Stocks on the move… TDM (TDM MK) – BUY BUY with a target price of RM1.19. The share price has gradually recovered and successfully breached the psychological support of RM1.00 yesterday. Given the higher trading volume of 33.7m recorded as well as a bullish crossover in MACD, we expect further continuation towards our revised projected target of RM1.19 in the near term. Matrix Concepts Holding (MCH MK) – BUY BUY with a target price of RM3.58. Yesterday’s 12-sen surge on the back of a higher trading volume of 1.6m shares suggests a genuine breakout, thus an upward continuation is likely. Given the bullish crossover in the MACD, we expect the share price to move towards our projected target of RM3.58 in the near term. Suria Capital Holdings (SURIA MK) – BUY BUY with a target price of RM2.79. The share price breached the 52-weeks high of RM2.47 yesterday. A positive closing above RM2.47 would ensure another up-leg towards RM2.79 in the near term. Alternatively, a failure to close above the immediate resistance could place the share price lower on the back of profit-taking expectations.
YESTERDAY UOB KAY HIAN RECOMMENDATION,,,,TDM IS MENTION ALSO
you are right Susuan. We have to compare the current price with the price before bonus and share split. Furthermore, look at the recent TDM's financial result, how it can worth for it?
You are absolutely right!! TDM made losses for the second quarter... I sold all mine from 90 cents downwards, even though i didnt make as much as I would have if i had sold it these last 2 days, no regrets, coz it's definitely not worth the price now.. 98.5 cents! I bought at 1.80 before bonus/split, and made quite a tidy profit.
You bought at 1.80 before bonus/split ? it was dump low price. I bought at 2.90 before bonus/split and sold all at 0.97 after bonus/split. At 0.97, it was equivalent to 5.82 before bonus/split. At 2.90, TDM's result was good, and now at 1.00, TDM's result was too bad.
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Posted by snow white > 2013-11-18 11:27 | Report Abuse
maybe in ten years time