PETALING JAYA: Amcorp Properties Bhd posted a 57.3% year-on-year improvement in earnings to RM17.66mil from RM11.23mil, following a 25% rise in revenue to RM40.7mil from RM32.5mil in the second quarter ended June 30, 2014.

Earning per share rose to 3.05 sen from 1.95 sen.

According to Amcorp Properties, its Malaysia and London projects contributed RM26.1mil in revenue, while the renewable energy and contracting division posted RM14.6mil.

“The group recorded profit before taxation of RM18.5mil contributed (mainly) by Malaysia and London properties. The results of the properties division was contributed by Sibujaya township in East Malaysia, the sale of retail units at Baker Street and residential units at NeoBank in London.

Despite the less-than-favourable weather condition, the renewable energy and contracting division generated an operating profit of RM0.8mil,” the company said.

On its prospects for the year, Amcorp Properties said: “The board expects sales from its London and Malaysia property projects to contribute positively to the group’s earnings. Barring any unforeseen circumstances, the board is optimistic that the group’s operations will be profitable for the year ending March 31, 2015."

please queue at 19 cent Eric

entertainer come again .... haha....

Formation of Bullish Piercing Line

This is a bottom reversal pattern with two candlesticks. A black candlestick appears on the first day while a downtrend is in progress. The second day opens at a new low, with a gap down and closes more than halfway into the prior black body, leading to the formation of a strong white candlestick.

Recognition Criteria

1. The market is characterized by a prevailing downtrend.
2. A black candlestick appears on the first day.
3. A white candlestick opens on the second day with a gap down and closes more than halfway into the body of the first day.
4. The second day fails to close above the body of the first day.

Pattern Requirements and Flexibility

The first day of the Bullish Piercing Line pattern is a normal or long black candlestick. The second day should open well below the close of the first day and close more than halfway into the prior black candlestick’s body. However, the close of the second day must stay inside the body of the first day.

Trader’s Behavior

The market moves in a downtrend. The first black body reinforces this view. The next day the market opens lower via a gap, showing that the bearishness still persists. After this very bearish open, bulls decide to take the lead. The market surges toward the close, prices start to go up resulting in a close way above the previous day’s close. Now the bears are losing their confidence and are reevaluating their short positions. The potential buyers start thinking that new lows may not hold and perhaps it is time to take long positions.

James , refer to this photo link

https://m.facebook.com/photo.php?fbid=596220503826317&id=100003151198649&set=a.270237543091283.62488.100003151198649&refid=17&_ft_&__tn__=E

our forum is good to have entertainer

"Posted by SateMan > Aug 4, 2014 03:46 PM | Report Abuse

it won't be more than 0.26..tomorrow back to 0.235..kahkahkah


Posted by DRYEW > Aug 4, 2014 03:47 PM | Report Abuse

no 30sen, dont sell. =>


Posted by SateMan > Aug 4, 2014 03:48 PM | Report Abuse

go back to 0.20..you cry lor...kahkahkah"

i think morning session will be trading at 25c - 26.5 c range, afternoon i leave it tomorrow only estimate

Posted by 4u2c > Aug 4, 2014 09:41 PM | Report Abuse

FX Lee ........U today ,is this counter live DJ !!! Congrats to all and hvg FX as the DJ was great......Lets see the weather forecast for tomorrow ? Break her high of 31 cts or consolidate ??
Was busy with work today, or else i can chase the daughter some more.....ha ha ! Good chance for new high ?


sorry i was busy with my work, now only reach home....

regarding tomorrow , 1st resistance still 26 cent (didn't break today)

resistance 1 : 26 cent
resistance 2 : 28 cent
resistance 3 : 31 cent

Only 10 Per Cent Of Firms Registered For GST Scheme Applied For Accounting Software Subsidy

KUALA LUMPUR, Aug 4 (Bernama) -- Only 10 per cent of some 7,000 companies which have registered for the coming goods and services tax (GST) scheme, have applied for the RM1,000 subsidy to upgrade their accounting software to be GST-compliant, says the Royal Malaysian Customs Department.

"Many small- and medium-sized enterprises (SMEs) that are eligible for the RM1,000 e-voucher are not aware of such a benefit," said GST director Datuk Subromaniam Tholasy.

He urged more companies to take advantage of the subsidy and make the application online.

In a move to help businesses ease into the GST implementation on April 1, 2015, the government is offering eligible SMEs a RM1,000 e-voucher to purchase related software from vendors certified by the customs.

"The department has to date certified 113 vendors, and the number will increase over time," Subromaniam told reporters after attending a GST session organised by the Secretariat for Empowerment of Indian Entrepreneurs to brief 14 local Indian organisations on the new tax regime.

The prices of the software, depending on business needs, range from RM800 to ten of thousands of ringgit.

As at yesterday, only 7,000 companies had registered for GST, he said.

It is estimated that around 300,000 businesses in Malaysia, which have an annual turnover of RM500,000, have to take part in the new tax regime.

Up to 90 per cent of those companies were SMEs, Subromaniam said.

He said the department would not give an extension of time for companies and businesses to register once the deadline expired on Dec 31, 2014.

Companies failing to register for GST by then can be fined up to RM30,000 or two years' jail or both, or be compounded up to RM15,000.

