Kenanga Research & Investment
Highlights / Stock Picks of the Day - Delloyd Ventures Bhd (DELLOYD) – Not Rated
Yesterday, DELLOYD rose 20 sen (+5.93%) to RM3.57 after investors turned bullish on the company’s fundamentals. Traders believe that the company is undervalued, based on the company’s strong balance sheet and the rising CPO prices outlook. From the technical point of view, DELLOYD has confirmed a breakout from the “Symmetrical Triangle” chart pattern, and we see this as a major bullish reversal signal. Strong trading volume coupled with the positive outlook from the key momentum indicators led us to believe that follow-through buying is likely to emerge over the next few trading days. From here, we expect the stock to retest its previous high level of RM4.00 (R2). A subsequent breakout should see the stock rallying towards the “Symmetrical Triangle” measurement objective at RM4.10 (R3).
Source: Kenanga
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
Market Buzz
More articles on Kenanga Research & Investment
Genting Plantations - Foray Into Property Development in Jakarta
Created by kiasutrader | Jul 22, 2024
Malaysia 2Q24 Advance GDP - GDP Grew by 5.8%, Surpassing Market Expectations
Created by kiasutrader | Jul 22, 2024
WeeklyTechnical Highlights – Dow Jones Industrial Average (DJIA)
Created by kiasutrader | Jul 22, 2024
Discussions
Be the first to like this. Showing 2 of 2 comments
Icon. The operation results from plantation operation in Indonesia is fully consolidated in P/L. Profit portion of non controlled subsidiary was excluded separately under Profit /(loss) Attributed to: Non-controlling Interest
2014-04-04 12:35
Post a Comment
Featured Posts
Latest Videos
Apps
Top Articles
1
BFM Podcast
3
CGS-CIMB Research
Genting Plantations - Proposed Land Acquisition in Indonesia
4
5
Initial Public Offering (IPO)
7
Koon Yew Yin's Blog
8
Initial Public Offering (IPO)
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
Icon8888
I have tried to write about Delloyd recently. I have got almost all the info that I need. However, there is something I cant figure out, which kind of stop me from publishing my article.
Delloyd owns 60% of it Indoensian plantation subsidiaries (which owns the bulk of its plantation assets). However, in the P&L, there is no minority interest deduction. I simply can't figure out this part
2014-04-04 10:15