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ICapital.biz (ICAP MK)
Technical BUY with +10.7% potential return
Last price : RM2.53
Target Price : RM2.70, RM2.80
Support : RM2.44
Stop-loss: RM2.43
BUY with a target price of RM2.80 with stop
loss placed below RM2.43. ICAP's share price
surged past the strong resistance of RM2.44
(now support) on 16 Apr 14 to hit a new high of
RM2.52 before staging a "return move" to the
initial level of RM2.44. However, a rebound
afterward followed by a breach above the
recent high of RM2.52 last Friday has
confirmed a breakout from the classical "1,2,3
formation". Given the higher trading volume
recorded on the back of a positive reading from
both MACD and Stochastic, we opine that the
share price is ready to resume its upward
movement in the near term. Given the lack of
resistance as ICAP is trading in new territory,
we expect the share price to rise towards the
1.61x Fibonacci extension level of RM2.80
over the medium term.

Narra Industries (NARR MK)-----------------------uob kay hian report today
Technical BUY with +14.3% potential return
Last price : RM1.75
Target Price : RM1.82, RM2.00
Support : RM1.67
Stop-loss: RM1.65
BUY with a target price of RM2.00 with stop loss
placed below RM1.65. NARR's share price had
been consolidating below the strong resistance of
RM1.67 (now support) since 27 Mar 14 before
selling pressure was gradually absorbed within
the "cloud" in the last 11 days. Last Friday, we
witnessed a genuine breakout from the "cloud" as
NARR surged through the resistance of RM1.67
which signals the end of the recent consolidation
and potentially the start of a new up-leg. Given
the bullish crossover in both MACD and
Stochastic, we expect the share price to ascend
higher as NARR is still adhering to the long-term
uptrend line. Moving forward, we expect NARR to
retest the previous high of RM1.82 which, if
breached, should prolong the upside toward the
psychological level of RM2.00 in the medium
term.

Berjaya Auto (BAUTO MK) -----------------------uob kay hian today report
Technical BUY with +20.9% potential return
Last price : RM2.15
Target Price : RM2.27, RM2.60
Support : RM2.00
Stop-loss: RM1.99
BUY with a target price of RM2.60 with stop loss
placed below RM1.99. Following the recent
correction from the high of RM2.27, BAUTO's
share price has stabilised above the immediate
support of RM2.00 (previous resistance) as the
share price continues to climb above the rising
trendline. Given the positive closing above both
the 10-day and 21-day SMA lines last Friday, we
expect the rebound to kick-start a new up-leg
hereafter. The emergence of a higher trading
volume of 3.0m shares and a surge in momentum
as flashed by a bullish crossover in Stochastic
should lift the share price higher. Thus, we peg
our medium-term target at the 1.38x Fibonacci
extension target of RM2.60.

 Maintain BUY and target price of RM1.98, based on a 40% discount to our SOTP
valuation of RM3.30/share. Our target price implies a hypothetical 5.3x FY15F PE.
 Currently, our valuation assumes Maica acquires 50% of Sunsuria’s key existing
landbank at market prices, with each incremental 10% stake increase in Sunsuria
potentially lifting Maica’s FY17 net profit and RNAV by RM18m (11.3 sen/share) and
RM72m (45 sen/share) respectively
SHARE PRICE CATALYST
 The imminent acquisition of Sunsuria’s landbank.

