public holdings less than 20% ..all owned by the boss.. it's a money making company it's share price are under control. buy and keep to earn a decent dividends.
HAPSENG (Not Rated). HAPSENG gained 23.0 sen (2.4%) yesterday to close at an all-time high at RM9.77 on the back of decent trading volume of 0.5m shares exchanging hands. Yesterday’s breakout took out the key resistance level of RM9.67 in which was previously retested thrice over the past 2 weeks and we believe that this could signal a continuation of a prior uptrend which keeps the technical picture intact. In addition, with the share price above key SMAs and an uptick on the MACD line which is above the zero line, we think that the share price will have a positive outlook in the immediate term. All in, we expect the share price to trend higher towards key psychological resistance level of RM10.00 (R1) or further up, at the resistance level of RM10.50 (R2). Meanwhile, immediate support can be found at resistance-turned support at RM9.67 (S1), with a lower key support level at RM9.50 (S2).
copy from Daily Technical Highlights - (JAKS, HAPSENG)
looking forward, the price is trending at a steady slope up. So should buy whenever there is a chance (sudden drop in price). Or just blindly accumulate whenever one has additional money to invest
U should buy more and more of BORNOIL where he & family has big interest in Bornoil! Will be an explosive company coming very soon. Wait for green lights on some of bornoil's big project announcements in 2018!
Told u to buy and just keep forever. Its second flagship conglomerate Bornoil is transforming soon...I do not have all the details but who knows there will be shares swapping and entitlement exercises involving Hapseng and Bornoil. I know something hot is brewing behind the scenes because Bornoil is currently in possession of a palm oil biomass converter deemed to be a gamechanger for the entire palm oil industry because palm oil crop produces the highest biomass yield per acreage! Hsplant latest stake buyout of kretam is also as expected. One of the end product from Bornoil's state-of-the-art biofraction plant easily revives the crop yield of kretam's crop plantation significantly. Those in plantation industry should know what I mean by now but the key enabler is the effective conversion and extraction.
Good news for KLSE and Malaysia's economy with budget 2020... Like that our KLSE will spike up to break above 1,800 points ~ 2,000 points after budget i.e year 2000, 2021 and etcs
Wow, US cuts interest rate again, like that Malaysia will follow soon ! Lower interest rate is good for stock market and all other sector to become bullish and prosperous !
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....
ctooi51
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Posted by ctooi51 > 2018-01-16 17:13 | Report Abuse
public holdings less than 20% ..all owned by the boss.. it's a money making company it's share price are under control. buy and keep to earn a decent dividends.