habis lo haliluyah

2.40 getting worst now

titus crash landing. Abyone buying more? Drop because MD announce all highway sort of approved except KIDEX........& mudajaya is tie to kidex


do you have the link to this info?? thanks

looks like failure of getting kidex project,,mudamati lo this time

small cap index crosses 18,000,,,bull run started

Post removed.Why?

QL Resources (QLG MK)
Technical BUY with +16.4% potential return
Last price : RM3.35
Target Price : RM3.68, RM3.90
Support : RM3.18
Stop-loss: RM3.15
BUY with a target price of RM3.90 with stop
loss at below RM3.15. Share price has
rebounded off the rising trendline from the low
of RM3.02 before staging a steady recovery
over the past six weeks. Yesterday’s breakout
above the 52-week high on the back of a
higher trading volume of 1.9m shares (vs 20-
day average of 0.66m) may signal a new upleg.
A bullish crossover in the stochastics and
an uptick in the RSI suggest strong
momentum. As such, we expect share price to
move higher and resume the long-term uptrend
run. We peg our short-term target price at
1.38x Fibonacci extension level, or RM3.68,
which if breached, should prolong the upward
movement towards the 1.61x Fibonacci
extension level of RM3.90.

K-One Technology
(KONE MK)
Technical BUY with +16.5% potential return
Last price : RM0.425
Target Price : RM0.445, RM0.495
Support : RM0.40
Stop-loss: RM0.39
BUY with a target price of RM0.385 with stop
loss at below RM0.39. Since our BUY call at
RM0.40 on 9 Jun 14, share price has climbed
along the 7-day and 21-day EMA lines while
forming a series of higher highs and higher
lows as well. Yesterday’s gain was the
outcome of a bullish reversal of an “engulfing”
pattern after selling pressure eased amid a
dwindling in trading volume. A spike in trading
volume yesterday suggests renewed buying
interest, which may spur the stock upwards. A
bullish crossover in the stochastics and a
potential crossover between +Di and the ADX
line indicates a gradual surge in the uptrend
momentum. We expect the stock to retest the
immediate resistance of RM0.445. Our
medium-term target price is pegged at 1.38x
Fibonacci extension level of RM0.495.

Hiap Tek Ventures (HTVB MK)
Technical BUY with +13.4% potential return
Last price : RM0.745
Target Price : RM0.78, RM0.845
Support : RM0.70
Stop-loss: RM0.70
BUY with a target price of RM0.845 with stop
loss at below RM0.70. Share price has
retraced from the high of RM0.845 within the
parallel price channel in the past 10 weeks.
Yesterday’s gap-up to above the price channel
sets a bullish tone, which signifies an end to
the current correction and kick starts a new upleg.
The breakout was accompanied by a
higher trading volume of 2.2m shares (vs 20-
day average of 0.44m), indicating a presence
of fresh buying interest. The histogram in the
MACD has reacted positively while the bullish
crossover in the stochastics suggest growing
momentum. A positive closing above a
potential “golden crossover between the 10-
day and 21-day SMA would likely ensure an
upward continuation from here. We peg our
medium-term target at the previous high of
RM0.845.

which of the stocks you think always is having some FA breaking news??? so far i can think of SAPURA KENCHANA, and CMSB???? how about other mid or small caps ones, any oppinion from your side??? with the most FA news???

please name down some mid caps companies, that is having above mention criterias???? i mean exact one defficult to find,,but some nearer ones?? future more FA news coming for this stocks

please do not go near this counter

Four guidelines have been drawn up to check the abuse of subsidised petrol and
diesel nationwide. Domestic Trade, Cooperative and Consumerism Ministry
(KPDNKK) secretary-general Datuk Seri Alias Ahmad said, firstly, supply for
each kiosk in the east coast of Sabah would be limited to 600,000 litres of fuel
monthly from Jul 1.
 "Each of the 72 stations will only get 600,000 litres of diesel and petrol
monthly in the light of rampant smugglings," he said. Secondly, he said
KPDNKK would decide the quota and approval of subsidised fuels for each
petrol station, and not the oil and gas companies, from Aug 1.
"The second step is mandatory for all stations and they must submit a
monthly sale report to the state KPDNKK for diesel and petrol RON 95," he
said.
 Thirdly, he said all tankers transporting subsidised fuels must be painted
blue with the words 'minyak subsidi' in large letters from Jan 1, 2015.
 Fourthly, Alias said the ministry had decided to impose a condition on
applications for additional special quotas to flipcards which were used for
school bus, express bus, mini bus, state bus, rented car, taxi and ambulance.
(Bernama)

