Gadang may rise after the latest white candle. Traders could
purchase the stock if it stays above MYR1.75 today, with a close
below MYR1.65 as a stop-loss. If the MYR1.85 resistance is broken,
the price target would be MYR1.95. Note that the stock could trend
lower if it fails to stay above MYR1.75, while the downside risk will
increase if the stop-loss is triggered.
RHB RESEARCH

Deleum may rebound after the firmer close yesterday. Traders may
opt to purchase the stock if it closes above MYR5.95, with a close
below MYR5.75 as a stop-loss. If the MYR6.40 resistance is broken,
the price target would be MYR6.65. The stock could trend lower if it
fails to get above MYR5.95, while the downside risk will increase if
the stop-loss is triggered.
RHB RESEARCH

Southern Acids may climb after the latest white candle. Traders may
buy if it closes above MYR5.00, with a close below MYR4.80 as a
stop-loss. The price target is MYR5.50 if the MYR6.00 resistance is
broken. However, note that the stock could trend lower if it fails to
get above MYR5.00, while the downside risk will increase if the
stop-loss is triggered.
RHB RESEARCH

Brahim’s Holdings may rebound after holding above the 100-day
MAV line. Traders may opt to purchase the stock if it closes above
MYR2.30, with a close below MYR2.20 as a stop-loss. The price
target would be MYR2.50 – if the MYR2.40 resistance is broken. The
stock could trend lower if it fails to get above MYR2.30, while strong
support lies at MYR2.00.
RHB RESEARCH

SYF Resources may climb after printing a 52-week high. Traders may
buy if it stays above MYR0.735 today, with a close below MYR0.70
as a stop-loss. The price target is MYR0.85 if the MYR0.80 resistance
is broken. However, note that the stock could trend lower if it fails
to stay above MYR0.735, while support is seen at MYR0.68.
RHB RESEARCH

FACB Industries may resume its rally after the latest white candle. If
the stock stays above MYR1.60 today, traders may opt to buy – with
a close below MYR1.50 as a stop-loss. Should the MYR1.70
resistance level be broken, the price target will be MYR1.80.
However, failure to stay above MYR1.60 will likely see the stock
trading lower. In the meantime, further support is at MYR1.40.
RHB RESEARCH

CMS may rebound after holding above the 50-day MAV line. Traders
may buy if it stays above MYR9.50 today, with a close below
MYR9.30 as a stop-loss. Should the MYR10.00 resistance level be
broken, the price target will be MYR10.50. However, failure to stay
above MYR9.50 will likely see the stock trading sideways, while
further support is at MYR9.00.

RHB RESEARCH

http://mymarketobserve.blogspot.com/2014_04_01_archive.html

http://mymarketobserve.blogspot.com/2014/05/supermax-will-it-hold-at-rm231.html

CAN SUPERMAX HOLD AT 2.31????

Post removed.Why?

good stock

thanks for the info, it s very helpfull

http://nexttrade.blogspot.com/

MrGala no, Shanu, I just saw johnnycash commend and I knew that http://www.bursamarketplace.com features stock screener, so just to show him the link...


thanks for the link

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SMRT another counter,,,keep an eye

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GUYS PLEASE USE THIS SCREENER, AND CHECK THE ROE... AND PLEASE TELL ME WHICH ARE YOUR PICKS BASED ON ROE AND EPS????? I THINK ALSO ROE IS VITAL? PLEASE DO REPLY,,,I NEED MORE OPPINIONS--------NEW VERSION KLSE SCREENER

http://www.klsescreener.com/v2/

FBMSCAP----now daily you can say this index is doing well,,,FBM70--this index in the past not showing good,,if not mistaken datasonic performance does to certain extend depend on this index.. so guys just be patience, let it shrug of unfaithful investors,, later the fundamentals will propel forward this counter.. be patience..

