in the latest CIMB report mention that they are not interested in the TRACK 3A project...

but project TRACK 3A they are not keen now,,but not mention in the above report

WHERE is Mr Koon now,,why he is not talking about mudajaya this days???

target price downgraded by CIMB,,,from 3.19 to 2.52....

Outlook seems more subdued in 2H
Sentiment could weaken in the medium term. We believe that the
sentiment on the stock could weaken in the medium term, in view of the 1)
weaker-than-expected 1Q14 results, 2) persistent delays in the Indian IPP's
commercial operations, and 3) depleting order book of less than RM1bn. We
had been bullish on Mudajaya's prospects in the arena of domestic power plant
and highway construction, given the group's good track record. However, we
now expect its order book replenishment prospects to be less exciting in 2H.
New guidance revealed that the group is no longer keen on the Track 3A power
plant civil works job that is worth c.RM500m, given the change in project
structure. Other power plant jobs such as Track 3B are in the pipeline 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.
Downgrade to Hold with lower target price of RM2.52. Overall, we are
disappointed that the outlook for 2H is looking more subdued. We cut our new
order book assumption by 30% for FY14 from RM1bn to RM700m, but maintain
our assumption of RM1bn worth of new jobs in FY15. Due to the delays in the
Indian IPP, new associate profits are likely to start contributing in FY15. As a
result of the downward revisions to our FY14-16 EPS forecasts, we are looking at
a two-year contraction in net profit relative to FY13. We slash our RNAV/share
by 21% from RM5.32 to RM4.20. Applying an unchanged 40% discount to
RNAV, our target price declines from RM3.19 to RM2.52. We downgrade our
call from Add to Hold. 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 turnaround in Mudajaya's
profitability and job replenishment outlook is likely to come later rather than
sooner.

Power shortage
Mudajaya's annualised 1Q14 core net profit made up 59% of our full-year
forecast and 61% of consensus. The results were below expectations as 2H
could be weak due to delays in its Indian IPP and depletion of order book. We
were negatively surprised that the group is no longer keen on the Track 3A
power plant civil works job. Other power plant jobs are in the pipeline but we
think the only possible win this year could come from the WCE. We slash our
FY14-16 EPS forecasts by 15-44% and cut our target price by 21%, still based
on a 40% discount to RNAV. Its longer-term prospects still look good, but we
think that its medium-term outlook is unlikely to be exciting, thus weighing on
its share price. We downgrade our call from Add to Hold. Switch to IJM Corp.
1Q14 below expectations
41% drop in net profit. Annualised 1Q14 core net profit only made up 59%
of our full-year forecast and 61% of consensus. This is below expectations as we
overestimated the EBITDA margin, which dropped 4.5% pts yoy to 10% in 1Q14
vs. our forecast of 15%. Margins are unlikely to improve in the coming quarters
due to order book depletion and the lower margin for outstanding jobs. The
only positive surprise was the single-tier interim DPS of 3 sen.
Losing out on tenders but still looking at job wins in 2H
Focus on Track 3B and WCE. Jobflow prospects in 2H are still intact but
the recent letdown for the group was losing out on the co-generation power
plant civil works tender (RM300m-400m) for Rapid. Management clarified
that it is no longer keen on pursuing the c.RM500m civil works for Track 3A
power plant due to a change in project structure, which was a negative surprise.
However, the group remains focused on securing subcontract works from the
West Coast Highway (WCE) and Track 3B power plant civil works.
Further delays in Indian IPP's commercial operations
Zero contributions from Indian IPP in FY14. The targeted
commencement of commercial operations for unit 1 (360 MW) of its Indian
IPP has been delayed from 1Q14 to 3Q14. This was due to shipment and site
logistics. New associate earnings will only flow through from FY15 onwards.

SYF Resources (SYF MK)
Technical BUY with +13.4% potential return
Last price : RM0.820
Target Price : RM0.885, RM0.930
Support : RM0.780
Stop-loss: RM0.775
BUY with a target price of RM0.930 with stop
loss placed below RM0.775. SYF’s share price
has continued to climb along the steeper
trendline in the last 4 weeks. Following a failure
to breach the recent high of RM0.820, SYF has
retraced to the immediate support of RM0.780
before making a second attempt yesterday. A
genuine breakout on the back of a higher
trading volume of 0.92m shares (vs 10-day
average of 0.65m) recorded yesterday should
in our view confirm the creation of a new upleg.
An uptick in RSI suggests improving
momentum which should push the share price
higher in the near term. We peg our mediumterm
target at the 1.61x Fibonacci extension
level of RM0.930.

Dialog Group (DLG MK)
Technical BUY with +11.8% potential return
Last price : RM3.74
Target Price : RM3.90, RM4.18
Support : RM3.56
Stop-loss: RM3.50
BUY with a target price of RM4.18 with stop
loss placed below RM3.50. DLG’s share price
outlook has remained positive in the past 6
months despite a few external jitters as DLG
has been rising consistently above the 61.8%
Fibonacci fan line. The share price also formed
a series of higher lows, thus with the latest
rebound from the 50.0% Fibonacci retracement
level, DLG is expected to continue its uptrend
run. Given the stochastic is on the verge of
flashing a bullish crossover, a positive followthrough
should validate a surge in momentum
which may in turn push the share price higher
in the near term. We peg our medium-term
target at the 1.38x Fibonacci extension level of
RM4.18.