YNH Property (YNH MK)
Technical BUY with +19.6% potential return
Last price : RM1.99
Target Price : RM2.13, RM2.38
Support : RM1.91
Stop-loss: RM1.90
BUY with a target price of RM2.38 with stop
loss at below RM1.90. Since our BUY call on
11 Apr 14 at RM1.90, share price has
remained in an uptrend, consistently trading
along the “cloud” in the past six months. Albeit
recent failure to breach the psychological
resistance of RM2.00, we expect YNH to made
another attempt in the near term as positive
signals have been flashed in three indicators.
An uptick in the RSI and a bullish crossover in
the MACD signify a strong momentum, which
is likely to boost the share price in the near
term. Additionally, both the “tenkan” and “kijun”
lines are about to converge while an uptick in
the “chikou” may lead to an upward followthrough
from here. We peg our medium-term
target price at its previous high of RM2.38.

LCTH Corp (LCTH MK)
Technical BUY with +21.7% potential return
Last price : RM0.30
Target Price : RM0.32, RM0.365
Support : RM0.28
Stop-loss: RM0.275
BUY with a target price of RM0.365 with stop
loss at below RM0.275. Share price has
gapped up on 18 Jun 14 and made a new high
at RM0.32 four days later before falling back
to the initial gap last Thursday. However, the
stock formed a bullish reversal “engulfing’
pattern last Friday on the back of a higher
trading volume as selling pressure has
normalised after the after recent profit taking.
An uptick in the RSI suggests a surge in
momentum which in turn should boost share
price while an uptick in +DI which is on the
verge of crossing above the ADX line indicates
an upside bias has returned after the recent
pullback. Moving forward, we expect LCTH to
retest the immediate resistance of RM0.32
while our medium-term target price is pegged
at 1.38x Fibonacci extension level of RM0.365.

Power Root (PWRT MK)
Technical BUY with +17.0% potential return
Last price : RM2.35
Target Price : RM2.59, RM2.75
Support : RM2.22
Stop-loss: RM2.14
BUY with a target price of RM2.75 with stop
loss at below RM2.14. The stock has been
climbing along the steeper uptrend line as
share price has successfully broken out above
the “cloud” on 12 May 14. Another breakout
above the immediate resistance of RM2.22
(current support) on 26 Jun 14 has spurred
fresh buying interest as PWRT sailed past its
52-week high last Friday. Fuelled by rising
trading volume and a positive closing above
the 10-day and 21-day SMA, PWRT is likely to
head upwards, backed by stronger momentum
as shown by a bullish crossover in the MACD.
Additionally, a bullish crossover between +DI
and the ADX line should in our view indicate a
stronger uptrend movement ahead. We peg
our medium-term target price at 1.61x
Fibonacci extension level, or RM2.75.

from me also thank you very much

Posted by johnny cash > Jun 30, 2014 07:47 AM | Report Abuse X

Posted by Pi Di Tan > Jun 30, 2014 07:14 AM | Report Abuse

Market Trend Followers must now WATCH how the invisible-hand bring down the KLCI by another 80-100 point to below 1700 -- dont be trap!!!!


not that low my fren, it just will dilute the overbought situation only.. BOW,,,BUY ON WEAKNESSES