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Konsortium Transnasional --------today uob kay hian report
(KTN MK)
Technical BUY with +30.6% potential return
Last price : RM0.245
Target Price : RM0.265, RM0.320
Support : RM0.230
Stop-loss: RM0.225
BUY with a target price of RM0.320 with stop
loss placed below RM0.225. Following a steep
correction from the recent high of RM0.320,
KTN’s share has twice rebounded from the low
of RM0.205 before gradually recovering and
successfully closing above the 50.0%
Fibonacci retracement level of RM0.235
yesterday. As the trading volume has also
improved in the last 3 days, we expect to see
an upward continuation hereafter, backed by a
surge in the positive momentum as shown by a
bullish crossover in Stochastic. Additionally,
KTN gapped up yesterday and closed above
both the 10-day and 21-day SMA lines. This, in
our view, signals a positive follow-through from
the earlier rebound. Moving forward, we expect
KTN to retest the previous high of RM0.320
over the medium-term.

LNG Resources (LNGR MK) -------------------------today uob kay hian report
Technical BUY with +18.6% potential return
Last price : RM0.295
Target Price : RM0.320, RM0.350
Support : RM0.275
Stop-loss: RM0.270
BUY with a target price of RM0.350 with stop
loss placed below RM0.270. LNGR’s share
price retraced from the recent high of RM0.320
to the immediate support of RM0.275 before
rebounding off the “cloud” after two failed
attempts to dip below the aforementioned level
in the last 2 days. Following the formation of a
bullish reversal pattern of “engulfing” yesterday
on the back of a slightly higher than average
trading volume (2.2m vs 5-day average of
1.8m) and a positive closing above the 61.8%
Fibonacci extension level of RM0.290, we
expect the share price to rebound higher and
retest the immediate resistance of RM0.320 in
the near term. Given the bullish crossover in
Stochastic, a rising momentum should support
LNGR to resume its upward trend. We peg our
medium-term target at the 1.38x Fibonacci
extension level of RM0.350.

Benalec Holdings (BHB MK) ----------------------uob kay hian today report
Technical BUY with +13.8% potential return
Last price : RM0.940
Target Price : RM1.00, RM1.07
Support : RM0.915
Stop-loss: RM0.900
BUY with a target price of RM1.07 with stop loss
placed below RM0.900. BHB’s share price
advanced higher after the formation of the major
support at RM0.850 as the share price
leapfrogged the “cloud” convincingly yesterday,
which could mark the end of the current
consolidation and kick-start a new up-leg
hereafter. The emergence of fresh buying interest
yesterday in the form of a higher trading volume
of 23.6m shares (vs 20-day average of 1.0m)
signals a genuine breakout which is also
supported by a surge in momentum as flashed by
a bullish crossover in Stochastic. With the
positive crossover having formed between +DI
and ADX, a new uptrend is likely to come through
and is expected to rise further once BHB
successfully breaches the immediate resistance
at RM0.955. We peg our upside target at the
previous high of RM1.07 over the medium-term.

https://www.facebook.com/photo.php?fbid=785198754824736&set=a.719819828029296.1073741826.228799620464655&type=1&theater

https://www.facebook.com/photo.php?fbid=785213934823218&set=np.85558938.100002496753938&type=1&theater&notif_t=notify_me

