Posted by inwest88 > 2014-06-27 09:25 | Report Abuse

Looks like the momentum of Ijacobs is still strong !

Posted by marmaladeboy > 2014-06-27 09:36 | Report Abuse

Dear TCB,
Need your advise about KTB.i buy some unit at 0.32.Should i cut loss?...The resistance at 0.30 or what.

Posted by sandho9 > 2014-06-27 10:44 | Report Abuse

Hi TCB,
Kindly read TADMAX. Thnks!

Posted by profitman > 2014-06-27 10:44 | Report Abuse

marmaladeboy - KTB:

The support levels are at 0.295 and 0.285. It is currently undergoing consolidation. Trading decisions like cutting losses will have to be made by you. As you may be aware, we are not in a position to provide such advices and as such, we do not give advices on trades. We just share TA information. You will need to assess it based on your risk profile.

Posted by marmaladeboy > 2014-06-27 10:49 | Report Abuse

Thank you for your advice PROFITMAN. Really appreciate your advice.

Posted by hareshl2003 > 2014-06-27 10:57 | Report Abuse

invest thanks alot

Posted by cherry tomato > 2014-06-27 11:02 | Report Abuse

yoda88 thnks for SCable. Can please guide on THHeavy. Thank again.

Posted by Tiong Yong Soon > 2014-06-27 11:03 | Report Abuse

dear TCB, any comment on ICON? bought it on the listing date but it keep on dropping..

Posted by SEPHIROTH168 > 2014-06-27 11:07 | Report Abuse

Dear TCB,any comments on KGB? It has recently got a bonus issue on warrant n share as well.Furthermore, they are distributing dividends next month too.

Posted by Carlsraj55 > 2014-06-27 11:35 | Report Abuse

Dear TCB,
Despite a lot of good news, IRIS does not seem to move up. Wondering why it is so, is there something I am missing ? Do you think it is wise to cut loss ? My current average price is 0.505. Appreciate your feedback.

Posted by Columbo > 2014-06-27 11:35 | Report Abuse

@Sephiroth: Nice username, FF fan I see.

Not a Technical opinion, but I pulled up their financial reports for you. It looks like they are injecting a bit more capital into their organization, and also added more to their reserve holdings.

They've decreased their long-term loans, and increased their short-term ones. Their property, plant and asset value has decreased slightly, but their goodwill has seen a healthy boost. This tells us that the auditor saw it fit enough to upvalue the branding of the company. In addition they've cut their asset development costs almost by half in that time.

What may be concerning is that, although the company itself has seen an increase in revenue in the last 2 years, the actual group saw a pretty drastic drop in profits after tax last year. A big hit in Financial costs in 2013 is the result of this (2012: 209,000 ; 2013: 762,000). Financial costs itself is quite vague, but it's usually related to borrowing arrangements.

There's nothing really worrying here from a report perspective. It looks like they've managed to actually reduce some of their operation overheads. Though I am not sure why they were hit with such a drastic spike in Finance Costs last year, which affected the group's earnings.

Cheers

Posted by profitman > 2014-06-27 12:19 | Report Abuse

hareshl2003 - welcome. My team mates will get back to you on Ijacob with the TA.

inwest88 - as always, thanks for your useful input. Appreciate it.

Posted by inwest88 > 2014-06-27 12:21 | Report Abuse

tested some Sunzen

Posted by yoda88 > 2014-06-27 12:29 | Report Abuse

cherry tomato-Thheavy

Technically its very bearish at the moment,trading below 200MA. I'm not sure if there's any bad news which cause this stk retrace. If you intend to go bottom fishing do check out news too.Strong support can be seen at 0.84 level and if broken the following support will be 0.81.A stop loss if 0.81 is triggered.Today on an hourly chart some buying can be seen around 0.85level and if this momentum picks up accompany with volume than the resistance can be found at 0.865;0.88 and 0.895 levels.Watch for a technically rebound if you watching this stk.
Happy trading.

Posted by pathew > 2014-06-27 12:30 | Report Abuse

skpres doing pretty well lately, inwest88, still got more upside you think?

how about eforce ?

Posted by lottolearn > 2014-06-27 12:32 | Report Abuse

Dear TCB

Can read Melati and Skpetro?

Thanks again.

