3.88 NEW TARGET BY CIMB

Rose among the thorns


The group's RM2bn-3bn total value of bids for Petronas's Rapid project
and the targeted 20-30% success rate over the next 12 months remain
intact. We believe the group could land 1-2 smaller-/medium-sized
packages before year-end as most awards are due from 2H onwards.
The appeal is Muhibbah's exposure to
oil & gas infrastructure (c.60% of
order book) including Petronas's steel
fabrication jobs. The positive outlook
reflected in the surge in share price
YTD still does not fully reflect these
prospects. We raise our target price as
we apply a lower RNAV discount of
20% (30% before). Maintain Add.
Significant upside potential
for infra order book
Several job awards from the Rapid
projects for contractors have
materialised YTD. We expect more
awards to come through from 2H and
expect Muhibbah to secure 1-2
smaller- and medium- sized packages
as the group's RM2bn-3bn tender
book focuses more on the oil & gas
infra/marine infra segment. Potential
contract wins in the months ahead
should provide significant upside to
the group's infra segment's order book
of RM759m, which makes up 41% of
total group order book of RM1.9bn
(including cranes and shipyard). More
than 60% of the total outstanding
order book is oil & gas related. The
group has the capacity to double its
order book. We expect potential
pretax margins for Muhibbah to be
higher than the typical 4-5% for civil
works’ tenders and should drive an
increase in the group’s infra margin
from the 3-4% in the past several
quarters. This implies upside to our
numbers.
Steel fabrication jobs
Other key drivers to the order book,
apart from Rapid, are the potential
job flows arising from the Offshore
Facilities Construction - Major
Onshore Fabrication licence from
Petronas. A big endorsement for
Muhibbah's steel fabrication
capabilities was the audit and
recognition by Petronas of the group's
57-acre site in Teluk Gong, which has
a capacity of 25k MT p.a. The recent
RM30m maiden award for a central
processing platform (CPP) was a good
start.
Steep discount to RNAV
YTD, the share price has surged 38%,
mainly due to the group's recovery
story, driven by Rapid and a recovery
in interest from foreign investors.
Foreign shareholding stands at 23%,
up from 18% in May 14 and more than
double the levels in 2H13. The stock
trades at a 35% discount to RNAV.

READ CAREFULLY WHAT IS WRITTEN ABOVE-----LIKELY TO COME LATER RATHER THAN SOONER

Running down its order book-----CIMB REPORT,,,TARGET 2.52

The domestic construction upcycle remains intact, but we believe that
the big turnaround in Mudajaya's profitability and job replenishment
outlook is likely to come later rather than sooner. The support to
depleting order book could be in the form of medium-sized jobs in 2H.
Longer-term prospects for job wins
continue to be anchored by highways
and power plants. Its progress in
regional IPPs is positive for recurring
income but unlikely to spark a strong
recovery in sentiment given the size.
Our target price remains pegged to a
40% RNAV discount. We maintain
our Hold rating and advise investors
to switch to Muhibbah.
Less exciting outlook in 2H
We believe sentiment recovery on the
stock could continue to be capped in
the medium term, in view of the
delays in the Indian IPP's commercial
operations, and depleting order book
of less than RM1bn. Although
Mudajaya remains a strong contender
for domestic power plants and
highway construction, we continue to
expect its order book replenishment
prospects to be less exciting in 2H,
compared to other contractors under
our coverage. The group has missed
several tenders YTD, such as the
Track 3A power plant civil works job
that is worth c.RM500m, and the
c.RM300m CCGT power plant in
Rapid. Other potential projects that
could buck the trend are Track 3B
power plant civil works but
competition could be intense. We
think that the only likely win this year
could come from the WCE, likely to be
worth RM400m-500m. Other
potential wins apart from power
plants are unlikely to be sizeable.
Indian IPP only from 2015
Another main dampener to earnings
is the delay in the 1,440MW coal-fired
power plant in India, which is now
expected to begin contribution to
earnings from 2015. This could be
pose a challenge to Mudajaya's overall
net margin, in view of the depleting
order book and the timing risks of
new jobs.
Turnaround later rather than
sooner
The domestic construction upcycle
remains intact, driven by the
Economic Transformation
Programme (ETP), private
sector-driven jobs and oil &
gas-related infra. But we believe that
the big turnaround in Mudajaya's
profitability and job replenishment
outlook is likely to come later rather
than sooner.

