Better take profit now!!!

Consolidated since early May 11.
Almost time to move on???

Hmm...
Smell like the wind may come soon...

@kenteoh94, thanks for sharing Karyon
My feedback...
ADX (momentum) below 25 = weak (not suitable for trend trading)
Chart pattern looks like double peak (or may form triple peak)...I may be wrong... Just beware.


Posted by kenteoh94 > Jul 28, 2017 10:17 AM | Report Abuse

Besides, just watch karyon for chabce also if u have extra bullet. Now 28 sen.
Just sharing while waiting for cck. Heheh

Just sharing....

All the charts indicators are beautiful!!!
All in positive territories (the rally just beginning...)
ADX momentum is building up!

Target price above RM1 is in sight...on the way!

Wah! Our investment pay off already.

:D))

@sunztzhe, love your sharing of words of wisdom.


Posted by sunztzhe > Jul 25, 2017 09:02 PM | Report Abuse

Mistakes can be corrected by those who pay attention
to facts but dogmatism will not be corrected by those
who are wedded to a vision.
- Thomas Sowell

Immediate resistant at 0.33. It is attempting to scale above 0.33 to stay above the Ichimoku cloud, to confirm its uptrend.

At 0.330, all other indicators are positive:
- MACD ticked up and almost crossing the zero line
- above SMA 50 days
- RSI & SSTO above 50
- CCI hits +250

If the damage from the fire is bad, "insider" would have sold down yesterday after the fire which started at about 12.30pm and was brought under control at 1.23pm, but it close in green yesterday.

The fire at one of its factory is just a minor obstacle (unforeseen circumstance). The company's business and fundamentals are still intact. I believe management have the capability to address it.

Furthermore, they have insurance to mitigate some of the losses.

Any dip in price is an opportunity to buy low.

Just added some more at 0.905

Good morning.

Good to see that more and more "investors" understand this Dnex.
So far, I can see that "speculators" didn't do well in this stock.

Chartwise, Dnex is at the crossroad...trading sideways in a narrow band.
Be patient and watch-out for the big move soon (I believe).

JAKS Triggered Buy signal:
- Moving Average Crossed (7,21)
- Breakout above short term downtrend line
- MACD ticked up and SSTO & RSI moved above 50 level
- CCI is bullish, shot up above +250 level

FGV is at the crossroad RM1.70 resistant/support level.

It has to breakthrough the Ichimoku cloud (currently still below the cloud) and go above 1.83 to confirm its bullish trend.

Hi Bizfunneng,

I not an expert in this field yet and still learning every day.

I can only share what I have learnt (insyallah the correct techniques)...

Yes, I use live charts...Daily, 60 minutes and 30 minutes charts.
Actually I am a swing trader, not day a trader.
So, in fact using the end of the day chart would suffice.

I find that since I started using technical charting a year ago, my stock trading performance has improved significantly. Learning technical analysis is a worthwhile investment.


Posted by Bizfuneng > Jul 21, 2017 10:15 AM | Report Abuse

Hi Investar2862, so you are do trading. You using live charting or EOD chart? Trying to learn TA.

Good morning...

This chicken (food) business is always good in the long term.


Yew Fei,
Buy and sell depends on your own predetermined investment strategy.

My strategy may be very different from yours...

I pick a stock by reviewing it business potential and its fundamentals.
After that, my trade decision (buy and sell) solely based on technical analysis...charting.

Like CCK, I will buy based on the chart signal and sell based on the chart signal too. I may take profit when my chart show me the signal and buy back later after it drop/consolidated.



Posted by Yew Fei > Jul 20, 2017 06:46 PM | Report Abuse

Hi, @Investar2862 , Just asking , as you mention above P/E 15 and target price 1.28 , so u expect CY 18 earning will grow quit significantly ? Got any clue or info to support the statement ma ? cause i purchase cck too but still considering to keep it or take profit in the near future.