Posted by profitman > 2014-06-27 12:33 | Report Abuse

Tiong Yong Soon - Icon:

As the stock is newly listed, there can be no meaningful reading of its TA. However, various factors could be in play and we can only speculate about it. For starters, successful IPO applicants would be liquidating upon listing and probably investors may not agree with its valuation against the current market price. There are various fair value valuations out there ranging from 2.01 to 2.10. So, the potential up side from the current market price and listing price may not be attractive to them. But usually, it takes sometime for a newly listed stock to stabilize before we can see some form of trend.

Posted by tsy88 > 2014-06-27 13:01 | Report Abuse

Inwest88 - Didnt buy Mmode nor Weida. Bought Yinson instead.I like Skpres and Ijacob. Eg unable to breach 85. Maybe possible on Monday on window dressing activities. Some stocks move up so fast its virtually difficult to catch.Premier another laggard moving today but afraid may be one-day show! Am monitoring Scib. It spikes again force selling.

Posted by pathew > 2014-06-27 13:04 | Report Abuse

MMODE I sold on Wednesday and regretted it because I thought it wasn't moving (or rather slow). Then it shot up yesterday... really got on my nerves!

Posted by sandho9 > 2014-06-27 13:21 | Report Abuse

Got some info about TADMAX from Bonescythe's blog. http://klse.i3investor.com/blogs/bonescythe/54986.jsp

Posted by profitman > 2014-06-27 14:15 | Report Abuse

Columbo - welcome and thanks for sharing the information on KGB. Appreciate it. Just to add on, from a quick glance at their financial statement, the company has a negative cash flow from operations for 2 years running.

Posted by yoda88 > 2014-06-27 14:27 | Report Abuse

sandho9-Tadmax
Hi sandho9, I think you got the wrong blog posted here, this is the coverage of Prestar if not mistaken.Btw Tadmax is still in the bullish region,trading above 100MA and reading frm the blog posted by bonescythe a good target been given-short term 0.55 and 0.65 for mid to long term.Indeed is a good coverage by Bonescythe. If 0.52 is broken with volume it might scale to a resistance of 0.55;0.58 and 0.60.
Supports level are seen at 0.495; 0.485.
A stop loss if 0.475 is violated

Posted by sandho9 > 2014-06-27 14:38 | Report Abuse

Many thanks yoda88!

Posted by Columbo > 2014-06-27 14:51 | Report Abuse

@Profitman: Great to be here, thank you for the welcome. You guys do a tremendous job here for the trading community. Yes, I actually missed out on the cash flow statement. Thank you for pointing that out. Liquidity is often overlooked, and it certainly shouldn't be.

@Carlsraj55: The problem with good news with big companies is that these organizations have their own PR systems that release periodic press releases. A lot of these press releases are just sucked up by an automated new aggregation system. For a better picture, I recommend asking the TCB guys here first about the charts. Also, check their statements - ignore the colourful front parts where it's all rosy, go to the back pages with all the legal hoopla and numbers. They are legally bound to report the less favourable things to shareholders.

Posted by Carlsraj55 > 2014-06-27 14:55 | Report Abuse

Thanks Columbo for your reply.

Posted by inwest88 > 2014-06-27 14:56 | Report Abuse

pathew - sorry was out just now. Skpres at this moment still looks okay but normally I do not chase after prices have gone up (and I do not use TA for reference). As for Eforce the sellers are out.

Posted by inwest88 > 2014-06-27 14:58 | Report Abuse

tsy88 - noted your comments. Good luck on Yinson !

Posted by profitman > 2014-06-27 15:18 | Report Abuse

columbo - thank you for the kind words. We try our best. You are absolutely right that some financial statements paint a very rosy overall picture and we really need to go fine comb it to detect those unfavorable stuff. Please feel free to share any information here. We look forward to your postings.

Posted by profitman > 2014-06-27 15:19 | Report Abuse

Carlsraj55 - please allow us sometime to do the TA for KGB.

Posted by Columbo > 2014-06-27 15:22 | Report Abuse

@Carlsraj55: No problems, let me go a step further and give you a summary of IRIS from their latest statements.

Their inventories levels have nearly doubled over the past 3 years, could be due to the 70m they invested into their infrastructure, could signify a drop in expected sales, or it could be that they are stockpiling it to fulfill an expected major order. In addition to this, the amount that their contract customers owe them has nearly tripled. These are however, listed as current assets on the statement. I can only assume that these payables are done on certain terms (30D/60D), so it's not entirely readily available cash.

Speaking of their cash situation, IRIS has about 47% less of it in their bank compared with their 2012 levels. As for their debt structure, they've almost doubled their short-term borrowings. Their revenue has actually increased, but their operating expenses has increased fivefold. Which is a dramatic increase that immediately effected their profit after tax to 5.8m. Their profit after tax for the 2012 period was 73m. You can see where the concern is originating from.