TODAY FRIDAY,,,DSONIC DAY,,BUT NOTHING IS HAPPENING...DSONIC WENT FOR PRAYERS HA

MMS Ventures (MMSV MK)
Technical BUY with +20.0% potential return
Last price : RM0.25
Target Price : RM0.29, RM0.30
Support : RM0.235
Stop-loss: RM0.23
BUY with a target price of RM0.30 with stop
loss at below RM0.23. Share price has
gradually recovered from the low of RM0.175
and climbing along the rising trendline to above
both 10-day and 21-day SMA lines. A breakout
above the “cloud” on 20 Jun 14 followed by a
bullish candle has created a new support level
of RM0.235. Trading volume has dried up in
the past four days, which implies selling
pressure is easing, which in our view, means
the stock should resume the upward
movement. An uptick in the RSI and a positive
reading in the MACD signal rising momentum
which could boost share price. We expect
MMSV to retest the previous high of RM0.29
and the psychological level of RM0.30 in the
medium term.

REDtone International
(RIB MK)
Technical BUY with +16.2% potential return
Last price : RM0.74
Target Price : RM0.785, RM0.86
Support : RM0.71
Stop-loss: RM0.695
BUY with a target price of RM86 with stop loss
at below RM0.695. Share price has moved
along the uptrend line since 6 Feb 14 before
consolidating within the RM0.71-0.785 range
over the last 13 weeks. Despite trading
sideways, trading volume has improved in the
past three weeks (1.26m shares vs 0.4m
shares) as share price rose above the “cloud”
yesterday. As the MACD approaches the zero
line with the Stochastics flashing a bullish
crossover, we expect the surge in positive
momentum to drive share price higher to retest
the immediate resistance at RM0.785. If this
level is breached, it may spur fresh buying,
thus potentially catapulting share price towards
our medium-term target at the all-time high of
RM0.86.

Prestar Resources (PRST MK)
Technical BUY with +19.5% potential return
Last price : RM0.64
Target Price : RM0.685, RM0.765
Support : RM0.60
Stop-loss: RM0.58
BUY with a target price of RM0.765 with stop
loss at below RM0.58. Share price has
gradually recovered from the low of RM0.56 on
9 Jun 14 as it rebounded off the steeper
trendline and successfully closed above the
“cloud” yesterday. A higher trading volume of
1.27m shares (vs 20-day average of 0.36m)
yesterday signifies renewed interest as PRST
rose above the 50.0% Fibonacci retracement
level of RM0.625. Additionally, an uptick in the
RSI and a positive reading of the MACD point
to a significant rise in momentum which in turn
should boost share price. As PRST is still
trading above the upward sloping 10-day and
21-day SMA lines along the long-term uptrend
line, we peg our target price at 1.61x Fibonacci
extension level.

UOB KAY HIAN REPORT

Cahya Mata Sarawak (CMS MK)


Buy on Weakness
Last price: RM3.73
Target Price : RM4.23
Support: RM3.46

Share price has failed to penetrate the immediate resistance of
RM3.82, given yesterday’s pullback on profit taking. Following a
downtick in both its RSI and +DI, we expect buying momentum to
ease and may drag the share price slightly lower to the RM3.50-
3.70 level. However, the overall trend remains intact as the stock is
still trading above the steeper trendline. We opine the stock would
resume the upward movement once selling pressure normalises.
Stop-loss can be placed at below RM3.30.

 Significant increase in cement capacity. In view of rising cement demand in
Sarawak underpinned by SCORE activities, CMS will be building its third cement
grinding plant in Mambong. Upon completion, it will increase CMS’s cement
capacity by 57% to 2.75mt per year. Leveraging on its monopoly, we expect the
cement division to remain a key earnings contributor. For cement, we forecast a
3-year net profit CAGR of 8%, accounting for 30% of the group’s earnings.
 Steady earnings growth supported by a healthy balance sheet. Overall, we
forecast net profit to grow by a 3-year CAGR of 15% from RM175m in 2013 to
RM269m in 2016, spearheaded by its SCORE investments. Besides visible
earnings growth, CMS is also sitting on net cash of RM527m, giving management
a sizeable warchest to participate in more value-enhancing investments, such as
the potential acquisition of Sacofa, as reported by the local press.
RECOMMENDATION
 Maintain HOLD… and SOTP-based target price of RM3.49 as we adjust for the
corporate exercises. Our target price implies 15x 2015F PE and dividend yield of
2%. Despite our optimism over its long-term fundamentals, we recommend a HOLD
as the stock may be susceptible to profit taking, having appreciated 65% ytd. Entry
price is RM3.00.
 …with upside to our target price. We reckon there is potential upside to our
target price as we have yet to impute the value of its planned phosphate project
(could be worth up to RM0.46/share) and its potential acquisition of Sacofa, a
telecommunication infrastructure player in Sarawak.

