BURSAMASTER

COUNTERS ON THE MOVE : 6-NOV-15

Bursamaster Kelab
Publish date: Fri, 06 Nov 2015, 12:18 AM
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COUNTERS ON THE MOVE : 6-NOV-15

 

VS (6963)

VS has seen heavy collection yesterday at 1.58 with most selling well absorbed. This bullish movement has brought VS to its historical high of 1.59.

 

VS has announced on Wednesday that it has submitted to the authorities its proposed Bonus Issue of Warrants on the basis of one bonus warrant for every four existing shares held. It is expected the consent to be given in one to two weeks.

 

         

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)

 

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)


V.S. INDUSTRY BERHAD ("VSIB")PROPOSED BONUS ISSUE OF UP TO 290,765,213 FREE


WARRANTS IN VSIB ("BONUS WARRANTS") ON THE BASIS OF ONE (1) BONUS WARRANT FOR


EVERY FOUR (4) EXISTING ORDINARY SHARES OF RM0.20 EACH IN VSIB ("VSIB SHARES")


HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER ("PROPOSED


BONUS ISSUE OF WARRANTS")


You are advised to read the entire contents of the announcement or attachment

 

 

 

INARI (0166)

INARI : the recent upward movement has pushed the price to be quite far from the support level of 3.54.

Yesterday price action has pushed the price closer to its next resistance of 3.85. TP 4.10

Inari is expected to release its Qtr Results tentatively 20th November which is expected to be good.

 

Further, there are talks of listing of its subsidiary on the Philippines Stock Exchange.

 

 

SENDAI (5205)

An important development took place on 5 November 2015 where the price of SENDAI broke the resistance of 0.81. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.

 

 

EWEIN (7249)

EWEIN has demonstrated an impressive run up in late afternoon frenzied buying yesterday to close at the day’s high of 1.01;  past its critically important resistance of 1.00. This resistance breakout might chart an easier route for it to test its immediate resistance of 1.09 failing which the counter should drift back to its new support of 1.00 and subsequent support at 0.89.

 

It is envisaged that Ewein to secure several huge government construction projects anytime. If this happens; we should see Ewein climbimbing ti new highs with immediate TP at 1.20 & 1.40.

 

Its Qtr results is expected to be released on 20th November 2015. The surge in price should be due to good qtr result forthcoming or the award of the talk about contract.

 

 

YONGTAI (7066)

YONGTAI was able to demonstrate an impressive run up in recent days closing at 0.72. Year-to-date high is 1.26. Furthermore, the next resistance level is quite far at 0.81. Once this resistance is broken, we should see it moving upwards to test  the 1.26 high. During a one-week range Yongtai has added 15.2% gain

 

Qtr results expected on 22nd Nov 2015

 

 

TAS (5149)

TAS has been trading above its upward sloping 20-Day Moving Average . The support and resistance level of TAS are 0.77 and 0.83 respectively.

 

Short-term TP : 0.98

 

 

FGV (5222)

FGV has just broke the resistance of 1.94 reinforcing the bullishness in the recent price movement. This breakout was accompanied by a higher than average traded volume. However, The most critically major resistance breakout failed to follow through where its price touched a high of 2.01 briefly on Thursday before falling back to close at 1.97 which does not augurs well for the enthusiastic traders. In order for FGV to move ahead, it must breach the 2.00 level conclusively and most importantly, it must close today, as much further than 2.00. Failure to remain above 2.00 might see it drifting to its immediate support of 1.82 & 1.70

 

HAPPY TRADING

BURSAMASTER

 

 

 

 

Discussions
3 people like this. Showing 6 of 6 comments

huahtai98

Hi Bursamaster you missed a gem: Huat Lai. What a .....

2015-11-06 12:56

maelxpdc

you forgot MYEG..huhu

2015-11-06 17:02

arcadicus

HHGROUP

2015-11-06 21:19

cheeseburger

pensoni

2015-11-07 01:07

dusti

Yong tai is the one to watch

2015-11-07 20:24

goldenluck16

Kawan Food...go for it.!

2015-11-08 16:43

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