Jaks Resources (JAK MK)
Technical BUY with +14.0% potential return
Last price : RM0.73
Target Price : RM0.775, RM0.825
Support : RM0.695
Stop-loss: RM0.69
BUY with a target price of RM0.825 with stoploss
at below RM0.695. Following a steep
correction from the high of RM0.85, JAK has
met support at the 50.0% Fibonacci
retracement level of RM0.695. Share price has
rebounded off the rising trendline and formed a
bullish reversal pattern of “three inside up” on
the back of higher trading volume of 6.0m
shares (vs 10-day average of 3.5m), thus
suggesting a continuation of the previous
uptrend. Given the uptick in RSI, we expect the
growing momentum to lift share price. We peg
our medium-term upside target at the previous
high of RM0.825.
Expected Timeframe: 2 weeks to 2 months

RCE Capital (RCE MK)
Technical BUY with +11.0% potential return
Last price : RM0.36
Target Price : RM0.39, RM0.40
Support : RM0.345
Stop-loss: RM0.34
BUY with a target price of RM0.400 with stoploss
at below RM0.340. From a high of
RM0.39, RCE has fallen to a low of RM0.34
before making a reversal at the crucial 61.8%
Fibonacci Retracement level following a bullish
reversal “Dragonfly doji” pattern on 11 Aug 14.
Yesterday’s gain validated the reversal pattern
as the emergence of fresh buying interest is
reflected in the rise in trading volume. A bullish
crossover between the +DI and ADX line
suggests a stronger uptrend move ahead.
Additionally, an uptick in the RSI indicates a
growing momentum, which should lift share
price. We peg our medium-term upside at the
psychological level of RM0.40.
Expected Timeframe: 2 weeks to 2 months

Scicom MSC (SCIC MK)
Technical BUY with +12.0% potential return
Last price : RM1.08
Target Price : RM1.13, RM1.22
Support : RM1.03
Stop-loss: RM1.02
BUY with a target price of RM1.22 with stoploss
at below RM1.02. Share price has
consolidated within a tight range of RM1.03-
1.09 over the past 24-days. However, we note
a gradual increase in buying interest following
a positive closing above the BBI line and
positive readings in both the RSI and MACD. A
breakout above RM1.09 would create a new
up-leg. We peg our upside target at 1.38x
Fibonacci extension level of RM1.22 over the
medium term.
Expected Timeframe: 2 weeks to 2 months

SYF Resources (SYF MK) -
Technical BUY on breakout with +19.0%
potential return
Last price : RM1.16 (Entry:RM1.21)
Target Price : RM1.32, RM1.45
Support : RM1.15
Stop-loss: RM1.13
BUY on breakout of RM1.21 with a target price of RM1.45 and
stop-loss at below RM1.13. Following a pullback from the high of
RM1.32, SYF has consolidated lower and established a strong
support at RM1.15 in the past 10 weeks. Despite still treading
sideways, a few accumulation phases can be observed with the
slight spike in trading volume since 18 Jun 14. The RSI line has
rebounded twice from the 50pt threshold level, which signals the
selling pressure has been absorbed. As SYF approaches the
“cloud”, we expect the breakout from the recent high of RM1.20
should kick-start a new up-leg and the stock would resume its longterm
uptrend bias. Initiate a buy then with a medium-term target
peg at RM1.45.

 Proposing a private placement to improve gearing level and for expansion.
SYF recently proposed a private placement which could raise up to RM31m. The
proceeds will be used to repay borrowings (60%), factory construction (19%) and for
working capital (18%). Its net gearing level will be reduced to 18%, from 32%,
assuming it pares down RM19m loans as proposed in its announcement.
 M&A could be a wild card. While management would continue to grow its furniture
business organically, we gather a potential M&A to grow the company’s downstream
capacity is on the cards. Given the company’s healthy operating cash flow of
RM4m-6m per year and low gearing, we view any potential M&A would not affect
the company’s short-term solvency and liquidity.
 More than meets the eye. SYF’s largest shareholder, Ng Ah Chai, currently owns
57% stake in SYF. He has held the position of CEO since 2005 and had previously
been involved in the timber related business since 1985. Meanwhile, Dato’ Sri Chee
Hong Leong, who has wide experience in property development is SYF’s 2nd largest
shareholder with a 12% stake in the company. Interestingly, Dato Thong Kok Khee,
the major shareholder of Insas Bhd, has emerged as the third largest shareholder,
after acquiring 27.5m shares (10%) on 18 June in an off-market transaction. We
understand that the purpose of this exercise is to help the company meet its public
shareholding requirement.