MONEY TALK

CAHYA MATA SARAWAK (CMS MK)

Bonus Time

Following a share split and a bonus issue, Cahya Mata Sarawa’s (CMS) trading
liquidity should improve significantly as a result of the three-fold increase in its
share base. We expect share price to be well supported, ahead of the highly
anticipated OMS plant opening in Aug 14. Despite solid long-term fundamentals
underpinned by SCORE investments, we recommend a HOLD due to its stellar
share price performance (+65% ytd). Target price: RM3.49. Entry price: RM3.00.
WHAT’S NEW
 Ex-bonus on 24 June. To improve trading liquidity and to reward shareholders
for their continuing support, CMS has proposed a 1:1 share split followed by a 1:2
bonus issue in Apr 14. Following shareholders’ approval at its EGM, CMS’s share
base will increase by three-fold from 340m shares to 1,021m shares.
 All eyes on OMS plant opening. The highly-anticipated OM Sarawak (OMS)
ferroalloy plant is slated to begin operations in Aug 14. We gather that the plant
will take 12 months to ramp up to its full annual production capacity of 308,000mt.
Interestingly, we note the share price of its JV partner OM Holdings (OMH AU)
has appreciated by 30% since early-June, ahead of the plant’s opening.
 Signed EPC for Mambong cement grinding plant. We understand CMS has
recently engaged a German company (Christian Pfeiffer Maschinenfabrik GmbH)
to design and build its RM156m Mambong cement plant. Construction of the plant
will begin in Jul 14 and will take about 18 months to complete.
ESSENTIALS
 OMS plant to commence operations soon. Recent discussion with
management suggests that the ferroalloy plant will commence operations in Aug
14. Taking advantage of competitive power cost (40-50% cheaper than the
region’s), OMS aspires to be the world’s lowest-cost producer of ferroalloy, a raw
material essential for steelmaking. At full production, we expect OMS to
contribute pre-tax profit of RM63m, or 16% of the group’s 2015F total profit.
Should the plant operate smoothly, we think the project may attract many
strategic investors, given its major cost advantage (power accounts for up to 50%
of total operating cost).

because of past fears,, contra players won t go near this counter

dear TCB
anything on datasonic, RHB already given a new target price of 2.50, do you have a TA on datasonic? thanks

those on this forums who are specialist on digging out stories, please start calling mahathir, to find out what actually is happening.. do not forget to share with us here later ok.. i tried many times, but he is not giving a good response to me...make sure when you call him,, mention it is for datasonic company ok

YES SOMETHING WILL BE ANNOUNCE SOON....YES I AM GIVING HERE THE PHONE NUMBER OF MAHATHIR,, INVESTMENT RELATION OFFICER OF DSONIC... 0125212688.. CAN START CALLING HIM, TO FIND OUT WHAT ACTUALLY IS BREWING UP...IF HE IS WILLING TO TELL

RHB knows what is brewing up with this counter, but not mentioning fully in their reports....anyway tomorrow is FRIDAY,,,,DSONIC DAY

Cepat Wawasan (CWG MK)
Technical BUY with +16.0% potential return
Last price : RM1.06
Target Price : RM1.14, RM1.23
Support : RM1.02
Stop-loss: RM1.00
BUY with a target price of RM1.23 with stop
loss at below RM1.00. For the past 15 weeks,
share price has consolidated lower from the
high of RM1.14 and traded below the mediumterm
downtrend line. However, we opine the
downward bias has ended, given yesterday’s
breakout above the downtrend line on the back
of a higher trading volume of 1.3m shares (vs
20-day average of 0.22m), signifying a genuine
breakout. An uptick in the RSI suggests a
surge in positive momentum which in turn may
drive share price higher. Another uptick in +DI
which lies above the ADX line indicates the
upward trend is starting to strengthen, thus
potentially placing CWG back on the uptrend.
We peg our medium-term target at RM1.23,
equivalent to the 1.38x Fibonacci extension
level.