RECOMMENDATION FROM CIMB:

CCK Consolidated Holdings Bhd
Sunny side up

■ CCK is Sarawak’s largest poultry player, commanding c.35% market share. Core business in integrated poultry farming.
■ All the products from its integrated supply chain are sold solely through its 57 retail outlets. This is a key advantage, leading to consistent higher margins vs. its peers.
■ Prime beneficiary of urbanisation in East Malaysia. Poised to capitalise on growing demand, through the expansion of its integrated supply chain.
■ Grossly mispriced as a pure poultry stock. CCK should trade above its peers, given the advantages of having a retail arm and captive markets in East Malaysia.
■ Initiate coverage with an Add. Our target price is RM1.28, based on 15x CY18F P/E.


Sarawak’s strongest poultry player
CCK Consolidated Berhad (CCK) is a Shariah compliant stock on the Main Board. The company is mainly involved in poultry, seafood and retail services. The group currently commands an estimated 35% of Sarawak’s poultry market (eggs and chicken), making it the state's biggest producer. Besides Sarawak, it also has exposure in the poultry markets of Sabah and Indonesia (Jakarta and Pontianak). The group also operates 57 retail outlets, mainly located in its captive market, East Malaysia.

Retail arm its ace
CCK’s key advantage is its retail arm and strong branding. While its peers have limited or no retail exposure, all its poultry products are sold through its strategically located stores. In our view, this further complements its integrated supply chain, as shown by its better margins due to stronger pricing power. In contrast, its peers rely on third-party distributors and their selling prices are dependent on supply-demand dynamics. Having a retail unit also alleviates oversupply concerns as any excess supply can be absorbed.

Growing demand for poultry products in East Malaysia
Malaysia ranks fourth globally in terms of poultry consumption per capita. Demand for poultry goods in the country is set to rise, thanks to population growth and urbanisation, especially in East Malaysia. CCK stands to be a key beneficiary of these macro trends as it has a monopoly in Sarawak. Expansion of F&B chains and new mall openings should translate to higher demand for its products, in our view. CCK is also expanding capacity across its integrated supply chain to cater to the expected demand growth.

Undervalued poultry player in Malaysia
We are of the view that the company is undervalued as the market has overlooked its key advantages such as: i) its wide distribution network of 57 self-owned retail outlets, leading to superior margins vs. its peers; ii) captive market in East Malaysia, with stronger-than-average demand growth spurred by urbanisation; and iii) stronger pricing power, leading to less cyclical and volatile earnings unlike its peers. We project CCK to record a 3-year earnings CAGR of 19.1% over FY17-19F.

Initiate coverage with an Add
We initiate coverage on CCK with an Add rating. Our 12-month target price is RM1.28, based on 15x CY18F P/E, a 30% discount to CIMB Malaysia’s consumer sector target P/E of 21.6x. The current valuation of 8.8x CY18F P/E is a 18.5% discount to the stock’s 5-year historical mean of 10.8x. Institutional shareholding is low at less than 0.3% (end2016). Downside risks to our call are sharp decline in poultry prices and spike in raw material costs.

...

Nice closing at 0.955

Today's Buy Rate = 59%
Buyers were feeding on 0.955 in last 10 minutes of trade.

I foresee strong buying will continue tomorrow...gap up.

We are at the beginning of this new wave...can hold on for more upside. Momentum is strong.

Happy that I added some more at 0.93 after lunch just now.
Buy on weakness.

Yes! The moment we are waiting has arrived.
Stay above resistant level 0.955 will be nice
:D))

The bull is looking good...

Tested immediate resistant at 0.955 just now but failed to break through it YET!

Any weakness in price now is an opportunity to add.

With stronger support (increased volume), it will likely to surge and build the base above 0.96.

Be patient. Next upper resistant is at 1.03

Thanks @paperplane2016

@paperplane2016, Can you please confirm it is SMA 59 not 50?