Stock Information
Stock Name MITRAJAYA HOLDINGS BHD
CAT Code 9571
Industry Engineering&Construction
Industry Sub-sector Building-Heavy Construct
YTD stock price chg 48.51%
Market Cap (RM m) 295.60
Issued shares (m) 394.14
52-week range (Hi) 0.815
52-week range (Low) 0.42
3-mth avg daily vol: 2755376
Free Float 48%
Beta 1.23
Altman’s Z-score 2.02
Major Shareholders
TAN ENG PIOW 41.55%
KHIDMAS CAPITAL SDN 4.71%
TAN BOON HOCK 4.59%
Financials
FYE Dec (RM’m) 2013A 2014E 2015E
Revenue 338.4 500.9 676.0
EBIT 43.7 56.4 72.9
Net Profit (NP) 25.1 38.3 49.9
EPS (sen) 6.4 9.7 12.7
BV/Share (RM) 0.9 0.9 1.0
PER 11.8 7.7 5.9
Price/BV (x) 0.9 0.8 0.7
Net Gearing (x) 0.2 0.2 0.2
NDPS (sen) 2.0 3.0 4.0
Dividend Yield (%) 2.7 4.0 5.3
Quarterly Financial Data 2Q13 3Q13 4Q13
Revenue 78.0 70.2 123.9
PBT 6.2 10.5 19.4
Net Profit (NP) 4.4 8.6 13.4
EPS (sen) 1.1 2.2 3.4
EPS Growth (QoQ) 48.7% 96.2% 56.9%
Revenue Growth (QoQ) 17.5% -10.1% 76.6%
PBT Margin 8.0% 15.0% 15.7%
Peers Comparisions
PER
(FY14)
Div. Yld
(%)
Mkt
Cap
(RM’m)
Naim 9.1 1.9 919.3
Kimlun 9.8 2.8 489.9
Eversendai 9.1 2.3 843.6
Gadang 9.3 2.8 330.4
Average 9.3 2.4 -
Mitrajaya 7.7 4.0 295.6
FBMKLCI 16.4 5.8 -

About the stock:
Name : Mitrajaya Holdings Bhd
Bursa Code : MITRA
CAT Code : 9571
Key Support & Resistance level
Resistance : RM0.80 (R1) RM0.87 (R2) RM1.00 (R3)
Support : RM0.75 (S1) RM0.67 (S2) RM0.61 (S3)
Outlook : Bullish

Comment: MITRA has been trading on a nice uptrend
following a decisive breakout from the “Symmetrical
Triangle” chart pattern. Short term trend of MITRA
remained bullish as it stays above all the short, mid and
long term moving averages. Despite the sharp rise in
share prices over the past few months, the technical
picture has yet to show signs that momentum is waning.
Therefore, we suspect that MITRA could extend its rally to
close up the gap at RM0.87 fairly soon. Should this
resistance be taken out as well, MITRA should move
higher to retest the next price target at RM1.00.

ON OUR RADAR----KENANGA RESEARCH

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http://www.nst.com.my/business/nation/barakah-to-know-result-of-us-1b-saudi-tender-in-aug-1.588325

http://www.nst.com.my/business/nation/tough-times-ahead-for-glove-makers-1.588412

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just general info

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http://www.nst.com.my/business/nation/mudajaya-target-price-revised-lower-to-rm3-10-1.588466

OCK Group (OCK MK)
Technical BUY with +18.4% potential return
Last price : RM1.36
Target Price : RM1.44, RM1.61
Support : RM1.24
Stop-loss: RM1.23
BUY with a target price of RM1.61 with stop
loss placed below RM1.23. Following a
correction from the recent high of RM1.44,
OCK’s share price stabilised within the
immediate support of RM1.24 before making a
breakout from the “flag” pattern on 2 May 14.
Given the positive follow-through yesterday,
OCK has managed to close above both the 10-
day and 21-day SMA lines, which signifies the
end of the earlier correction and potentially the
start of a new up-leg. This view is consistent
with an uptick in RSI and a positive crossover
between +DI and ADX lines, suggesting an
upward continuation subsequently. Moving
forward, we expect OCK to nudge higher and
thus peg our upside target at the 1.38x
Fibonacci extension of RM1.61 over the
medium term.

FACB Industries Inc -----today uob kay hian

(FACI MK)
Technical BUY with +13.6% potential return
Last price : RM1.47
Target Price : RM1.55, RM1.67
Support : RM1.39
Stop-loss: RM1.37
BUY with a target price of RM1.67 with stop
loss placed below RM1.37. FACI’s share price
surged past the strong resistance of RM1.39
(now support) on 25 Apr 14 before hitting a
new high at RM1.55. As the share price eased
in the wake of profit-taking activity, FACI
stabilised above the support of RM1.39.
However, yesterday’s gap-up represents an
upward continuation of the recent uptrend
despite the formation of a weaker candle of
“northern doji”. A higher trading volume of
2.45m share was recorded along with a bullish
crossover in Stochastic which in our opinion
validated the breakout and could propel the
share price higher. Moving forward, we peg the
upside at the 1.38x Fibonacci extension level
of RM1.67 over the medium term.