 Expecting earnings CAGR of 23% for furniture division in FY14-17. SYF’s
upstream segment has an annual production capacity of 100,000m3, with one-third
of its products destined for in-house downstream consumption. The company’s selfsufficiency
in meeting its in-house demand and the geographical proximity between
both its upstream and downstream facilities (in Semenyih, Selangor) allow the
company to achieve better cost efficiency and competitiveness vs peers.
Furthermore, as an integrated player, SYF is less vulnerable to exchange rate
volatility as compared to pure downstream players who are typically more exportoriented
and transactions are denominated in the US$. Earnings contribution from
the furniture division is expected at RM10m in FY14 and thereafter to grow by a
projected CAGR of 23% in FY14-17, driven by higher product penetration into
export markets (SYF’s upstream products are mainly sold locally currently) and
higher sales of downstream products due to a global market recovery.
 Expecting maiden bottom line contribution from particle board segment this
year. To extract the maximum value from its rubber wood raw material in the
upstream segment, SYF has ventured into particle board manufacturing and
invested RM30m to construct a new plant in Gemas, Negeri Sembilan, last year.
The plant commenced operations in end-13 and is expected to turn profitable with
FY14 bottom-line contribution estimated at RM1m-2m (vs a loss of RM1.4m in
9MFY14). While earnings contribution from this segment would be minimal, we
understand that the company is in the midst of setting up a second plant to
manufacture medium-density fibreboard (MDF) that will double its boards lift
production capacity by 2HFY16. We expect positive synergy from this expansion as
waste products from its upstream processing operations (mainly saw mill) are fed in
as the main raw material for the manufacturing of particle boards, allowing the
company to convert wastage into a new revenue stream. Bottom-line contribution
from this division is expected at RM6m-7m by FY16 and thereafter, increase to an
estimated RM9m in FY17 with the full commissioning of the second plant (assuming
average utilisation rate of 80%).
 Property division: Growing from strength to strength. Through a 80:20 JV basis
(SYF, being the developer, is entitled to 80% of the GDV while the land owner JV
partner owns the remaining 20% GDV), SYF’s maiden Hi-Tech 5 industrial factory
project is on track for completion by next month while its second project, Hi-Tech 6,
had been fully taken up and is slated to complete in Dec 14. While SYF is relatively
new in property development, its JV partner has experience in the industry. We view
such JV model suits SYF’s profile as the company does not have a sizeable
landbank for development. Although the sustainability of the property development
business could be a concern, we understand SYF has a strong working partnership
with its landbank-rich JV partner and it has just recently announced another new JV
project (RM160m GDV).
 Closer look at its upcoming property development projects. Through a JV, SYF
intends to develop a 5-acre site in Semenyih, which is strategically located 3km
away from University of Nottingham. The integrated development, Kiara Plaza,
consists of 304 apartments, 459 SOHO units, 56 retail outlets and 12 shop offices
worth a collective GDV of RM325m. Management guided that about 50% of the
retail outlets, which are priced at RM1.1m/unit, are booked. We also understand that
the company will do a 3+2 years leaseback agreement to control tenancy mix. The
site is currently undergoing piling works and the company will launch the SOHO
units by this year-end. Assuming a 22-25% net margin and 80% stake, we estimate
this project to generate RM57m-65m net profit over the next four years. In addition,
SYF will also be launching a residential project at Sungai Long (RM80m GDV) by
the end of this year. We estimate this project to generate RM14m-16m over three
year, based on similar net margin assumption and equity sharing structure. From
FY14, the group’s property division is expected to contribute 40-50% of SYF’s net
profit.

