HENGYUAN: 15 mins chart shows upwards price recovery
https://klse.i3investor.com/blogs/changwt/143039.jsp

FRONTKN (0128)
Price/现价 : 0.48
Target price/目标价: 0.55/0.60
Cut loss/止损价 : 0.445
**Syariah
Sector/领域: TRADING/SERVICES

Source : RHB RESEARCH INSTITUTE

FRONTKEN: Bullish Engulfing & will it surge following DJIA Technology stocks surge last night?
https://klse.i3investor.com/blogs/changwt/142993.jsp

bullish engulfing pattern formed today. expect 50 cents to be breached tomorrow

Tomorrow oil price surge
https://www.alaraby.co.uk/english/news/2017/12/31/iran-militants-say-they-have-blown-up-oil-pipeline

nymex is more than $60 now, soon this will also shoot up like hibiscus

.Oil prices touched two-and-a-half year highs on Tuesday, boosted by an explosion on a crude pipeline in Libya and voluntary OPEC-led supply cuts.Brent crude , the international benchmark for oil prices, rose $1.51, or 2.31 percent, to $66.76 a barrel,U.S. crude climbed $1.29, or 2.21 percent, to $59.76 a barrel .

.Oil prices touched two-and-a-half year highs on Tuesday, boosted by an explosion on a crude pipeline in Libya and voluntary OPEC-led supply cuts.Brent crude , the international benchmark for oil prices, rose $1.51, or 2.31 percent, to $66.76 a barrel,U.S. crude climbed $1.29, or 2.21 percent, to $59.76 a barrel .

Crude Oil Prices Rise on Reports of Blast at Libyan Oil Pipeline By Investing.com

https://m.investing.com/news/commodities-news/crude-oil-prices-rise-on-reports-of-blast-at-libyan-oil-pipeline-1029671

Crude Oil Prices Rise on Reports of Blast at Libyan Oil Pipeline By Investing.com
https://m.investing.com/news/commodities-news/crude-oil-prices-rise-on-reports-of-blast-at-libyan-oil-pipeline-1029671

Oil price rise + good announcement from Hibi today = price goreng today

Oil prices rose in light volumes on Friday, steadying near their highest levels since 2015 on pledges from OPEC leader Saudi Arabia and non-OPEC Russia that any exit from crude output cuts would be gradual.Brent crude futures, the international benchmark for oil prices, ended the session up 35 cents at $65.25 a barrel, its highest close since June 2015.U.S. West Texas Intermediate (WTI) crude futures settled 11 cents higher at $58.47 a barrel.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5646861

all the banks are shooting up today. this MBSB should not be excluded too

https://klse.i3investor.com/m/blog/changwt/141433.jsp

today's buying volume surpasses all the previous days' red candles. confirmed bullish reversal

shooting star forming for two consecutive trading days already

https://klse.i3investor.com/blogs/changwt/141151.jsp

https://klse.i3investor.com/blogs/changwt/141151.jsp

https://klse.i3investor.com/blogs/changwt/141151.jsp

before closing, same show like last Friday is displayed where sharks are marking up the price for closing. Expect tomorrow morning's price to follow this morning's price surge

Shooting star - bearish reversal signal appeared yesterday

The Board wishes to emphasise that the indicative exercise price of RM0.94 per Warrant
should not be taken as a confirmation of or reference to the actual exercise price of the
Warrants, which will be determined and announced on the price-fixing date.

The exercise price of Warrants will be determined and announced at a later date by the Board
after obtaining the relevant approvals (as set out in Section 6 of this announcement) but before
the Entitlement Date. The exercise price of Warrants will be determined and fixed accordingly
after taking into consideration, amongst others, the following:
(i) the historical volatility of the underlying Shares;
(ii) the historical price movement of Shares;
(iii) the prevailing market conditions;
(iv) the potential future earnings of Hibiscus Petroleum and its subsidiaries (“Group”); and
(v) that the Warrants are exercisable at any time from the date of issue of Warrants up to
the end of the tenure.
The exercise price of each

support is extremely strong today, signs that it will shoot up anytime soon

Thursday, November 9, 2017


First of all, I am not a trader. Hence, this post does not mean I mainly look at trades, however as an investor I have to be smart on short term movements, psychology in among traders especially funds.

