Bought 1000 units at RM6.05. If next week it breaks RM6.00, then it will revisit RM5.80 (5 Aug 2014 closing price). Probably what AMMB comments got some truth in it. PMETAL for the time being is overpriced. RM5.65++ is more reasonable (as a launching base).

Masalahnya penjual begitu ramai dan agresif semenjak harganya melepasi RM6. Mereka menjual dalam ratusan. Ini mengakibatkan harganya terus menjunam jatuh menuju ke paras sokongan terpenting, iaitu RM6.00.

Normally the price will be higher after bonus issues is announced, just like CBIP, ASIAFLE, FIMACORP, PESTECH and BONIA. Only one share where its price dropped after bonus issues announcement, that is GKENT. GKENT dropped 23 sen (1.90 to 1.67) after the announcement (for 7 trading days) but after that it kept shooting up. Today (2 weeks before ex-date), its price is 73 sen higher (2.40) and it is still climbing up until the ex date.

Just wondering whether PMETAL will be like GKENT or not? Let's see tomorrow. Anyway I have keyed in to buy at RM6.00, RM5.90 and RM5.80 (1 lot each) for tomorrow.

Just wonder for how many days this profit taking will last and to what level? Maybe for at least 5 consecutive trading days and to below RM6?

Heavy selling pressure continues in the afternoon session. Could be short term profit taking. May revisit RM6.10.

Going down in the morning session with heavy selling pressure from 6.30 to 6.22. But I think 6.20 will provide a strong support.

Thanks KYTAN. RHB should put that news in this forum and not in the newspapers only. Like AMMB negatively put the target price at only RM6 in this forum.

KYTAN, can you kindly please give the RHB Research link to us.

Possibly ALCOM coming 1st quarter 2015 results turn back into black (profit) from loss.

5 years chart shows that ALCOM has reached a historical height of RM1.40. Please do not take profit too early.

Why not change counter from Arank to Alcom. It is just direct contra.

Why not change counter from the laggard lbalum to alcom. It is just direct contra.

http://www.kitcometals.com/charts/aluminum_historical_large.html
Aluminum price keeps going up.

Please take a look at a much quiet and cheaper ALCOM as well. It has also form a bullish trend. It has less road block. LBALUM and ARANK are laggards.

Now even more sienzzz. Retrace back to 4.01.

Back to 4.05. Sienzzzz...

JOHANNESBURG, South Africa -- The worst outbreak of the deadly Ebola virus in history could actually be much worse than the official death toll reflects. Already, the World Health Organization says 887 people have died, but a top doctor working at the heart of the outbreak in West Africa says many cases are going unreported.

The death toll from the Ebola epidemic in West Africa has reached 887, according to the World Health Organisation.

The WHO has described the response of some of the affected countries to the outbreak as being "woefully inadequate".

As of 27 July 2014, the cumulative number of cases attributed to EVD in the four countries stands at 1 323 including 729 deaths. The distribution and classification of the cases are as follows: Guinea, 460 cases (336 confirmed, 109 probable, and 15 suspected) including 339 deaths; Liberia, 329 cases (100 confirmed, 128 probable, and 101 suspected) including 156 deaths; Nigeria, 1 case (1 probable who died); and Sierra Leone, 533 cases (473 confirmed, 38 probable, and 22 suspected) including 233 deaths.

http://www.theedgemalaysia.com/business-news/300994-glove-makers-to-benefit-from-ebola-outbreak.html

http://www.theedgemalaysia.com/business-news/301042-hot-stock-rubber-stocks-continues-rally-on-news-that-glove-makers-would-benefit-from-ebola-outbreak.html

Top Glove is the biggest beneficiary among glove makers.

Among the players under coverage, the investment bank (HLIB) believes the Ebola outbreak is slightly more advantageous to Top Glove as it is the top exporter of latex gloves and has greater exposure in Africa.

Today we see only selling the whole day. So boring. Where is EPF? Still on holiday?

http://www.theedgemalaysia.com/business-news/299453-rhb-research-maintains-buy-on-cahya-mata-sarawak-raise-fair-value-to-rm455-.html

I think what Redrose is trying to say is that the coming August CMSB results might increase by 150% (2nd quarter results or first half of the financial year).

Redrose, Joel, can you all please give us the link.

This time, 24 July, RM4.04 also cannot break. I think Pestech could retreat back to RM3.66. Too many sellers queuing to sell and no big buyers.

Last time on 14 July, it failed to break RM4.10 and all the way down to RM3.66. Don't know this time how? Dow Jones futures market still in green. Just hope for the best before thinking about Kenanga target price of RM4.36.

So hard to push from RM6.21 back to RM6.29. Don't know which rascal goes and throw 75 lots to push it down back to RM6.26. Really testing my patience and faith in this MPI. I bought it just because in the year 2000 it shot up to RM25. It should be a very bullish share following the good prospect of the semiconductor upward cycle now.

Hoping for a better show tomorrow. As stockking said RM6.40 and above.

Pestech has awaken up. Now charging strongly. Please wake up MPI. Why got road block at RM6.26?

