If the volume is <100,000 shares, does the technical chart still have any meaning?

24/03/2014 1.35 1.28 - 1.40 1.40 +0.06 (4.48%) 788,100
21/03/2014 1.45 1.34 - 1.48 1.34 -0.14 (9.46%) 2,055,300
20/03/2014 1.41 1.41 - 1.48 1.48 +0.06 (4.23%) 640,500
19/03/2014 1.40 1.40 - 1.42 1.42 +0.02 (1.43%) 250,900
18/03/2014 1.39 1.38 - 1.42 1.40 +0.01 (0.72%) 361,500
17/03/2014 1.38 1.38 - 1.43 1.39 -0.01 (0.71%) 172,000
14/03/2014 1.38 1.38 - 1.40 1.40 -0.03 (2.10%) 104,400
13/03/2014 1.42 1.37 - 1.44 1.43 +0.01 (0.70%) 479,600
12/03/2014 1.39 1.36 - 1.42 1.42 +0.03 (2.16%) 597,500
11/03/2014 1.41 1.37 - 1.42 1.39 -0.02 (1.42%) 543,100
10/03/2014 1.38 1.37 - 1.42 1.41 +0.04 (2.92%) 1,280,600
07/03/2014 1.32 1.32 - 1.37 1.37 +0.07 (5.38%) 998,000
06/03/2014 1.27 1.27 - 1.32 1.30 +0.04 (3.17%) 1,030,400
05/03/2014 1.26 1.26 - 1.28 1.26 +0.01 (0.80%) 488,000
04/03/2014 1.19 1.19 - 1.25 1.25 +0.06 (5.04%) 472,700
03/03/2014 1.21 1.17 - 1.23 1.19 -0.04 (3.25%) 700,600

How to explain this kind of stock by technical analysis? Until now only 10,100 shares done whereas yesterday was 788,000 and Friday was 2,055,100 shares done.

It may go up again after correction, BUT it must also be supported by fundamental. Looking at the result and the general rubber wood furniture markets, I am afraid there may not be any more encouraging factors to spur up the price

...go and read the announcement of WA to WB lah

So adamant.....I give up!

True, but half true again. Warrant holders can have the bonus shares only on 2 conditions :

1) Tender the warrant and pay the strike price $1.00 per share, AND
2) If the Entitlement Date of the bonus share falls before you have done (1) above.

Posted by Ooi Teik Bee > Mar 20, 2014 01:44 PM | Report Abuse
That good news is stock-positive for mother but not the son
Ans : The only answer to this news is declare dividend because Warrant is not entitled to dividend.
To me, dividend is only bonus to my investment strategy. I prefer capital gain rather than a dividend.
Thank you

Smart Ooi Teik Bee, but not fully smart. What about Bonus Issue?
Warrant holders are NOT entitled to bonus issue as well

Hevea-WB looks vulnerable because of the sudden diminishing volume from yesterday 3m units. Perhaps this fried rice really cannot eat one

Because that is the last thing that is holding them back.

Johnnycash, your $1.72 short term tp is looking a lot possible NOW.

If it is true a dividend is forthcoming, all those who are wary because of the high debt level will jump in to buy and chase up the price.

Hevea declaring dividend? That is long time ago they paid a dividend. The fact that Hevea is paying a dividend now would simply mean that they have finally managed to put the old problem of debts behind them. It is not unreasonable given the way they pay down the debt by almost $25m every year since 2009. Kudos the management of Hevea!

Posted by sangharimau > Mar 14, 2014 11:09 AM | Report Abuse
We refer to the announcements dated 3 January 2014 and 3 October 2013 on the above matter. The terms herein shall bear the same meaning as defined in the said announcements.
The Board of Directors wishes to inform that the Company and Black Sea have mutually agreed to extend the MOU to 3 May 2014.
Further announcement on any material development will be made as and when appropriate.
This announcement is dated 13 March 2014.

It is not even a fresh MOU but a SECOND extension of an old MOU signed on 3/10/2013. Aiyoh

Plenty of such companies around. With traded volume!

Do not trade this stock. Today's big volume is because of interna churning to transfer shares. Buy now and you will get caught for a long long time.

Where is the big and long time promoter of MQ, JCool?
He himself has thrown in the towel, LOL

With no concrete clues surfacing in the search for Malaysia Airlines flight MH370, a daily has reported a theory that Malaysian authorities may know where the plane is but are withholding information to protect its satellite capabilities, cover up mistakes or avoid tipping off interested parties.

The theory is one of several contained in a Washington Post article as search for the missing Boeing 777-200ER (9M-MRO) and the 239 people on board enters the 13th day.

"We’re dealing with military organisations, and they don’t want to tell you, and especially they don’t want to tell you if it looks like they really screwed up," Hans Weber, a San Diego-based aviation consultant, was quoted as saying in the article.

"The military doesn’t want to look bad in its own country. I think there is a lot of incentive for the militaries there to not come clean.

However, the article said there is no evidence that anyone knows where the plane is, while pressure is building up from grieving families of the passengers and crew on board for an answer. – March 20, 2014.

Perhaps will only chase once volume exceeds 5m a day and the price is >0.55

Is this not typical of an arrogant and deceitful government? Many overseas countries have been commenting about the poor response to the entire MH370 search process.
The lack of intelligent comment and disjointed handling is typical of a dictatorial government which have ruled uninterrupted for 50 years. In such situations, they are not used to be answerable to anyone except themselves.

Through the international dimension of this tragedy, the shortcomings of their rule are being exposed under the full glare of the global media and I'm afraid they are found wanting.

It looks like the country has been constantly evolving from being Bolehland to Bomohland to Slumberland to Blunderland. What next?