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 Property development boosted earnings in 4QFY14. Recall that Maica acquired two
parcels of developments back in Oct 13 and we understand that the acquisition was
completed in Jan 14. The contribution this quarter came mainly from the recently
acquired Trivio, Bukit Jelutong development, which has a total GDV of RM53m and
contributed for two months to Maica’s earnings.
 Exit from the hire purchase business. In Jan 14, the entire hire-purchase debtors
were redeemed. We understand the company also has no intention to continue with the
hire purchase business going forward.
STOCK IMPACT
 Announced a new CEO. Maica also took the opportunity to announce the appointment
of a new CEO Mr Ho Hon Sang, who is currently the CEO of Sunsuria Development Sdn
Bhd. Mr Ho’s role is mainly to further drive the company’s property development
expansion. Prior to joining Sunsuria, Mr Ho led Sunway Berhad’s Property Development
Division where he was a Managing Director as well as being involved in the development
of the North South Expressway.
 Look out for the EGM on 12 May. We understand an Extraordinary General Meeting
(EGM) will be convened next week mainly for the approval of the rights issue that was
announced recently as well as approval for the name change of Maica to Sunsuria
Berhad.
 The rights issue would drive RNAV and EPS upwards. While the rights issue price
has not yet been fixed, Maica could raise as much as RM356m based on its illustration
of 65 sen per right. Based on our calculation (refer to the following page RHS; more
detailed discussions were provided in Coverage Initiation on 14 Feb 14), acquiring
Sunsuria’ landbanks alone would lift Maica’s RNAV to RM1.5b (RM1.78/sh post
exercise), and FY16 and FY17 net profit to RM74m (FD EPS of 8.7 sen) and upwards of
RM170m (FD EPS of 24.4 sen) respectively – based on known launches for FY14 and
FY15 and Sunsuria’s target launch of RM1b yearly for the subsequent years.
 Significant value-enhancing exercise. We understand that the bulk of the landbanks
are partially paid for. Based on our ballpark calculation, we estimate the upfront cash
paid would imply a FY16F PE of 4.5x (based on known launches that the developments
may go through) – a comparison made between the amount paid by Maica to obtain the
right to develop Sunsuria’s landbanks. The balance progressive payments for the lands
can be assumed to be funded by the future earnings generation as launches progress.
Also, since Maica is raising more than what is required to acquire Sunsuria’s landbank,
we do not discount the possibility of the company stepping up to acquire other additional
landbanks.
EARNINGS REVISION/RISK
 We maintain our earnings forecasts and take the opportunity to introduce a FY17 net
profit forecast of RM10.4m. But note that should Maica decide to utilise the rights issue
proceeds to acquire Sunsuria’s remaining landbanks, Maica’s could achieve a net profit
of RM170m by FY17.
 Key risks include: a) rising interest rates, b) tighter lending policies by banks, and c)
rising costs of raw materials that lead to margins erosion.
VALUATION/RECOMMENDATION
 Maintain BUY and target price of RM1.98, based on a 40% discount to our SOTP
valuation of RM3.30/share. Our target price implies a hypothetical 5.3x FY15F PE.
 Currently, our valuation assumes Maica acquires 50% of Sunsuria’s key existing
landbank at market prices, with each incremental 10% stake increase in Sunsuria
potentially lifting Maica’s FY17 net profit and RNAV by RM18m (11.3 sen/share) and
RM72m (45 sen/share) respectively
SHARE PRICE CATALYST
 The imminent acquisition of Sunsuria’s landbank

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like this

2.75 4.5 5,,,, SJ SECURITIES,,, SUPPORT IS 2.75,,, TARGET 1--4.5,, TARGET 2--- 5


WOW CAN IT GO LOW TO 2.75????

some comments on datasonic by sj securities


DSONIC (5216) 11-2-14 3.370 -0.010 2.75 4.5 5 Dn Sw Up lower on continued profit taking, hit intra-day low of 3.34,
formed a small black candlestick, in consolidation, ST trend is
down, LT trend is up.
2.73
2.47


ACTUALLY WHAT IS THIS SMALL BLACK CANDLESTICK?? ANY EXPERT FROM THIS FORUM CAN EXPLAIN PLSE??

Key Support & Resistance level
Resistance : RM1.28 (R1) RM1.37 (R2) RM1.44 (R3)
Support : RM1.00 (S1) RM0.97 (S2) RM0.91 (S3)
Outlook : Bullish
What does indicator says:
MACD : Bullish
Stochastic : Bullish
RSI : Bullish
Trend : Bullish
What should you do:
Strategy : Not Rated
Current Share Price : RM1.15
Fundamental Call
KNK : N.A.
Consensus : N.A.

About the stock:
Name : Melati Ehsan Holdings Bhd
Bursa Code : MELATI
CAT Code : 5129
Market Cap : 137.6
52 Week High/Low : 1.16/0.55
3-m Avg. Daily Vol. : 57,561.3
Free Float (%) : 43.7%
Beta vs. KLCI : N.A.
Leading turnkey contractor - MELATI reported a whopping 61% YoY
jump in earnings during its 2Q14 result announcement on 29th-April.
This has convinced investors on the potential and prospects of the
stock which prompted the share price to rise 19 sen (+19.8%) to
RM1.15 on Wednesday. From a technical perspective, MELATI has
confirmed a “Bullish Pennant” chart pattern, hinting that the share is
ready for a major upside movement. High trading volume coupled
with the MACD-Signal line positive cross-over are suggesting that
the stock is firmly biased to the upside. We suspect that buying
interest would persist and extending gains over the next few days.
Traders who look to buy into the stock could target to take profit at
RM1.50, while placing a stop-loss at RM0.97.