Ekovest, if one notice its latest Annual Report has added on institutional investors. While many have opinions that institutional are good, to me IT DEPENDS. Ekovest's shares have been bought by institutionals especially when Datuk Haris sold his block. During then, Ekovest's shares have huge volatility and of course when there are huge swings, many retailers like to take part. Some are caught at around RM1.45 to RM1.50 (one has to note that Ekovest's shares have split from 1 to 2.5 early this year and has given 25 sen dividend after its sale of 40% of DUKE).

This time around, it seems (while I am positive or rather see very little impact), I think funds are negative on Ekovest's proposal to acquire as they deem it as a rescue of IWCITY. I obviously differ in my opinion.

To me, it is quite obvious - the owners and sponsors see this deal as positive for Ekovest. They have hence in the short period of time decided to buy more shares of the company they control. I see this as quite common actually. While funds are funds and they can impact the short term trade of the stocks they own, they however move in herds.

I have actually seen this in many strong fundamental stocks - Airasia, NTPM, Padini are among some of them. All of them have funds relinquishing and frankly Airasia was the classic. One guy from Hong Kong gave a negative comment and some of the large funds (in US) started to sell (strongly advice to read this link and reflect again) - at a period when the fundamentals actually turned to the positive. It is most of the time started with the same concern - gearing and gearing.

As long as the fundamental of the company is sound - the idealogy is when funds sell, we slowly pick. Again, as long as the fundamental is strong - this is important.

In Ekovest, I see that same. Ekovest is not used to funds investing in their stocks. One can run through their annual reports of yesteryears. This year is the difference where funds are started to pick up the stock.

As a small retail investor, I see these as opportunities - which is why I say, one can be small but we can actually perform better. Some people simply call this as "contrarian" strategy.

http://www.intellecpoint.com/2017/11/ekovest-seen-many-times-funds-vs-owners.html

" on the basis of one new Ekovest Share at RM1.50 per share for every one Offer Share"\

This simply means that ekovest share is worth at least RM1.50

（吉隆坡16日讯）2018年财政预算案将在下周五（27日）宣布，市场预期大马城得标财团短期内也会“现身”，这让“得而复失”的丹斯里林刚河再成市场焦点，他旗下公司也趁势而起，价量齐扬。

林刚河旗下的海滨城市（IWCITY，1589，主板产业组）以及怡克伟士（EKOVEST，8877，主板建筑组）今日表现突出，市场人士认为，随着预算案将注重基建及房屋问题，林刚河两家公司料有望从中受惠，加上它们仍有机会从大马城发展计划受惠，使股价被趁势炒起。

今早海滨城市以平盘1令吉28仙开市，交易不久即大量买盘涌进，使股价稳健扬升，早市一度猛涨20仙或15.62%，至1令吉48仙的高峰。其涨势在休市前稍微放缓至18仙或14.06%，至1令吉46仙，半天成交量已放大至5184万股。

林刚河旗下的另一只建筑股──怡克伟士的表现也不俗，今早一度涨升8仙或7.27%，至1令吉18仙，半天成交量已达1428万4600股，以1令吉17仙休市，起7仙或6.36%。

海滨城市涨15仙
怡克伟士起5仙

全天收市时，海滨城市涨15仙或11.72%，至1令吉43仙，成交量达6109万7500股，为第7热门股。另一边厢，怡克伟士也不甘示弱，全天仍起5仙或4.55%，至1令吉15仙，总共有2064万9500股易手，显示交投也相当炽热。

市场人士认为，林刚河的两只股在全场马股跌多起少、综指也出现微跌情况下逆流而上，尤受市场注目。他认为，除了上述潜在催化因素的推动，相信也可能是跌至偏低水平浮现的技术反弹，投资者可要注意它们是否宣布任何最新的企业消息，以决定进退。

EKOVEST: Building links for the future https://klse.i3investor.com/blogs/changwt/129818.jsp

FRONTKEN: An Analysis Using Volume Distribution Chart
https://klse.i3investor.com/blogs/changwt/129526.jsp

EKOVEST - The Return (Part 2) https://klse.i3investor.com/blogs/changwt/128896.jsp

EKOVEST – The Return https://klse.i3investor.com/blogs/changwt/128589.jsp

Ekovest is one of the participating companies in Invest Malaysia yesterday. Possible that the fund managers realised this counter is undervalued so starting to push up now
http://www.investmalaysiaconference.com/home/

But with Wanda now facing restrictions in moving funds abroad amid China’s crackdown on capital outflows, the likelihood of its participation in the Bandar Malaysia project will be minimal.

