still can go up........like that good lor........he got no chance to buy at low price liao lor......then who is supporting the price leh..........traders....... or....... investors.........if investors then good lor......else bad lor.......anytime can cabut one.......ha ha ha
this is good news indeed ! :) I bought 0.585 which is higher half cent than the director;s price, should be no worry on this, hope the resistance at 0.59 will be broken in these few days, then the sky is the limit :) Happy trading!!
Aiyo ...finally the director beh tahan liao....have to support the price and pay higher price to continue his accumulation........like that good lor.....hope he continue his purchases to show his sincerity lor.............ha ha ha
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 > 2014-03-27 18:20 | Report Abuse
KPS Consortium (KPS MK)--------------------------dated 27/03/14
Technical BUY with +22.5% potential return
Last price : RM0.575 (RM0.535 ~ RM0.575)
Target Price : RM0.640, RM0.680
Support : RM0.515
Stop-loss: RM0.510
BUY with a target price of RM0.680 with a stop
loss below RM0.510. KPS’s share price has
made a series of higher lows since 11 Feb 14
but fails to remove the barrier at RM0.560
despite two attempts. However, renewed
buying interest as shown by a much higher
trading volume of 7.4m shares (vs 20-day
average of 1.7m) helped push the share price
into new territory yesterday. Given the bullish
crossover in both MACD and Stochastic, we
envisage a continuation of the previous upward
movement hereafter and thus peg our upside
target at RM0.680, which is equivalent to the
1.61x Fibonacci extension level. Conservative
investors may opt to accumulate lower within
the RM0.535-0.575 region on expectation of
profit-taking that seeks to reduce overall risk.