Sona Petroleum (SONA MK)
Technical BUY with +15.4% potential return
Last price : RM0.585
Target Price : RM0.620, RM0.675
Support : RM0.555
Stop-loss: RM0.550
BUY with a target price of RM0.675 with stop
loss placed below RM0.550. SONA’s share
price surged past the breakout level of
RM0.555 on 19 May 14 and hit the high of
RM0.615 before making a “return move” to the
initial base. However, the share price has
rebounded back in the last 2 days and formed
a classic “1,2,3 formation” along with the rising
momentum, potentially creating another up-leg.
The gradual rise in trading volume in the last 2
days also confirms the emergence of fresh
buying interest, thus in our opinion it would
lead to an upward continuation hereafter. We
peg our upside target at the 1.38x Fibonacci
extension level of RM0.675 over the short to
medium term.

http://klse.i3investor.com/blogs/sharethenews/53075.jsp

this is the project that RHB is waiting for,,,that could change the target price of datasonic

CREST BUILDER also doing much better then them...

very choosy type of management,,only wants higher margin contracts..even AZRB also can do much better then them..

MAS is bleeding badly...please avoid tourism sector stocks

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Next time please ignore all this warants,,just pay more attention on mother shares,,it s just my oppinion

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oh i got news,,earning report today after 5pm

Intelligent Investor--- thank you very much for the reply

3.85

DSONIC shoooootiiiing up like crazy

3.83

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i think bad earning report is coming...but positive news will be kidex..the downtrend won t be that much

or should i choose protasco?

Dear inteligent, good afternoon.. lately a few months ago last year i bought UEM SUNRISE...buying price was quite high..now this counter is not doing well.. i want to sell it and switch over to other uptrending counter.. i am thinking about vitrox.. can you recommend me an uptrending counter please? thanks...UEM will recover but not this year,,so i do not want to waste time on it,, because many other counters are bullish now..please recommend to me, only one good counter

WILL GO EX ON 6TH JUNE

http://www.thestar.com.my/Business/Business-News/2014/05/27/Datanonic-proposes-one-for-one-bonus-issue/

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those who went for the meeting please update it here later

Intelligent Investor--- thank you very much for the reply, very kind and nice of you

how to recover lo,,so bad earning report

(BHB MK)-----------benalec
Technical BUY with +13.0% potential return
Last price : RM1.08
Target Price : RM1.18, RM1.22
Support : RM1.06
Stop-loss: RM1.05
BUY with a target price of RM1.22 with stop
loss placed below RM1.05. Given our earlier
BUY call on 7 May 14 at the price of RM0.940,
BHB’s share price has exceeded our initial
target price of RM1.07. BHB had nudged
higher to RM1.18 before a series of profittaking
activity pulled down the share price to
the current level. However, BHB has twice
rebounded from RM1.06 in the past 8 days and
yesterday’s closing, albeit flat, may signal a
potential reversal as is BHB lingering at the
38.2% Fibonacci retracement level. This is
consistent with the gradual decline in trading
volume for the past 7 days, indicating easing
selling pressure. Positive follow-through should
place BHB back on its uptrend run. We peg our
medium-term target at RM1.22 which is
equivalent to the previous and stronger
resistance level.

Kia Lim (KIA MK)
Technical BUY on weakness with +13.0%
potential return
Last price : RM0.610 (RM0.570~RM0.590)
Target Price : RM0.655
Support : RM0.570
Stop-loss: RM0.545
BUY on weakness with a target price of
RM0.655 with stop loss placed below
RM0.545. Following our BUY call on 20 Mar 14
at the price of RM0.500, KIA hit our initial
target price of RM0.645 on 20 May 14 before
correcting to the current level. Despite the
overall trend remaining on the upside, we
opine that the current selling pressure is still
visible as seen by a contradictory move by the
share price which has dipped lower while the
trading volume has surged in the past 4 days.
As such, KIA is likely to slide lower toward the
61.8% Fibonacci retracement level of
RM0.570. We recommend that investors
accumulate at RM0.57-0.59 to reduce overall
risk. Potential rebound at this level may push
the share price back toward its recent high of
RM0.655 within the short to medium term.

SCGM (SCGM MK)
Take Profit. Potential downside of -15.4%
Last price : RM1.65
Target Price : RM1.53, RM1.43
Resistance : RM1.72
Stop-loss: RM1.75
SELL with a target price of RM1.43 with stop
loss placed above RM1.75. We issued three
BUY calls on 31 Mar, 30 Apr and 9 May 14 at
the price of RM1.12, RM1.45 and RM1.54
respectively. Following the current run-up, we
opine that SCGM is losing its momentum given
the dwindling trading volume in the past 10
days on the back of smaller price action which
indicates a lack of strength in the background.
Given the stochastic has formed a bearish
crossover, suggesting growing selling
pressure, we expect the share price to retrace
lower and towards the 61.8% Fibonacci
retracement level of RM1.43 over the near
term. Taking profit at the current level will yield
51.8%, 17.2% and 10.4% returns on our
previous call.

did mudajaya already announce earning report???

thank you very much

thanks for sharing

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M is anti western

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