Sig Gases (SIGA MK)
Technical BUY with +17.7% potential return
Last price : RM0.65
Target Price : RM0.705, RM0.765
Support : RM0.60
Stop-loss: RM0.595
BUY with a target price of RM0.765 with stop
loss at below RM0.595. After failing to surge
past RM0.655 on 3 Apr 14, share price has
consolidated lower to establish a strong
support at the RM0.60 level. As the share price
rebounded off the support level on 24 Jun 14,
the emergence of fresh buying interest as seen
in the higher trading volume should boost
share price higher. A bullish crossover in both
the MACD and Stochastics suggests rising
momentum, which in our view, could push
share price above the immediate resistance of
RM0.655 in the near term. A positive closing
above this level signifies upward continuation
towards our medium-term upside at the 52-
week high of RM0.765.

Unisem (M) (UNI MK)
Technical BUY with +14.5% potential return
Last price : RM1.45
Target Price : RM1.55, RM1.66
Support : RM1.39
Stop-loss: RM1.35
BUY with a target price of RM1.66 with stop
loss at below RM1.35. Following a breakout
above the previous strong resistance of
RM1.13 on 9 Apr 14, share price continued to
climb higher and formed a series of higher
highs and higher lows along an upward
channel in the past 11 weeks. As UNI
rebounded off the immediate support of
RM1.39, it has successfully closed above the
10-day SMA yesterday, implying an upward
continuation from here. Given the uptick in the
RSI, a rise in momentum should boost share
price. We expect UNI to move within the price
channel as share price climbs higher. We peg
our upside target at the 52-week high of
RM1.66 over the medium term.

UOBKH HIGHLIGHTS


Power


ELECTRICITY TARIFF HIKE IN THE OFFING?
WHAT’S NEW
Just six months after the nation saw a tariff hike in electricity rates, consumers may see another rate rise. But given the mandate to
restructure and reform the country’s power sector, the agency has proposed that the Government utilise some RM500m in savings derived
from the renegotiations of the power purchase agreements (PPAs) with independent power producers (IPPs) to mitigate the potential
impact on the people. MyPower Corp Bhd said it would recommend to the Cabinet to stay on course with the implementation of the fuel
cost pass-through (FCPT) mechanism, whereby the tariff will be adjusted based on the international gas price every six months. The first
adjustment is scheduled for next month, which could result in a tariff hike, as domestic gas prices are lower than international prices.
(Source: The Star)
COMMENT:
 Although any tariff hike from the FCPT mechanism will be earnings neutral to Tenaga as increases in tariff will be offset by identical
increases in subsidised gas costs, we view this latest development positively as it provides greater confidence of the implementation of
the Incentive-Based Regulation (IBR). TNB’s performance had in the past been hampered by its inability to pass on any increase in fuel
cost pressures via a transparent FCPT mechanism. As such, this resulted in sharp fluctuations in its profitability and ROA, with ROA
fluctuating between 1.3% and 6.1% over the past eight years.
 Assuming gas prices were to be raised by RM3/MMBTU, we estimate this to be equivalent to about 1sen/kwh or 2.5% increase in
electricity tariff which we believe is unlikely to place a significant strain on consumers. Additionally, with savings of roughly RM500m in
the stabilisation funds coupled with lower coal prices, the government may not even have to raise electricity tariff by 2.5% to offset a
RM3/MMBTU increase in subsidised gas prices.
 Assuming if only half of the current savings from the stabilisation fund were to be utilised to help offset a portion of the RM3/MMBTU hike
in gas prices, we estimate that Tenaga may only have to raise electricity tariff by 1.7% to offset a RM3/MMBTU increase in gas cost.
This is significantly lower than the recent 15% increase in electricity tariff. We retain our BUY call on TNB and RM14.00 DCF-based
target price. This stock offers a potential 16% upside and 2% net dividend yield, with a total return of 18%. Removal of fuel cost risks,
especially via an automatic fuel cost pass through (FCPT) mechanism under the incentive-based regulation (IBR), could earn this stock
an even higher valuation

UOBKH HIGHLIGHTS

Power

ELECTRICITY TARIFF HIKE IN THE OFFING?