MONEY TALK
SYF RESOURCES (SYF MK)
Re-strategising Its Business Direction
A furniture manufacturer, SYF Resources marked a significant return to profitability in
FY12 (after five years of consecutive losses). In 9MFY14, it chalked an impressive 47%
yoy growth in net profit to RM16m. Its pro-active strategies in expanding upstream
capacity (manufacturing of furniture materials) and the upcoming launches of two
property development projects (GDV of more than RM400m) could double its earnings
over the next four years (earnings CAGR of 20-23% in FY14-18). Management is
expected to deliver FY15 and FY16 net profit of RM34m-36m and RM42m-45m
respectively. SYF’s current valuation of 7-8x FY16F PE is in line with the industry.
However, the stock could trade up to RM1.52-1.63 (based on 10x 2016F PE) as our
channel checks suggest that a value-accretive M&A could take place within its furniture
segment over the next 6-12 months.
KEY HIGHLIGHTS
 Re-strategised its business direction. SYF is a furniture company traditionally
focused on downstream manufacturing. But it has re-strategised to strengthen its
upstream segment, following weak demand for furniture exports during the 2008-10
global financial crisis. Progressive expansion and upgrading of its upstream facilities
(sawmilling and kiln drying facilities) over the past few years has transformed the
company into one of the major players in upstream furniture materials.
Management’s decision to venture into property development (through JV basis) in
2012 was also the company’s key turning point. With its first RM84m GDV industrial
factory development project in Semenyih, the property division currently contributes
50-55% of SYF’s bottom line. Moving forward, we do see great potential from these
two core businesses as the company’s furniture capacity is still in an expansion
mode and there are property development projects (more than RM400m GDV) to be
launched soon. The company also recently announced a new property development
project (RM160m GDV) but this project will only start to contribute from FY17
onwards.

uob kay hian report today on sunsuria

 Below expectations. Sunsuria reported 1QFY15 revenue of RM18.3m (-18.3% qoq, +>100% yoy) and net profit of RM1.3m (-45.5%
qoq, +100% yoy). Net profit came in at 7.1% of our FY15 net profit forecast due to the lower progress billings at its Trivio Project.
However, we expect stronger earnings in the subsequent quarters as the Trivio project would be completed soon and there should be
significant progress billings in the subsequent quarters.
 EBIT margins from the property division improved. The property development segment reported an EBIT margin of 22.3% (4QFY14:
18.5%). We expect property development margins to improve to about 25% in the next quarter.
COMMENTS
 Investors should revisit the stock in 1Q15. Recall that Sunsuria delayed its plans to acquire landbanks owned by Sunsuria
Development Sdn Bhd. Despite the indefinite delay, the company is still considering the acquisition of assets that were earlier identified
in the HOA, which include the Xiamen University Township, Sunsuria Medini development and Sunsuria 7th Avenue development. We
understand that indicatively, the company is targeting to undertake the acquisition of these assets in 1Q15.
 Updates on current property developments. In 4Q13, the company acquired two developments, mainly the Trivio development
which is currently about 59% completed and is expected to be completed by Dec 14. We understand the other landbank that was
acquired, dubbed Suria Residence, is targeted to be launched in 3Q14 and will offer high-rise residential components.
RECOMMENDATION
 Maintain HOLD and target price of RM1.45, based on a 50% discount to our SOTP valuation of RM3.90/share. Although the
acquisition of the assets would transpire eventually, we believe share price would only re-rate towards 1Q15 when the timeline to the
acquisition draws near. Entry price is RM1.25.

CAN IT GO HIGHER MORE,,OR ALREADY REACH THE PEAK

GIVE SOME REASONS PLEASE

why trend lower????????????

good company

Changes in Director's Interest (S135)