Speculation is rife that IWH CREC will be able to reinstate its participation in Bandar Malaysia, as the conglomerate stands a good chance to win the bid for the deal, says an analyst with a local banking group.

Read more at http://www.thestar.com.my/business/business-news/2017/07/22/impact-of-chinas-capital-controls/#UjGOJLKqFPPX9DSa.99

@knightyonder, borrowing your pic again

chart pattern analysis are always about repetitions of histories

IWCITY – An Analysis of Volume Distribution Chart and Candlestick Patterns https://klse.i3investor.com/blogs/changwt/128325.jsp

EKOVEST – Bullish Harami Formed https://klse.i3investor.com/blogs/changwt/128337.jsp

I will publish my blog on this tonight. Stay tuned

EKOVEST (TP: MYR1.32): LoA for Blue River Project (Maybank IB Retail Research)

Maybank IB Retail Research



Ekovest received the letter of award (LoA) from DBKL for its appointment as the design and build contractor for the proposed “Blue River Project” in the vicinity of the River of Life Precinct 7 – Masjid Jamek Kuala Lumpur Zone. The 18-week project, which is worth MYR79m (excluding GST), shall be completed before 30 Aug 2017. It is inclusive of a five years operations and maintenance period for the project.



This is not a new announcement. The group received the letter of intent for this project back in Mar 2017. But with this award, it would indicate that Ekovest is the proxy to the River of Life project in Kuala Lumpur. Bear in mind that apart from construction works related to this project, Ekovest also has a substantial portion of its land bank which is located within the vicinity of the River of Life project.



Looking beyond this LoA, Ekovest’s earnings growth is propelled by its construction division. At present, it has an outstanding order book of about MYR13.9b which should keep the group busy for the next few years. Key projects include the on-going DUKE Phase-2, SPE, a 30% JV job for Pan Borneo Highway Phase-1, as well as construction works for in-house property projects like EkoTitiwangsa, just to name a few.



For property, apart from EkoTitiwangsa and EkoCheras, the group has recently proposed to acquire two parcels of freehold land measuring approximately 4,693 sqm in Kuala Lumpur for MYR26.8m (excluding GST). This would pave way for its EkoQuay project which has a gross development cost of MYR293.8m. The group has more than 70 acres land in KL, Johor and Pahang, with total gross development value for its KL/Klang Valley land bank exceeding MYR7b.



Construction and property development aside, Ekovest also has exposure to toll operations. It has a 60% stake in Kesturi, the concession holder of the Duta-Ulu Klang Expressway (DUKE). The group also has a 53.5-year concession for SPE.



Street is forecasting a 20.4% 2-year EPS CAGR for FY6/17-19. Note that Ekovest is a beneficiary of various infrastructure developments in Malaysia. This, together increasing contribution from toll operations should help to weather any short-term hiccup in property.



So far, only one broker covers the stock. The last rating was a Buy with a target price of MYR1.41. At current price, the stock is trading at 18.9x consensus FY6/18 EPS of 7.0sen, lower than its 3-year historical average PER of 27.9x.

purely based on TA

SENDAI: Why you can expect this counter will further rally today
https://klse.i3investor.com/blogs/changwt/128167.jsp

If my prediction is correct, any time within today or tomorrow, analysts will come out with another report which will include increased TP due to the inclusion of the RM16bil deal yesterday

bullish engulfing formed today

Next immediate TP RM1.30 by enanyang, highly achievable within today in view of the momentum

and the volume distribution chart is a built in function in ShareInvestor Station, it is a paid service, you can google for it to subscribe

@flinestones I am not sifu lah, just a beginner, sorry, and I purposely disabled the comments in my blogs for some reasons. Sorry again

EKOVEST – My previous 2 blogs on a V Shape Rebound is Correct. What's next?
https://klse.i3investor.com/blogs/changwt/128103.jsp

my previous 2 blogs were spot on, for those of you who read about my prediction on a V shape rebound. Now, with this additional RM16 bil, I foresee a limit up

RM16 billion!!!