WHAT’S NEW
Just six months after the nation saw a tariff hike in electricity rates, consumers may see another rate rise. But given the mandate to
restructure and reform the country’s power sector, the agency has proposed that the Government utilise some RM500m in savings derived
from the renegotiations of the power purchase agreements (PPAs) with independent power producers (IPPs) to mitigate the potential
impact on the people. MyPower Corp Bhd said it would recommend to the Cabinet to stay on course with the implementation of the fuel
cost pass-through (FCPT) mechanism, whereby the tariff will be adjusted based on the international gas price every six months. The first
adjustment is scheduled for next month, which could result in a tariff hike, as domestic gas prices are lower than international prices.
(Source: The Star)
COMMENT:
 Although any tariff hike from the FCPT mechanism will be earnings neutral to Tenaga as increases in tariff will be offset by identical
increases in subsidised gas costs, we view this latest development positively as it provides greater confidence of the implementation of
the Incentive-Based Regulation (IBR). TNB’s performance had in the past been hampered by its inability to pass on any increase in fuel
cost pressures via a transparent FCPT mechanism. As such, this resulted in sharp fluctuations in its profitability and ROA, with ROA
fluctuating between 1.3% and 6.1% over the past eight years.
 Assuming gas prices were to be raised by RM3/MMBTU, we estimate this to be equivalent to about 1sen/kwh or 2.5% increase in
electricity tariff which we believe is unlikely to place a significant strain on consumers. Additionally, with savings of roughly RM500m in
the stabilisation funds coupled with lower coal prices, the government may not even have to raise electricity tariff by 2.5% to offset a
RM3/MMBTU increase in subsidised gas prices.
 Assuming if only half of the current savings from the stabilisation fund were to be utilised to help offset a portion of the RM3/MMBTU hike
in gas prices, we estimate that Tenaga may only have to raise electricity tariff by 1.7% to offset a RM3/MMBTU increase in gas cost.
This is significantly lower than the recent 15% increase in electricity tariff. We retain our BUY call on TNB and RM14.00 DCF-based
target price. This stock offers a potential 16% upside and 2% net dividend yield, with a total return of 18%. Removal of fuel cost risks,
especially via an automatic fuel cost pass through (FCPT) mechanism under the incentive-based regulation (IBR), could earn this stock
an even higher valuation

Post removed.Why?