Price will be more sustainable if it can cross 0.915 (breakout above the short-term downtrend line)

Current resistant is at 2.19
Just be patient, give it a little time to break the wall.

CCI shoots above 200 level from just below zero...bullish!
Price hitting the upper Bollinger band.

Chartwise, it's a good breakout from the short-term downtrend line and move above the Ichimoku cloud.

Rebound just started...

Rebound still very early stage...full of potential

At 1.69, FGV just touched the center line of the Bollinger Band...still a lot of room to move up.

Buyers are very fierce!!!
Strong rally

It will shake you up when you almost fall asleep.
Right??? :D))

Accumulating FGV for the next push...

PUTRAJAYA:
Prime Minister Datuk Seri Najib Razak is expected to announce, among others, measures to help reduce the financial burden of settlers at a three-day carnival starting this Sunday (July 21), said Deputy Minister in the Prime Minister's Department Razali Ibrahim.

Datuk Razali told Bernama News Channel in an interview that in appreciation of the contributions made by Felda settlers to the country's development, the Malaysian government would continue with efforts to help ease their financial burden.

"It is done all the time for the good of the settlers," he said in the interview conducted in conjunction with the upcoming Settlers' Day celebrations. The Settlers' Day falls on July 7.  A three-day carnival  will be held from July 21 to 23 at Putrajaya to mark the Federal Land Development Authority (Felda) Settlers' Day. 

He said hoped all quarters, especially the opposition, would not take a negative view of the initiatives.

Datuk Razali said Felda had disbursed RM3.8 million since 2003 until this year in terms of incentive and bonus payments to settlers.
This year's Settlers' Day celebration will be the biggest ever, he said, adding that various activities would also be held, including sales carnival, exhibition and performance by artistes from Felda land schemes, according to Bernama.

Felda, which is virtually synonymous with government aid to rural Malaysia, traces its roots to a 1956 grant from the World Bank. It has given land and subsidies to more than 100,000 Malay families since then. Felda settlers make up a crucial vote bank for the ruling Barisan Nasional coalition during elections.

Btw, Ichimoku cloud can act as support and resistant level as well.

Price above Ichimoku cloud now.
Good chance it may moving up soon...

CCK is in consolidation phase for 7-8 weeks...now is almost time for the next wave!

Just watch out...it will only move when most people least expected it - caught you off-guard.
Otherwise, how market-maker gonna make money???

Looks like it wants to go UP again even current market is down.
Good sign.

Expect it to challenge 0.945 again soon

Profit taking after a strong surge is normal.

Very strong start this morning.

Heading towards the resistant level at 0.96

Full steam ahead!

CCK rebounded from the Ichimuko cloud, breakout from the short-term downtrend line (since 24rd May 2017) at 11.30am today when it went above RM0.91 with high volume.

Expected minor resistant at RM0.945 before testing RM0.96


Fundamental Analysis by CIMB:

CCK Consolidated Holdings Bhd
Sunny side up

■ CCK is Sarawak’s largest poultry player, commanding c.35% market share. Core
■ business in integrated poultry farming. All the products from its integrated supply chain are sold solely through its 57 retail
■ outlets. This is a key advantage, leading to consistent higher margins vs. its peers. Prime beneficiary of urbanisation in East Malaysia. Poised to capitalise on growing
■ demand, through the expansion of its integrated supply chain. Grossly mispriced as a pure poultry stock. CCK should trade above its peers, given
■ the advantages of having a retail arm and captive markets in East Malaysia.

Initiate coverage with an Add.
Our target price is RM1.28, based on 15x CY18F P/E.

Poised for further upside when it breaks 0.92 (breakout from short term downtrend line).

Up and Down very fast.
Good opportunity for savvy traders

Don't miss this boat...

Agree that WD 0.32 should be broken today based on current momentum.

Some Profit taking by retailers on the way up is expected. Up too fast is not good...slow and steady is better.
:D))

One must learn how to "swim with the sharks" to make profit.
:D))