Follow Kim's Stockwatch!
MALTON - Nothing To Hide! Today Will Be A "KABOOM STOCK"!
Source by telegram(Real live trading). We have real live trading session at this handphone application Telegram which can download from GOOGLE PLAY
https://www.telegram.me/kimstock for more details.
HOWTO BE A SPARTAN?
The answer is CLICK HERE! and follow the instruction.
-------------------------------------------------------------------------------------------------------------------------------
DATE : 6th October 2017
MALTON - Nothing To Hide! Today Will Be A "KABOOM STOCK"!
AFTER a strong start to the year, some property stocks have faltered in recent months. Despite the lacklustre outlook and absence of near-term catalysts, there could still be trading opportunities in the sector, especially those counters that ride on broader market sentiment.
Stock : MALTON (RM1.18)
Target Price : RM1.50 (Immediate)
Warrant : MALTON-WB
Today Kim hint and mentioned early morning this stock. Kim also mentioned TP RM1.21 today. Price high has been touched in short period.Share price closed in the evening stood a RM1.18. I think it enough to describe what's going on next. - Author
What's good?
1. MALTON BHD - Expects units in Tower 1 and Tower 2 of its luxury serviced apartment project, The Park 2 Pavilion Bukit Jalil to be fully taken up by year-end
2. MALTON BHD - Net profit more than double to RM48.17mil in the fourth quarter ended June 30, from RM21.27mil a year ago. Its revenue rose to RM334.69mil during the quarter compared with RM220.44mil previously. For the full financial year ended June 30, Malton posted a net profit of RM62.52mil on revenue of RM817.08mil.
3. MALTON BHD - Attributed the performance to a significant rise in property turnover and positive effect of cost saving measures and value engineering undertaken by the construction division, albeit marginally lower margins recorded by both divisions and reduction in other income,
4. MALTON BHD - Said its ongoing development projects, which include The Park Sky Residence and The Park 2 Residence in Bukit Jalil, will contribute to the earnings of the group for the financial year ending June 30, 2018 (FY18).
5. MALTON BHD - Tripped into correction mode owing to apparent profit-taking activity after a nice rally, which witnessed the shares peaking temporarily at RM1.94 on May 16, the best level since early March 2000.
The downward adjustment process lasted almost three months, dragging the shares to as low as 88.5 sen during intra-day session on Aug 11. At that moment, Malton appeared defenceless and risked declining deeper into the red. However, the sudden wake of a fresh bout of bargain hunting came to the rescue and lifted this stock to trade range-bound, marginally above the recent ebb.
What's going on today?
Kaboom!!!
Regards,
Kim Stockwatch
Do join us on a good gain at these sites
Telegram : https://www.telegram.me/kimstock (Real live time trading)
Or Join Elite Spartan Group Traders (SGT) by contact via phone number.
More articles on Follow Kim's Stockwatch!
Tech Stocks Capable Of Mounting A Comeback And Rally Soon - Kim's Stockwatch
Created by sparta | Mar 20, 2022
Featured Posts
Apps
Top Articles
1
2
AmInvest Research Reports
3
4
5
6
7
8
TA Sector Research
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
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....