ABOVE IS UOB KAY HIAN REPORT

• With the recent cut to Kossan’s earnings forecasts, our FY14-16 earnings growth
projections for the company have been lowered to 9.3-18.8% (from 12.1-25.6% earlier).
While we believe that the company would continue to deliver above-industry earnings
growth in FY14 underpinned by its major expansion plan to add three new factories that
would lift its total production capacity to 22b pieces p.a. by Dec 14 (from 16b currently),
we believe that sentiment towards the stock would continue to be hampered by the rising
headwinds within the industry. Thus, we maintain HOLD on Kossan with a lower target
price of RM4.36 (from RM4.64) based on an unchanged 15x 2015F PE.
• … and SELL on Hartalega with an unchanged target price of RM5.17, based on 14x
2015F PE. Clearly, the superior margins for nitrile gloves have been tapering off in the
last six quarters as a result of selling price pressures emanating from the industry’s buildup
in nitrile glove production capacity. As such, we believe that Hartalega, which has the
highest proportion of nitrile gloves in its product mix among glove makers, could continue
to see further margin erosion over the longer term. Furthermore, earnings growth over the
next two quarters should be muted given the lack of new production capacity coming onstream.
SECTOR CATALYSTS
• Strengthening US dollar.
• Raw material prices weaken more than expected.
ASSUMPTION CHANGES
• We reduce Kossan’s FY14-16 earnings forecasts by 5-9% to reflect our recent cut in Top
Glove’s earnings on expectations of a more rapid decline in premium glove ASPs.
ESSENTIALS
• Latex prices eased further in 1H14. Latex prices had continued to ease further,
averaging RM4.75/kg in 1H14 (2H13: RM5.33/kg), while average nitrile prices were
relatively unchanged at US$1,010/tonne in 1H14 (2H13: US$1,000/tonne). This was
close to our 2014 latex and nitrile price assumptions of RM4.80/kg and US$1.10/tonne
respectively. Based on our sensitivity analysis, a 1% decline in latex and nitrile prices
could lift the sector’s 2014 net profit by 2% (assuming no savings are passed through to
customers).
• Favourable raw material prices to persist in 2H14. Moving forward, we believe any
near-term recovery in rubber prices would be unlikely as the outlook continues to be
weighed down by growing concerns that global supply is forecasted to exceed demand by
241,000 tonnes in 2014 for a fourth year of glut, according to International Rubber Study
Group (IRSG). The combination of weak demand and the region’s growing supply of
rubber (from maturing rubber trees) should, in our view, keep latex prices below the
RM5.00/kg mark, especially with production entering the post-winter upcycle.
• Like natural rubber (NR), nitrile prices are expected to see demand remain soft, in
tandem with the slowdown in global vehicle sales. However, unlike the growing proportion
of NR stockpile to global consumption that rose from 15.8% in 2011 to 25.5% in 2013, the
global stockpile of synthetic rubber remained stable at 30-31% of annual global
consumption during the same period as production levels can be adjusted accordingly to
meet any surge or dip in demand. As such, we do not expect nitrile prices to spike or
ease further, but instead stabilise at a favourable range of US$1,000-1,200/tonne in 2H14
as any spike in demand should be comfortably met by a ramp-up in production from the
regions’ growing number of naptha-based crackers, which are still operating at low
utilisation rates of 50-60% currently.
• Weak latex prices to pile more pressure on nitrile glove segment. The recent
weakness in latex prices (a 15.1% ytd decline to about RM4.57/kg currently) could help
NR glove players benefit from the time-lag in passing on the lower latex costs to
customers. Lower latex prices could also translate into more competitive selling prices for
latex gloves and this could convert some nitrile glove purchases back to latex glove
purchases. On the contrary, this could also add to the growing concerns over at the nitrile
glove segment, which has already begun to experience margin compression as a result of
the industry’s aggressive expansion into the nitrile glove segment.

Post removed.Why?

A & M Realty (AM MK)-----------------------DATED 24//6//14
Technical BUY with +17.5% potential return
Last price : RM1.37
Target Price : RM1.49, RM1.61
Support : RM1.30
Stop-loss: RM1.28
BUY with a target price of RM1.61 with stop
loss at below RM1.28. AM’s share price
retraced from the high of RM1.49 before
establishing strong support at RM1.30. As the
share price recovered gradually, it closed
above both the 10-day and 21-day SMA lines,
suggesting the continuation of the previous
uptrend. Given yesterday’s gap-up on the back
of a slightly higher trading volume of 0.6m
shares (vs 20-day average of 0.2m), we expect
a positive follow-through thereafter. An
improving momentum, along with an uptick in
+DI as the ADX line rises steadily, suggests
the trend is potentially getting stronger and as
such should push AM higher. We peg our
medium-term target at RM1.61, which is
equivalent to the 1.61x Fibonacci extension
level.

Write a comment..TechnoDex (TDEX MK) -------24/6
Technical BUY with +24.4% potential return
Last price : RM0.225
Target Price : RM0.245, RM2.80
Support : RM0.210
Stop-loss: RM0.2005
BUY with a target price of RM0.280 with stop
loss at below RM0.20. TDEX’s share price has
consolidated at RM0.215-0.230, treading inside
the “cloud” in the past 9 days. Both the
“tenkan” and “kijun” lines are on the verge of
forming a crossover with an uptick in “chikou”,
with a minor breakout above the “cloud”
yesterday giving a buying signal. Given the
bullish crossover in Stochastic which indicated
a stronger momentum as the share price
rebounded off the steeper trendline, we expect
continuation of the recent uptrend as we peg
our medium-term target at the 1.61x Fibonacci
extension target of RM0.280.

