if it stays at 0.69, it will rebounce soon.

the reason is that the asset acquisition which people expected them to announce at the end of May did not materialised. Once there is more news about the asset acquisition announcement date, it will be active again. For mid/long term, it still has the potential to hit 1.29 like hibiscus. One has to be patient

as long as it holds above 0.85, its next target is 0.95

it can probably fall by another 10% or more as the RSI is still very high (over 95)

Should see more action this week and it is certainly good for mid/long investment too.

More details http://klse.i3investor.com/blogs/rhb/31351.jsp. ESP = 0.38 sent for FY14. If using the average O n G sector PE 0f 15, Favco has a TP of 5.70 (0.38 X 15). Good upside for mid/long term players

Nikkie (BOJ did not introduced more policy yesterday to clam the bond market because they are confident, so market will realise this) will rebound today to green eventually so malton will be more excited after lunch

Favco is a very good undervalued O n G counter with TP of 3.35 yet its PE is only 10. The RSI is still low, so it will shoot up today.
http://www.theedgemalaysia.com/business-news/241637-rhb-research-maintains-buy-on-favelle-favco-fair-value-rm335-.html

actually people should start looking at redtone again, it appears attractive again at 0.69 with support and with less sellers now

if it closes over 0.85 today its next target will be 0.95

Malton is undervalue http://www.theedgemalaysia.com/business-news/241561-hot-stock-undervalued-malton-share-warrant-rise.html

it will be more exciting in the 2nd session as it will be up again.

you may want to start thinking of moving out from GOB and tambun and go into Malton. Malton has also got the Batu Kawan play plus others (iskandar, pavillion). Again it still has a low PE of 4.8. RHB research has a TP of 1.80 for Malton http://klse.i3investor.com/blogs/rhb/31228.jsp
Malton still has potential 100 % upside compared to GOB and Tambun

it is building today's base at 0.87/0.88 before moving higher later

it will bounce back to over 1.00 today

still can buy as the PE is still low and RSI is still not too high yet and somemore it has break 0.80

people should start switch over from Tambun and GOB to Malton as it has over 120 % upside. Tambun which has the Batu Kawan play has already hit 1.37 so Malton which has also has the Batu Kawan play plus the pavillion 2 play plus its low PE of 4.8 should catch up soon. RHB research has a TP of 1.80 for Malton http://klse.i3investor.com/blogs/rhb/31228.jsp

RHB research has a TP of 1.80 for Malton http://klse.i3investor.com/blogs/rhb/31228.jsp

yes. it should be exciting in the afternoon session

people should switch over from Tambun and GOB to Malton as it has over 120 % upside

Tambun which has the Batu Kawan play has already hit 1.37 so Malton which has also has the Batu Kawan play plus the pavillion 2 play plus its low PE of 4.8 should easily hit 1.00by this week

hitting 1.00 soon

people are collecting it as it is a laggard and funds will start rotatating to this O and G stock so it will close high

agree, once it breaks 1.55, it should start moving fast

will see more action this afternoon.

pantech will see good action today

It may be up a bit in the early morning on Monday and drop later and closes red on Monday

one with the mid/long term view on Clig-wa will be rewarded handsomely. If one follows hibiscus-Wa pattern, one can see that the WA will evetually hit 1.39 when these steps :- the acquisition announcements -> SC approval -> EGM and share holder approval are unfolding. So if one can wait for these events to unfold, one can get a return of about 300% return based on 0.445 for Clig-WA too. Again pls do your own reseach on cliq-wa too.

if pantech can go over 1.00 next week and hold, it should move to the next target 1.20/1.30

it will go down first before moving up higher. So it could be in red today due to overbought

I am not suprised if it is closing red today as it is very much overbought.

I think redtone will drop further as its RSI is high > 92 %

Thanks Ooi. It is good that we share and exchange info and arguments here.

I am using the sector average PE so that I can do an apple to apple comparison.

Sorry The WA is not expired until 2020.

Q1 - Pantech management team is a strong team with vision and their execution is good. Look at Nautic Steel is a good example and how they turn around the loss making steel section in a short period. Analyst has been saying that Pantech is looing for new opportunities to repeat the success of Nautic Steel. Thus their growth rate is very much sustainable.

Q2 - Now people have realised that its 80% profit is from the O n G sector and it is not a steel company (that is why its PE only in the 5-8 range). Thefore Pantech should command the PE of 14/15 now and follow the O n G company. (look at Dayang and perdana, it PE has already been rerated to 14 )

Q3-refer to Q1
Q4 - dilution effect of the warrants and loan stocks in EPS has been considered. The WA is not expired until 2012. Do you think everyone will convert all in this one of two years considering they have another 7 years to do so. So the conversion effect is minimum.