Tuesday, 12 Aug 2014

6:56PM PMETAL-LA Tuan Haji Mohamad Faiz Bin Abdul Hamid (45,093 units Transacted)
6:55PM PMETAL Tuan Haji Mohamad Faiz Bin Abdul Hamid (45,093 units Transacted)
6:44PM RAPID DATO' DR YU KUAN CHON (300,000 units Acquired)
6:27PM NOTION Choo Wing Hong (21,700 units Disposed)
6:25PM APFT Dato' Faruk Bin Othman (7,000,000 units Transferred)
6:25PM APFT Arif Bin Faruk (7,000,000 units Transferred)
6:15PM PMETAL Dato' (Dr.) Megat Abdul Rahman Bin Megat Ahmad (5,000 units Disposed)
5:52PM SALCON Ho Tet Shin (20,000 units Disposed)
5:41PM DIGISTA Mejar (K) Datuk Wira Lee Wah Chong (111,400 units Acquired)
5:41PM SEACERA Datuk Mansor Bin Masikon (240,000 units Transacted)
5:41PM KOMARK TAN KWE HEE (14,500 units Acquired)
5:41PM PWROOT Dato' How Say Swee (91,000 units Acquired)
5:35PM YNHPROP Dato' Yu Kuan Huat (80,000 units Acquired)
5:35PM YNHPROP Dato' Dr Yu Kuan Chon (80,000 units Acquired)
5:08PM INARI Dato' Thong Kok Khee (100,000 units Disposed)
1:27PM JOHOTIN-WA Lim Hun Swee (55,400 units Disposed)
12:43PM KPSCB Koh Poh Seng (20,000 units Acquired)

Changes in Director's Interest (S135)

Tuesday, 12 Aug 2014

6:56PM PMETAL-LA Tuan Haji Mohamad Faiz Bin Abdul Hamid (45,093 units Transacted)
6:55PM PMETAL Tuan Haji Mohamad Faiz Bin Abdul Hamid (45,093 units Transacted)
6:44PM RAPID DATO' DR YU KUAN CHON (300,000 units Acquired)
6:27PM NOTION Choo Wing Hong (21,700 units Disposed)
6:25PM APFT Dato' Faruk Bin Othman (7,000,000 units Transferred)
6:25PM APFT Arif Bin Faruk (7,000,000 units Transferred)
6:15PM PMETAL Dato' (Dr.) Megat Abdul Rahman Bin Megat Ahmad (5,000 units Disposed)
5:52PM SALCON Ho Tet Shin (20,000 units Disposed)
5:41PM DIGISTA Mejar (K) Datuk Wira Lee Wah Chong (111,400 units Acquired)
5:41PM SEACERA Datuk Mansor Bin Masikon (240,000 units Transacted)
5:41PM KOMARK TAN KWE HEE (14,500 units Acquired)
5:41PM PWROOT Dato' How Say Swee (91,000 units Acquired)
5:35PM YNHPROP Dato' Yu Kuan Huat (80,000 units Acquired)
5:35PM YNHPROP Dato' Dr Yu Kuan Chon (80,000 units Acquired)
5:08PM INARI Dato' Thong Kok Khee (100,000 units Disposed)
1:27PM JOHOTIN-WA Lim Hun Swee (55,400 units Disposed)
12:43PM KPSCB Koh Poh Seng (20,000 units Acquired)

12:43PM KPSCB Koh Poh Seng (20,000 units Acquired)

WATCHING THIS GUY BUYING IN THE PAST FEW DAYS...WHO IS HE ???????

Changes in Director's Interest (S135)

Tuesday, 12 Aug 2014
6:56PM PMETAL-LA Tuan Haji Mohamad Faiz Bin Abdul Hamid (45,093 units Transacted)
6:55PM PMETAL Tuan Haji Mohamad Faiz Bin Abdul Hamid (45,093 units Transacted)
6:44PM RAPID DATO' DR YU KUAN CHON (300,000 units Acquired)
6:27PM NOTION Choo Wing Hong (21,700 units Disposed)
6:25PM APFT Dato' Faruk Bin Othman (7,000,000 units Transferred)
6:25PM APFT Arif Bin Faruk (7,000,000 units Transferred)
6:15PM PMETAL Dato' (Dr.) Megat Abdul Rahman Bin Megat Ahmad (5,000 units Disposed)
5:52PM SALCON Ho Tet Shin (20,000 units Disposed)
5:41PM DIGISTA Mejar (K) Datuk Wira Lee Wah Chong (111,400 units Acquired)
5:41PM SEACERA Datuk Mansor Bin Masikon (240,000 units Transacted)
5:41PM KOMARK TAN KWE HEE (14,500 units Acquired)
5:41PM PWROOT Dato' How Say Swee (91,000 units Acquired)
5:35PM YNHPROP Dato' Yu Kuan Huat (80,000 units Acquired)
5:35PM YNHPROP Dato' Dr Yu Kuan Chon (80,000 units Acquired)
5:08PM INARI Dato' Thong Kok Khee (100,000 units Disposed)
1:27PM JOHOTIN-WA Lim Hun Swee (55,400 units Disposed)
12:43PM KPSCB Koh Poh Seng (20,000 units Acquired)

