Highlights / Stock Picks of the Day - C.I. Holdings Berhad (CIHLDG) – Not Rated
Author: kiasutrader | Publish date: Thu, 7 May 2015, 11:17 AM
Technical speaking, CIHLDG has formed a bullish “Flag” pattern post the breakout through the resistance-turned-support level of RM2.20. However, the breakout is not convincing as due to the thin daily trading volume as well as the forming of a “Shooting Star” candlestick. Additionally, both Stochastics and RSI are trending close to the overbought territory, suggesting that a short-term healthy consolidation is imminent. As such, we advocate traders to look out for a surge in trading volume (to confirm its bullish uptrend) before entering the stock which could rally the share price towards our measurement objective of RM2.77. Meanwhile, immediate support level can be found at RM2.13 (S1).
it's true also...from 2.91 to maximum 3.50....so little upside....but high risk....somemore this one not even blue chip...later get stuck at high price tough luck...sell tropicana twister drinks only...
688888 no poinnt telling them so much I TRIED TO EARLIER WHEN IT WAS ABOUT $2 ringgit that it will reach 5 TO 6 ringgit I even told them the reason why it will go up see my earlier comments but i was laughed at so I am laughing back now
KUALA LUMPUR (May 8): C.I. Holdings Bhd ( Financial Dashboard) jumped as much as 17.6% in morning trades today following a return to the black in its third quarter financial results announced Wednesday.
At 11.22am today, C.I. Holdings (fundamentals: 1.85; valuation: 0.6) jumped 39 sen or 16.4% to RM2.77. The top gainer saw trades of some 1.2 million shares. It had earlier hit a high of RM2.80.
The manufacturer of edible oils and water taps could not be immediately reached for comments when contacted by theedgemarkets.com.
InterPacific Securities’ remisier Sam Ng said that while the firm has reported improved financial results, he was amazed by its share price gain thus far.
“We don’t know for sure what is attributed to the share price gain,” he said over the telephone, noting shares of the company have largely been illiquid except for the volume spike in March.
The stock appeared to be expensive at a price-to-book of 2.8 times, according to The Edge Research in its Stocks With Momentum report today.
It said the stock gained 5.8% on Wednesday ahead of its third quarter results ended Mar 31, 2015.
C.I. Holdings posted a net profit of RM2.1 million as compared to a net loss of RM2.1 million in the previous corresponding quarter, while revenue soared 640% to RM71.02 million from RM9.59 million previously.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
688888
266 posts
Posted by 688888 > 2015-05-08 14:40 | Report Abuse
Hoot arrrrrrr