Their cashflow statement says it all, their last reported levels was a -119m loss. The main culprits? I mentioned earlier that their inventory levels were doubled, well this doubling is also reflected as a cash outflow in the statement. But by far, the biggest culprit for their cash out-flow is their heavy investment into subsidiaries (related to the expansion of their infrastructure).

Cheers.

Posted by pathew > 2014-06-27 15:31 | Report Abuse

look see NAIM, CMSB....

Posted by profitman > 2014-06-27 16:06 | Report Abuse

pathew - thanks for the alert on Naim and Cmsb. The former a jump and the latter a drastic drop.

Posted by inwest88 > 2014-06-27 16:29 | Report Abuse

tsy88 - just my opinion SCIB. Slighty overbought and selling has emerged.

Posted by inwest88 > 2014-06-27 16:31 | Report Abuse

tsy88 - I am ready to sell EG !

Posted by inwest88 > 2014-06-27 16:35 | Report Abuse

tsy88 - cleared EG at 86.5 / 87

Posted by tsy88 > 2014-06-27 17:35 | Report Abuse

Inwest88 - congrats. Me too. Cleared all at 88.5. But bought back at 85 thinking it will hit 90 next week. Scib noted. Did you buy Mmode? Sunzen looks nice.

Posted by tsy88 > 2014-06-27 17:36 | Report Abuse

Inwest88 - Cleared at 86.5.

Posted by profitman > 2014-06-27 17:37 | Report Abuse

inwest88 & tsy88 - congrats on your EG.

Posted by tsy88 > 2014-06-27 17:41 | Report Abuse

Inwest88 - Re Yinson. Good closing. Should go above on Monday or even try to hit 3.00 on window dressing.

Posted by tsy88 > 2014-06-27 17:44 | Report Abuse

Inwest88 - Have you cleared Ijacob all? I cleared Lbalum at 72 today. Lost half cent.

Posted by tsy88 > 2014-06-27 17:50 | Report Abuse

Profitman - Thanks. You still rememmber! But I bought back Eg at 85. Has chance to go above 90. You mentioned 93 in your reply.

Posted by inwest88 > 2014-06-27 17:52 | Report Abuse

tsy88 - still keeping Ijacobs 40%. Didn't enter Weida and Mamode but went into Sunzen and OCN cash

Posted by inwest88 > 2014-06-27 17:53 | Report Abuse

profitman - thanks. Need to sell EG as I moved into Sunzen at 27 sen and OCN Cash at 31.5 sen. Trying not to hold to many stocks as possible.

Posted by tsy88 > 2014-06-27 18:05 | Report Abuse

Inwest88 and Profitman - Thanks on Eg. Bought this stock only after you had bought. Followed you day after. Profitman - felt very confident after you commented it is very bullish.

Posted by bonus > 2014-06-27 20:35 | Report Abuse

Dear TCB,
Can share about Jag?
Thanks.

Posted by ProfitMan > 2014-06-28 10:13 | Report Abuse

Columbo - thanks for sharing info on Iris. You practically dissected their financial statement. Thanks.

Posted by Lz Lee Weiping > 2014-06-28 10:19 | Report Abuse

hareshl2003 - IJACOBS

Currently bullish. Immediate support level of 0.415 and another support level of 0.39 and 0.35. Resistance level of 0.44. If it broke the resistance of 0.44 with volume it will go to an uncharted region. TP 0.495 and 0.53. Stop-loss/trailing-stop at 0.3.

Posted by ProfitMan > 2014-06-28 10:45 | Report Abuse

tsy88 - ...hahaha.... glad you felt confident that EG is bullish. However, kindly note that TA is only a guide and the same goes with target prices. TA tells a story of what happened to the stock BUT it does not predict the movement of the stock. But it does assist us in making an intelligent guess as to what might happen. At the end of the day, we are still at the mercy of the market which as I have always reiterated, is unpredictable. Target prices are based on calculations and projections and are just guidelines as well. Many times I find that I do not end up selling at the target prices.

When the share is trending up, do remember to set a trailing stop to protect your profits in case the stock does not progress as what we expected.

Posted by novice8 > 2014-06-28 10:55 | Report Abuse

Morning Profitman and everyone here!!
Dear TCB, can I know what do you think of MUDA pls?? Tq!!

Posted by Bravo > 2014-06-28 11:01 | Report Abuse

Dear TCB,

How is NTPM and AEON chart? =)