In the coming few years, the O n G sector will be in the Bull gear due to Petronas investment. Don't forget, in the 2007 O n G sector bull run, the average PE was 20~23. So the pantech's PE of 12 or 16 is still very conservative. I believe, Pantech PE wil be rerated to 15/16 after thier result in the coming quarter is announced and eventually the its PE will be rerated to 20 when the coming quarters are showing solid results.

Pantech's estimated FY14 EPS is 12 cent and FY15 ESP is 15, it growth rate has been over 16 % year on year. So based on a rough calculation the projected ESP based on 16 % year on year growth rate would be over 21 cent in 5 year time. Based on the PE of 12, the TP would be 0.21 * 12 = 2.51 and based on the PE of 16, it would be 0.21 * 16 = 3.31.
Don't forget we should expect to see new stainless steel plant (it was in red in the prevuios FY) to contribute possitively to the good result this year.Also its Nautic Steel, has the potential to grow further as Pantech is waiting for the local authorities in UK to approve its application to convert a retail warehouse into a factory.Thus the UK unit would contribute a fair bit of the group’s bottomline this year too. All these factors willcertainly boost up it future EPS and growth rate. The mother share will retreat to 0.60 if KLSE go back to 1000 ~1200 again. I am sure once the selling by the GL group is completed, the mother will move near to 1.20 before eventually hitting 1.40 or more. It is a growth compamy with strong fundamental and paying dividend and some more it is in the O n G sector. its Nautic Steel is a global brand with big clients like Petrobras, Saudi Aramco and Petronas. Furthermore Pantech has set its sights on achieving MYR1.0bn in revenue by 2015.

Infact the Pantech-WA is more interesting to own and buy. With the conversion price of 0.60 and its expiry date in 2020, it is very actrative compare with the mother share. I encourage those with a longer term view to pay attention to pantech-WA stock. If the mother share hits 1.40, the pantech-WA can hit 0.80. Imagine that when the mother share is rerated to have a PE of 16, its TP will be 1.92 and the pantech-WA can hit (1.92 - 0.60) more than 1.32. Looking at the closing price of 0.41, pantech-WA can give over 300 % return if one can have the patient to wait and hold for a longer term (6 mths to 1 year)

at PE of 12 the TP for pantech is 1.43. I am sure Pantech's coming quarter result will be very good as it's steel section ( 20%) wil lbe contributing nicely and again its O n G section (80 % of the profit) should be excellent too. Recently we have seen that a lot of O n G counters have their PE revised to PE of 15/16. So let's say Pantech's PE is rerated to 16 after is good result, its new TP will be 1.92. So at 0.90 now, it has a 100 % upside in 6 months to 1 year. So it is a very good fundamental share to collect for people with long term view.

good to collect the beatean down O n G stocks such as perisai too

if one can wait and hold for 6 months, one will see a nice return.

so starting nibbling today would be good to get ready for next week's movement.

if what the article mentions is accurate http://www.cliqenergy.com/docs/press_releases/11%20may%2013%20FOCUS%20(%20Bulls%20%20Bears%20-%20pg%2046).pdf . We should see more upside movement starting next week then.

if one is looking for mid term view (+ 6 months), price between 0.40 and 0.50 will be good to accumulate as it has a potential to go up to over 1.30 once the asset acquiresition is announced and eventually approved

harloleong pls study the Hibiscus-WA chart with data starting from July 2011. The rest of the info I gathered and summrized after reading the info from the edge

Cliq-WA can move to the region of 1.29 within 6 months once the asset acquiresition is approved. Again this should be similar to the pattern of Hibiscus-WA (it hit 0.69 after the announcement and hit 1.29 when approved is granted). The only difference is that Hibiscus took 3 months after their listing to make the asset acquiresition announcement. So if Cliq can make the acquiresition announcement by end of the month, then it is very good.(looking forward for WA to hit 0.70)

Cliq-WA will have a similar pattern with Hibiscus-WA (both are SPAC which involve in O n G), once the O n G asset acquisition is announced, it should be in the region of 0.55 to 0.70.
I think the reason it has been up in the last few weeks because there is news that the announcement of the the O n G asset acquisition should be out before end of the month. So I think the profit taking today is normal.

this will be the main factor for it to move tomorrow.

after its Q1 result is announced tonight, it should perform better tomorrow. I am collecting more slowly.