5:13PM KNM Employees Provident Fund Board (4,574,100 units Acquired)

advice to newbies,,,be carefull market is overbought badly

VT is a great crook,,maybe taking out money from this BJ CORP counter and feeding other counters of his listed companies... a real crook

FIRST KHAZANAH SHOULD DO IS TRIM THE SALARY OF TECHNICAL ENGINEERING EXECUTIVES, BLINDLY THIS IDIOTS ARE GETTING TECHNICAL ALLOWANCES OF RM 3000 A MONTH... THIS IS A REAL STUPIDITY... THEY ARE JUST SITTING DOWN IN THE OFFICE AND EARNING THIS BLINDLY.. ACTUALLY THIS ALLOWANCES, CALLED TECHNICAL ALLOWANCES SHOULD BE GIVEN TO FIELD TECHNICAL ENGINEERING STAFFS, WHO ARE DIRECTLY INVOLVE IN THE MAINTANANCE OF AIRCRAFT... THIS ALLOWANCES IS NOT FOR THOSE WHO ARE SITTING IN OFFICE..

WHY MUST HIDE NOW

WHAT IS VITAL NOW, IS HE MUST BE AVAILABLE NOW...WHY SO QUILTY

StemLife (STEM MK)
Technical BUY with +14.0% potential return
Last price : RM0.525
Target Price : RM0.56, RM0.60
Support : RM0.50
Stop-loss: RM0.495
BUY with a target price of RM0.60 with stoploss
at below RM0.495. Following a breakout
from the BBI line on 16 Jul 14, STEM climbed
to a new high of RM0.56 before profit taking
dragged it down towards the immediate
support of RM0.50. However, there seems to
be strong accumulation amid the long-shadow
in the candlestick as share price tested the
support. We opine that the rising trading
volume and momentum should push share
price higher which looks set to resume its
previous uptrend. We peg our target at the
psychological resistance of RM0.60 over the
medium term.
Expected Timeframe: 2 weeks to 2 months

Evergreen Fibreboard
(EVFI MK)
Technical BUY with +13.4% potential return
Last price : RM0.60
Target Price : RM0.65, RM0.705
Support : RM0.57
Stop-loss: RM0.565
BUY with a target price of RM0.705 with stoploss
at below RM0.565. Following a long
consolidation in the form of “rounding bottom”
in the past 14 weeks, EVFI has broken out of
the pattern to register a new high of RM0.62
before making a “return move” to the
immediate support of RM0.57. As the share
price rebounded off the BBI line (Bullish-
Bearish-Indicator) after yesterday’s positive
closing, EVFI is ready to retest the previous
high and resume its uptrend. Moreover, the
rising momentum as flashed by an uptick in the
RSI should lift share price in the near term. We
peg our medium-term target based on X-to-X
price projection of the “rounding bottom”
pattern.
Expected Timeframe: 2 weeks to 2 months

GD Express Carrier
(GDX MK)
Technical BUY with +14.0% potential return
Last price : RM2.12
Target Price : RM2.25, RM2.43
Support : RM2.08
Stop-loss: RM2.04
BUY with a target price of RM2.43 with stoploss
at below RM2.04. Following a gradual
decline from the high of RM2.20, the stock has
established a support at RM2.08. Despite the
decline in the overall market last Friday, GDX
formed a bullish reversal “hammer” pattern
after a positive closing yesterday, suggesting
an end to the recent correction. Given the
rebound in the “cloud” on the back of rising
momentum as shown by a bullish crossover in
the Stochastics, we expect GDX to climb
higher as the creation of the new up-leg is
likely to set a bullish tone from here onwards.
We peg our upside target at 1.38x Fibonacci
extension level of RM2.43.
Expected Timeframe: 3 weeks to 3 months

uncle k, mesti di panggang macam satay kajang...sekarang dia sudah LARI..