Sympathy for the MH370 tragedy has given way to anger at the officials who are so inept in managing the crisis: far too many flip-flops, U-turns and about-turns.

Had all this happened in Japan, the officials would have committed ‘harakiri’ by now.

Yes, Latitud looks tired now. Should change horse

PE at 9.39x based on 1.39, highest among furniture stock now. Also trading near NTA of 1.47. Full evaluation, please consider a sell

Strong sign of accumulation

Chef Wan, don't complain if your nasi lemak served onboard now come wrapped with old newspaper because after this crash MAS will suffer a big exodus of scared passengers and loyalists as it is struggling to even stay afloat

Hi ulutrader, among the pack, Latitud is indisputably the best here. Hevea has a high debt level overhang (nevertheless the management has done a good job in reducing this concern by almost $25m every year since 2010) while Liihen has a legal hot potato at hands, the outcome of which is unpredictable and can be devastating if the apex court ultimately ruled against Liihen.

Thus, Hevea is a much better buy than Liihen given the CLARITY among these two here.

Pohuat
14/2 1.17 1,220,100
17/2 1.24 2,248,400
18/2 1.25 625,700
19/2 1.30 681,600

Hevea
14/2 1.17 802,500
17/2 1.20 1,231,700
18/2 1.26 3,768,500
19/2 1.30 2,299,500

In terms of shares price, both have risen from 1.17 to 1.30 within the same period. However, on 19/2 Hevea has touched an intraday high of 1.32 whilst Pohuat only 'touchNgo' 1.30 at the closing bell with few thousand shares done, a clear signal on the existence of a market maker or someone with an ulterior motive to close the stock high.

The traded volumes of both stock tell a different story. Pohuat shows a declining traded volume whilst Hevea is on an escalating traded volume trajectory. Please don't forget Hevea also has another Hevea-WB listed with an equally impressive traded volume, with 2,165,600 warrants traded just today alone. Moreover, Hevea has been trading with an average of >1m shares everyday since 28/1.

In summary, purely speaking on market observation ground, Hevea is definitely having more market participation by investors/punters alike than Pohuat. As a matter of fact, this morning's trading on Pohuat was very lukewarm before it finally picked up steam, when the sector leader Latitud put up an impressive show.

POHUAT owners have no choice because the little tempest in the teacup happened between them and the "operator", so they have to buy back all the shares.

Although the Yoongs have been selling some shares (hardly 500,000 shares all in) but they have stopped doing so of late, despite the increased traded volume. That mean last month's selling by the Yoongs are more of an internal shareholdings reorganization or reshuffling and not the perceived "cashing out" by some forummers here, judging by the insignificant number of shares disposed. This is further reinforced by the fact that the Q4 result will be announced by this 25th (as hinted by 1Mtalkingkangkung) and the Yoongs knew fully well that the numbers are glass-smashing, hence the stop in selling.

All furniture stocks have doubled in their respective market price since September 2013. The only lame and exceptional one is Liihen which showed a gain of only 20+ sen to date. If we are to compare a longer period of 12 months, it actually retraced 20+ sen from its 2013 high of 1.99. It's daily traded volume looked so paltry and insignificant when put side by side with all the furniture stocks. The legal problem lingering over Liihen must be the main reason investors are shunning this stock.

Why Liihen is a Kuda kepang?

That Big Shark talkrealreal mentioned won't let it dip under 0.60

Although the debt situation is improving over the last few years, still the outstanding debt load of almost $90m doesn't warrant a dividend payment if prudent cash management is strictly to be adhered to, although as a shareholder I very much like to receive one. Perhaps in another year or so a dividend payout may be possible provided that the present rate of paying down the debt can be maintained.

Big shark eating Sushi Punters now (instead of sushi platter)

RM2 ? Mimpi

Any idea who the big shark is?

Posted by Ooi Teik Bee > Feb 11, 2014 11:26 AM | Report Abuse
Posted by 1MtalkingKangkung > Jan 16, 2014 04:33 PM | Report Abuse
OTB, I am an ex-Merchant banker. My word is my bond.
Ans : I trust his words. Buy.
Thank you.

From the chat of Ooi Teik Bee, the ex-MB must be 1mtalkingkangkung

No problem, $8 only to prove a point

You see or not? Wake up!

Now I am going to sell the 100 shares at 0.72.

Not true. I just bought 100 shares at 0.73 to prove to you that Bursa system has no problem. 47 minutes now and only my 100 tester shares was done. Still don't believe the big sharks have distributed ? Then you are harping irrationally

20 minutes into the trade still zero transaction. Wondering why? Syndicate distributed shares in the last two days!

Tambun Indah Land Bhd, a leading property developer in mainland Penang, expects recurring income starting next year from its 43.3-hectare business park project in Simpang Ampat. Managing Director Teh Kiak Seng said the park at Pearl City, its flagship township

Scomi Energy Services Bhd (formerly known as Scomi Marine Bhd) (SESB) has clinched a RM195 million contract from PTTEP Siam Limited (PTTEPS) and PTTEP International Limited (PTTEPI), it was announced today

The property developer’s recent decision to pay RM2.7 million a year to its own founder and major shareholder in a short-term advisory role has raised eyebrows. Especially when his CEO daughter gets just RM295,000 a year.

Simple mah, bcos LKY is a tan sri so must eat and drink better also.....? (shit also smell good ????) The daughter as a CEO although is cheap at $295k a year, but cannot perform, free also no use right...?

Yesterday up this forum so busy....all singing good opinion.....today what happened....?

Relax....sure up one....

Tar choh choh, just bought 40k at 1.18

Volumes look good, wonder afternoon can maintain the pace?

Ah, tayar ponchet already

Haha, jenny6888 is waiting to see if he is a goreng chef or a sinkarlin in Homeriz thread by the close of trading today

dead long time ago