Businesses needed at least three months to familiarise themselves with the new tax regime, hence the registration deadline by year-end, said the Customs Department.

recap my TA analysis

IFCAMSC
support 1 : 24 cent (from resistance become support)
support 2 : 23.5 cent (from resistance become support)
support 3 : 20.5 cent
resistance 1 : 26 cent
resistance 2 : 28 cent
resistance 3 : 31 cent


i estimated today will be around 25 to 25.5 cent

Buy Volume ('00) 5,800
Buy 0.255
Sell 0.260
Sell Volume ('00) 23,077

happy trading , i am back to work. don't miss me

Posted by SateMan > Aug 4, 2014 03:52 PM | Report Abuse

where is FX Lee ??? run away when price goin to drop??


what happen to this guys? need doctor?

I am working, can't monitor all the time

Thanks buddy. happy trading

recap

"
IFCAMSC

support 1 : 24 cent (from resistance become support)
support 2 : 23.5 cent (from resistance become support)
support 3 : 20.5 cent
resistance 1 : 26 cent
resistance 2 : 28 cent
resistance 3 : 31 cent

"

hi i am here?
can anyone give me the buyer/ seller quantity and price?

iretex-la bougght 6.5 cent, sold off too early at 7 cent.

coz that time i want to buy IFCA

ok happy trading, offline

guys, please take note that Aug is normally time for Q2 result release time for most stock. i think most undervalued stock will be moving up until end of Aug 2014

lol, i just typing, seller at 24.5 cent finish d

got retailer slowly exit at 24.5 cent at this moment

lol kuku

cannot have heart attack, this counter can be very fast.

normally huge seller can be eaten up in second.

happy trading

consolidating above 20 cent...

hold for higher price

hagi, the premium for warrant get lower, last time mother 23.5 cent, warrant already 19.5 cent

now mother 24.5 cent , warrant 19 cent.


please bear in mind the premium of warrant can change over time, careful trading !!!

hope these article helps

We as humans, unknowingly go in a “State of Denial” (a defence mechanism postulated by Sigmund Freud, in which a person is faced with a fact that is too uncomfortable to accept and rejects it instead, insisting that it is not true despite what may be overwhelming evidences). This can be very devastating and traders need to avoid going into a “State of Denial”. In order to have a chance at becoming a professional trader, traders need to detach themselves from their bias and avoid getting married to their opinions. Believe me fellow traders, mind plays a big role in trading and it is important to have it free of cluttered thoughts and biased opinions. Trading is without a doubt the most difficult profession in the world and is not for everyone. A successful trader should act on what is happening and not what he/she thinks should be happening. They need to deal with facts and not illusions. Trading with bias is a recipe for failure and quicker a trader gets detached from bias, quicker they will put themselves on path to becoming a professional ./ successful trader. My sincere advice to all you readers is to shun your bias (if you have one) today and start dealing with the facts. If you believe in EWP, read the waves , read the inter-market correlation, trade what your eyes see ,and not what your bias wants you to trade and you will soon become a very successful and profitable trader.


http://elliottwave-forecast.com/article-blog/bias-in-trading/

"DRYEW 0.225 nobody want buy, 0.245 all Q to buy =\
04/08/2014 10:42"

this is common thing happening in everyday, pyschology problem - denial


please read this article : http://www.futuresmag.com/2014/06/16/traders-are-in-a-state-of-denial

drawing trend line and parallel line in this chart will do

http://klse.i3investor.com/servlets/stk/chart/0023.jsp

ozzie, that entry point was in last year after right issue.

Sumatec can be a good investment too, provided it can be uplifted from PN17 in September 2014.


what i am emphasize is entry point, however, i need to admit that my exit point is weak.

i think later 25 cent will be eaten up , not sure the timing either 11pm or afternoon.

own judgement for reference

ozzie, i am not pro, but just fighting in market for long time,
i called myself a " fighter ".

win win loss loss, but win more than loss good enough.

happy trading guys

IFCAMSC
support 1 : 24 cent (from resistance become support)
support 2 : 23.5 cent (from resistance become support)
support 3 : 20.5 cent
resistance 1 : 26 cent
resistance 2 : 28 cent
resistance 3 : 31 cent

Sateman, you low level of 19 cent is not reasonable
since there is support level at 20.5 cent

ozzie, maybe we can discuss one day,

previously i bought IRETEX-LA @ 6.5 cent (1000 LOTS) sold off too early at 7 cent

i also got SMRT-WA bought at 41.5cent, sold off at 50 over cent

i also got ifca-wa bought at 9c, 11c, 12c, sold off at 16.5c

recently rading IFCA mother, last friday bought 23.5 c

Sateman my sumatec bought at 26.5 cent still holding, see who laughing until the end

today i think will reach 25 cent to 25.5 cent , my estimate

support 1 : 24 cent (from resistance become support)
support 2 : 23.5 cent
support 3 : 20.5 cent

resistance 1 : 26 cent
resistance 2 : 28 cent
resistance 3 : 31 cent

that few day is just killing off the contra, not a big deal.

we must have holding power !!!!!!!!!

one thing we notice, they will makan warrant first before eat up mother

warrant 19 cent habis !!!!!!!!!!!

resistance of 24 cent breaks !!!!!!

next resistance is 26 cent !!!!!!!

now who is crybaby?

reversal signal trigger !!!!!!!!!!!!

the end of cheap sales !!!!!!!!

wakaka mother turn white !!!!!!!!!!!!!!

warrant turn white first before mother turn white haha, many crybabies cannot get 19 cent

warran 17 cent habis !!!!!!!!!!!!!!!!

nice buy at 16.5 cent just now

unlikely below 20.5 cent.

forced selling will no change its fundamental.

and 2 weeks later Q2 report is out (not include GST sales)

Lelong, no matter what u said, the trend is still the trend.

it is just a higher low of the making of higher high

one more crybaby haha

just need to break 23cent, then holy shit liao, haha