Post removed.Why?

Post removed.Why?

Post removed.Why?

ALL RESEARCH HOUSES ARE NOT UPGRADING THIS SECTOR STRONGLY

WHERE IS UNCLE K ????????????????????????????????

this counter is a long term recovery

Greenyield (GREE MK)
Technical BUY on weakness with +23.0%
potential return
Last price : RM0.345 (RM0.315~RM0.335)
Target Price : RM0.37, RM0.40
Support : RM0.325
Stop-loss: RM0.305
BUY on weakness with a target price of
RM0.40 and stop-loss at below RM0.305.
Despite recording a new high last Thursday,
swift profit taking has hit share price. Against
the backdrop of a weaker market, we expect
another round of profit taking, in line with a
weaker momentum as shown in the RSI.
However, as the stock remains in an uptrend, a
minor pullback could give us opportunities to
accumulate at lower prices, thus lowering
overall risk. We recommend investors to buy
within RM0.315-0.335 with expectation that
GREE would resume its uptrend once selling
pressure eases. Upside target is pegged at the
psychological support of RM0.40.
Expected Timeframe: 2 weeks to 3 months

SYF Resources (SYF MK)
Technical BUY on breakout with +19.0%
potential return
Last price : RM1.16 (Entry:RM1.21)
Target Price : RM1.32, RM1.45
Support : RM1.15
Stop-loss: RM1.13
BUY on breakout of RM1.21 with a target price
of RM1.45 and stop-loss at below RM1.13.
Following a pullback from the high of RM1.32,
SYF has consolidated lower and established a
strong support at RM1.15 in the past 10 weeks.
Despite still treading sideways, a few
accumulation phases can be observed with the
slight spike in trading volume since 18 Jun 14.
The RSI line has rebounded twice from the
50pt threshold level, which signals the selling
pressure has been absorbed. As SYF
approaches the “cloud”, we expect the
breakout from the recent high of RM1.20
should kick-start a new up-leg and the stock
would resume its long-term uptrend bias.
Initiate a buy then with a medium-term target
peg at RM1.45.
Expected Timeframe: 2 weeks to 2 months

Prestariang (PRES MK)
Take profit. Technical SELL with +10.0%
potential downside
Last price : RM2.20
Target Price : RM2.12, RM2.00
Resistance: RM2.41
Stop-loss: RM2.42
SELL with a target price of RM2.00 with stoploss
at above RM2.42. Following our earlier
BUY call on 23 Jun 14 at RM1.91, PRES has
hit our initial target price of RM2.27 and made
a new high of RM2.41. Despite our intention to
ride the uptrend, PRES has showed
exhaustion, given the 21-sen decline from the
recent high. The negative closing below the
21-day EMA line signifies a weaker downtrend
ahead. Additionally, the downtick in the both
ADX and +DI while an uptick in the –DI signal
a fragile uptrend. As such, we recommend
taking profit to protect the initial gains. We
expect PRES to retest the psychological
support of RM2.00 in the near term.
Expected Timeframe: 1 week to 1 month

FRIDAY 8TH AUGUST NEWS

· Datasonic’s Chew increases holdings in ICT provider
Datasonic Group Bhd deputy managing director Chew Ben Ben has
increased his holdings in the information and communications
technology solutions (ICT) provider to a direct interest of 12.4% or
166.5m shares. Chew acquired 5.5m shares at RM1.8 per share from
the open market. Chew’s indirect interest in Datasonic remains at
10.6%. Meanwhile, Datasonic’s major shareholder Dibena Enterprise
Sdn Bhd disposed of 5.5m shares on the open market, for RM1.8
apiece. (The Edge)

WILL THE UPTREND CONTINUE ON THIS STOCK

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PWROOT (7237) forming descending triangle pattern...Will it rebound @ RM2.15 support level ?


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Will K1 (0111) rebound from RM0.40 support level ?

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MAS (3786) ready to breakout the ascending triangle resistance..

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Superbull counter, IFCAMSC (0023) start retrace down ...

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"A nice bull run of VS (6963)..."

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