AFFIN INVESTMENT BANK reiterate "buy" rating on MPI as they continue to like its strong earnings growth prospects and better earnings visibility going forward. After their recent meeting with the management, they maintain their positive view on MPI's future growth and direction. To drive earnings growth ahead, MPI will focus on three key areas, namely margin, sector and technology. MPI remains one of our top picks in the technology sector, given its strong growth profile and attractive valuations. To maintain its competitive edge, MPI has been collaborating with its customers to develop new manufacturing equipment and materials. In view of the industry's favourable prospects and MPI's robust earnings growth in FY2013, we upgrade our target PER for the group to 14 times. The re-rating is further supported by its strong fundamentals, which are largely underpinned by improved earnings quality and better earnings visibility. With shahriah-complaint status, they think MPI should trade at a higher PER given the ample domestic liquidity.

What is wrong with Pestech?

Just hoping for a research house to raise the target price on my posting on 16 July, RHB comes out with the new target price of RM4.55. Worth adding some more now.

It has reached the target price of RHB reserach at RM4.06. Just be cautious. Correction may set in unless any research houses raise a new bullish target price.

Usually bonus issue news won't die off so fast. Just look at Pestech, Lysayght, Fima Corp and Bonia. Uptrend with minor corrections all the way till ex-date. On condition Dow Jones behaves itself.

Bonia Corporation - Re-entering China market BUY

Author: kiasutrader | Publish date: Thu, 10 Jul 10:09

- We reaffirm our BUY recommendation on Bonia Corporation (BON) with an unchanged fair value of RM6.20/share, pegged to a PE multiple of 15x over its CY15F earnings.

- Newswire reported that BON is in talks with several China Chinese market within the next 12 to 24 months. BON’s intention to explore new markets within Asia with potential established partners is not something new to us.

- Currently, BON have presence in China with Braun Buffel through licensing to a local partner. The licensee owns more than 100 outlets in China. Recall that through Jeco Pte Ltd (70% Buffel trademark until 30 June 2034 within the Asia Pacific region.

Source: AmeSecurities

[Bullish comments (from eftee source dated today]

- We are NEUTRAL on the consumer sector given the challenging operating environment. Under the retail sub-sector, our top BUY is Bonia Corporation (FV: RM6.20/share) underpinned by its monopolistic position in its operating environment, cornerstone brands and regional footprint. We have HOLDs on Padini Holdings (FV: RM1.80/share) and Parkson Holdings (FV: RM2.20/share) given the potential deceleration in SSSG and intensifiying competition.

AMMB Research

RM6.20 = 6.20/4 = RM1.55 after ex-date

So, finally the new price for tomorrow will be 6.54 X 3/5 = RM3.92. And Kenanga target price is RM4.36. Still a long way to go.

RM8 means RM4.80 after ex bonus. We will only receive our bonus issue on Friday. Just have patience and confidence that it will reach that target price one day.

Still OUTPERFORM with TP upgraded to RM7.27/share. With RM880m tenders outcome in the next six months with considerably good chance of securing several of them, we decided to raise our order-book replenishment assumption for FY15 to RM600m from RM400m previously. This increases our FY15 revenue assumption to RM450m, from RM335m previously, which we believe is not overly aggressive. Thus, our new FY15 forecast is raised by 37%. As such, our new price target is now upgraded to RM7.27/share (or ex-bonus TP of RM4.36/share) from RM5.34/share previously, based on unchanged CY15 13x PER. OUTPERFORM retained.

Source: Kenanga

Although its share price has rallied 64% in the past five months, we still see upside in PESTECH given the upcoming tenders in which it stands a good chance in securing a few. Upbeat sentiments from contract flows and bonus issues which will go "ex" on next Tuesday bode well for PESTECH. With its current order-book of RM660m, our FY14-FY15 revenue forecast is fairly achievable. On the back of RM880m new potential contract awards as mentioned above, we raise our FY15 orderbook replenishment assumption to RM600m from RM400m. This raises our FY15 forecast by 37%, thus our new TP is now upgraded to RM7.27/share (or ex-bonus TP of RM4.36/share) based on unchanged CY15 13x PER. OUTPERFORM reaffirmed.

Just bought 1000 units of Petdag at RM23.84 yesterday. Still heavy selling but well absorbed. Will keep for long term.

30.06.2014 (Monday): The sharp drop in the afternoon session from 9.46 to 9.20 really scares me. Stockoperator, any idea how much more upside room does FimaCorp has?

Thanks cspettham.

TQ cspettham. I will try again at 12 am.

Please enlighten me, it is stated that the entitlement date is 26.06.14 as at 5.00 pm. How come when I check my hlebroking internet trading system, it still shows 1000 units instead of 3,000 units? Now it is already 9 pm.

kwl8888, by what time on this Friday our CDS account will have the extra bonus/split issues?

Dr Warrant, RM3 also you dare to buy? How many lots?

So, finally the starting price for tomorrow will be 10.50 / 3 = 3.50. Chase up or push down will be a big question mark?