Highlights / Stock Picks of the Day--------------kenanga technicals
Melati Ehsan Holdings Bhd (MELATI) – Not Rated
Leading turnkey contractor - MELATI reported a whopping 61% YoY jump in earnings
during its 2Q14 result announcement on 29th-April. This has convinced investors on the
potential and prospects of the stock which prompted the share price to rise 19 sen
(+19.8%) to RM1.15 on Wednesday. From a technical perspective, MELATI has
confirmed a “Bullish Pennant” chart pattern, hinting that the share is ready for a major
upside movement. High trading volume coupled with the MACD-Signal line positive
cross-over are suggesting that the stock is firmly biased to the upside. We suspect that
buying interest would persist and extending gains over the next few days. Traders who
look to buy into the stock could target to take profit at RM1.50, while placing a stop-loss
at RM0.97.
Outlook Bullish
Key Resistance level RM1.28 (R1) RM1.37 (R2) RM1.44 (R3)
Key Support level RM1.00 (S1) RM0.97 (S2) RM0.91 (S3)
Strategy Not Rated Current Price RM1.15

6:10PM LBS GATERICH SDN BHD (FORMELY KNOWN AS INTELRICH SDN BHD) (346,800 units Acquired)
6:10PM DIALOG Employees Provident Fund Board (200,000 units Transacted)
6:09PM LBS DATUK LIM HOCK GUAN (346,800 units Acquired)
6:09PM LBS MEJ. (K) DATO' SRI LIM HOCK SING (346,800 units Acquired)
6:09PM LBS DATUK LIM HOCK SEONG (346,800 units Acquired)
6:09PM LBS DATO' SRI LIM HOCK SAN (346,800 units Acquired)

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tonylim Johnny who remove

insiders of this i3 site,,today some wrong ones are sitting there

some insider needs only positive news,,but anything negative eventhough if it is truth will be removed

many post on i3 investor are being removed today,,very fishy insider job...

MAJORITY OF COMPANIES ARE NOT GETTING ANY PROJECTS,,THEIR ORDER BOOK IS DEPLETING BADLY...I DO NOT WANT TO MENTION THE COMPANIES NAMES HERE,,PLEASE DO YOUR OWN RESEARCH BEFORE INVESTING IN THIS 2 SECTORS

THINGS ARE GOING TO SLOW DOWN FROM NOW ONWARDS

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vital messages are being removed,, on this site,,beware please,,some parties needs positive news only,,negative ones are being removed

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there are some parties that only like positive to be posted,,anything negative will be removed,,do not know who is doing this,,insider of this site ha

yes many posted messages are being removed, take alert please

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it is actually showing a good behaviour to bursa police,,cause bonus issue not completed yet..

Posted by ChartMaster > May 2, 2014 11:01 PM | Report Abuse

still strong down trend signal based on chart , it will consolidate for a very long time, drifting down


Can it be pretending,,take example inari just shot up suddenly

http://www.thesundaily.my/news/1034454

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http://www.bernama.com.my/bernama/v7/bu/newsbusiness.php?id=1035106

http://www.nst.com.my/business/todayspaper/1mdb-funds-back-home-1.583026

christopher6868 Johnny cash now you say pray....u r one of the culprits running mudajaya down.....up to the extent of potraying yerself as racist.....the fundamentals are strong...u speculate...full stop.
01/05/2014 10:40

I am saying the truth..everybody has the right to say anything, who are you to control it..there are times when we admire the stock, and there are also times when we get piss out with it. it s very normal lah.. who are you to control other people mind.. you want everyone to talk positives always on mudajaya.. what is a purpose of a forum,, is to hear everything it can be positive or negative..if want to hear always positive, then be a monk lo

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Icon8888 Johnny which research house ?
02/05/2014 10:12

uob kay hian,,dated today 2/05/14

Global Oriental (GOB MK)
Technical BUY with +20.8% potential return
Last price : RM1.01
Target Price : RM1.11, RM1.22
Support : RM0.940
Stop-loss: RM0.935
BUY with a target price of RM1.22 with stop
loss placed below RM0.935. GOB’s share price
saw a steep correction from the recent high of
RM1.22 to a low of RM0.935 before
rebounding last Wednesday. Given the white
candle has successfully closed above the
50.0% Fibonacci retracement level of RM0.970
after rebounding within the golden ratio of
61.8%, we opine that the recent correction
phase has ended as GOB has also closed
above the 21-day SMA line. The uptick in the
RSI line which resulted in a bullish cross above
the 50pt threshold points signals the potential
emergence of fresh buying interest, thus we
expect the rebound to be sustainable as GOB
is likely to retest the recent high of RM1.22
over the medium term.

Barakah Offshore Petroleum
(BARAKAH MK)
Technical BUY with +20.7% potential return
Last price : RM1.69
Target Price : RM1.90
Support : RM1.60
Stop-loss: RM1.58
BUY with a target price of RM1.90 with stop
loss placed below RM1.58. BARAKAH’s share
price breached the immediate resistance of
RM1.60 on 22 Apr 14 after consolidating in a
tight range since 25 Feb 14. BARAKAH had
climbed and hit a new high of RM1.69 before
profit-taking activity pulled the share price
lower. Nevertheless, the share price remained
steady above the rising trendline, thus last
Wednesday’s retest of the recent high should
signal the potential continuation of the previous
uptrend. Given the uptick in the RSI, positive
momentum should lend support to the share
price so that it can nudge higher and possibly
retest the all-time high of RM1.90 in the near
term.

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http://nexttrade.blogspot.com/