United U-Li Corp (UULI MK) -------------------------DATED 24/6
Technical BUY with +17.4% potential return
Last price : RM1.09
Target Price : RM1.19, RM1.28
Support : RM1.03
Stop-loss: RM1.01
BUY with a target price of RM1.28 with stop
loss at below RM1.01. UULI’s share price has
rebounded off the rising trendline and
recovered from the low of RM0.950.
Yesterday’s sharp spike in the share price on
the back of a higher trading volume of 1.2m
shares (vs 20-day average of 0.2m) along with
a positive closing above both the 10-day and
21-day SMA lines signify the creation of a new
up-leg. Positive readings from both MACD and
Stochastic suggest improving momentum
which in turn may move the share price higher.
A breakout above the immediate resistance of
RM1.11 is likely to ensure upward
continuation. Moving forward, we peg our
medium-term target at the 1.38x Fibonacci
extension target of RM1.28.

ECM Libra Financial Group-----------------DATED 25//6
(ECML MK)
Technical BUY with +19.0% potential return
Last price : RM1.05
Target Price : RM1.14, RM1.25
Support : RM0.980
Stop-loss: RM0.970
BUY with a target price of RM1.25 with stop
loss at below RM0.970. ECML’s share price
has been treading below the downtrend line in
the past 7 months after peaking at the high of
RM1.14 on 6 Nov 13. Yesterday's breakout
above the downtrend line on the "back" of a
slightly higher volume suggests the end of the
recent consolidation and kick-start of a new upleg.
After the share price rose above the
"cloud" yesterday, we expect a rise in
momentum as shown by positive readings in
both RSI and MACD to boost ECML's share
price. Additionally, a bullish crossover and
positive histogram in MACD indicate
emergence of buying interest and as such
should catapult the share price higher. We peg
our medium-term target at the 1.61x Fibonacci
extension target of RM1.25.

Coastal Contracts (COCO MK) ------------------------------dated 25/6
Technical BUY with +12.5% potential return
Last price : RM4.96
Target Price : RM5.18, RM5.58
Support : RM4.66
Stop-loss: RM4.65
BUY with a target price of RM5.58 with stop
loss at below RM4.65. COCO’s share price
has consolidated within the downward price
channel in the past 11 weeks before
yesterday’s strong gain signaled the end of the
current correction following a breakout above
the price channel. We view the breakout as
genuine because a higher trading volume was
recorded yesterday. A positive closing above
the "cloud", 10-day and 21-day SMA lines
should signify upward continuation hereafter.
Positive readings from both MACD and
Stochastic suggest an improving momentum
and could drive the share price higher. Moving
forward, we peg our short- to medium-term
target at RM5.58, which is equivalent to the
1.38x Fibonacci extension level.

TAS Offshore (TOB MK)-----------------------dated 25/6
Technical BUY with +15.9% potential return
Last price : RM1.51
Target Price : RM1.63, RM1.75
Support : RM1.03
Stop-loss: RM1.01
BUY with a target price of RM1.75 with stop
loss at below RM1.38. Given our earlier BUY
call on 10 Jun 14 at the price of RM1.40,
TOB’s share price has been climbing higher
and forming a series of higher highs and higher
lows in the past 11 days. Following yesterday's
breakout on the back of a higher trading
volume, TOB has surged past our initial target
of RM1.49. As +DI rising above ADX line
indicates a potentially stronger uptrend ahead,
the improving momentum as shown by the
bullish crossover in MACD may drive the share
price higher. Moving forward, we peg our
medium-term target at the 1.38x Fibonacci
projection target of RM1.75.

very stupid country, with stupid monkeys all arround us

what actually we need now is a modern communist ruling government

how to go forward if daily this monkeys are lifting up walls arround their minds

Post removed.Why?