BUY Call:-
* TPC Plus (RM0.325) – This uptrend still has leg.
* CBS Technology (RM0.55) – Wait for confirmation before joining the bandwagon.
* MMC Corporation (RM2.44) – Rebound likely to take place soon.
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TPC Plus (RM0.325) – BUY
FY10P/E: N/A, P/BV: 0.8x

• After hitting a low of RM0.175 on 30th Nov, TPC bounced back strongly to inch above its key SMAs. Looking at the daily chart, we think this uptrend still has leg. Once the 30-day SMA moves above the 50-day SMA, expect follow through buying to accelerate.
• Technical indicators remained conducive but the overbought RSI suggests that the stock could consolidate in the short-term before bouncing towards RM0.355 and RM0.40 next.
• Risk takers may start to nibble now but put a stop at RM0.30. Liquidity is a key issue here. If volume dries up, then the RM0.305 support looks vulnerable.

TPC Plus is an investment holding company. The company, through its subsidiaries, provides poultry farming, manufactures animal feed, and cultivates fruits.
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CBS Technology (RM0.55) – BUY
FY10P/E: 6.5x, P/BV: 2.2x

• CBS has broken out of its triangle resistance. Although this is a bullish sign, the broker needs confirmation to conclude that a stronger rebound is underway. Another white candle would give the bulls an edge over the bears.
• The breakout should lift the stock towards the RM0.59-RM0.615 resistance zone in the near-term, while further run-up would push the stock towards RM0.65 next. However, always place a stop at RM0.50 to prevent bull traps.
• Technical indicators are progressing well. MACD has cut into the positive territory while its RSI is also rising towards the upper band of the neutral zone.

CBS Technology is an investment holding company. The company, through its subsidiaries, provides specialized system integration solutions as well as sells, distributes, and develops software solutions.
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MMC Corporation (RM2.44) – BUY
FY10P/E: 12.3x, P/BV: 1.2x

• MMC has been consolidating in a triangle formation over the past few months. As triangle is seen as a continuation pattern, we think there is a high probability that it might resume its earlier uptrend.
• The candles are now sitting above the 30-day SMA (at RM2.41). Coincidently, it is also close to the RM2.36 support trend line. As long as prices hold steady above these levels, the bulls seems to have an upper hand.
• Once the RM2.54 resistance channel is taken out, MMC is poised to test the Oct high’s of RM2.67 and possibly even RM2.77 next. On the flip side, a break below RM2.36 would indicate that the uptrend is over.

MMC Corporation is an investment holding company. The company, through its subsidiaries and associated company, operates a container port, provides power generation, distributes natural gas, and provides engineering and construction services.