Latitude Tree Holdings -------------------today uob kay hian
(LATI MK)
Technical BUY on weakness with +26.4%
potential return
Last price : RM2.90 (RM2.70~RM2.90)
Target Price : RM3.20, RM3.54
Support : RM2.60
Stop-loss: RM2.57
BUY with a target price of RM3.54 with stop loss
placed below RM2.57. LATI’s share price has
exceeded our initial target price of RM2.99 as
LATI hit a new high at RM3.20 yesterday.
However, profit-taking activity has driven the
share price lower. A negative closing yesterday
formed a bearish reversal pattern of “dark cloud
cover” which may lower the share price in the
near term. Nevertheless, the overall LATI trend
remains on the upside as the current weakness
can be perceived as a normalisation process from
the recent spike in the share price. Conservative
investors may accumulate lower within the
RM2.70-2.90 region given the minor pullback
expectation. We peg our medium-term upside at
RM3.54 which is equivalent to the 1.38x
Fibonacci extension level.

Analysts disappointed with Mudajaya’s delayed power plant completion
Posted on May 6, 2014, Tuesday
KUCHING: Analysts are disappointed with Mudajaya Group Bhd’s (Mudajaya) recent revelation that the completion of its power plant has been delayed till the final quarter of the year.
According to the research arm of Public Investment Bank Bhd (PublicInvest Research), this was disappointing as the target is missed yet again, demonstrating the difficult working environment in India.
“Mudajaya is again delaying the commercial operation date, which we understand was due to unforeseen hiccups of securing certain M&E components that important to complete the first unit of its four times 360 megawatt (MW) coal-fired power plant in India,” the research arm explained.
Hence, PublicInvest Research noted that earnings from its 26 per cent owned associate might take longer than expected, with the nascent earnings to happen in 2015 vis-à-vis this year.
Aside from the delay in completion of the power plant, the research arm highlighted that Mudajaya’s need to replenish order book (circa RM1.2 billion) is of utmost importance now for the Group considering no significant jobs clinched since last year.
“We understand that the management is one of the few invited bidders for the new power plants (Track 3A & 3B) and should expect some job packages to be announced in the next few months,” it opined, adding that total contract value for these two jobs can go as high as RM3 billion.
In the near term, it observed that Mudajaya’s earnings are driven by projects such as MRT Package V3, Tanjung Bin Power Plant Extension and Manjung Power Plant Extension.
Meanwhile, the research arm noted that new jobs targeted by Mudajaya include the Manjung Power Plant (1000MW or Track 3A), Track 3B (2000MW), and RAPID Power Plant in Pengerang, Johor (1,300MW) with combined value of circa RM4 to RM5 billion.


Read more: http://www.theborneopost.com/2014/05/06/analysts-disappointed-with-mudajayas-delayed-power-plant-completion/#ixzz30t61pWM0' target='_blank'>http://www.theborneopost.com/2014/05/06/analysts-disappointed-with-mudajayas-delayed-power-plant-completion/#ixzz30t61pWM0

http://www.theborneopost.com/2014/05/06/analysts-disappointed-with-mudajayas-delayed-power-plant-completion/

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http://www.bernama.com.my/bernama/v7/bu/newsbusiness.php?id=1035726

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https://www.facebook.com/photo.php?fbid=782269375117674&set=a.228820880462529.68340.228799620464655&type=1&theater

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greddym3-----thanks for the explaination

http://klse.i3investor.com/servlets/ptres/22677.jsp

latest one from public bank