Posted by CityTrader > 2014-02-12 21:14 | Report Abuse

Does it look like a flag & pole?? Unclear as i saw it last nite thus expected it to move today. If based on TA A,B,C, tmr shall fly if i dont read it wrongly.. Cheers!!

Posted by LTInvestor > 2014-02-12 22:54 | Report Abuse

well said sklyte

Posted by lee9fold > 2014-02-12 23:16 | Report Abuse

LT...u will hold till rm2? lets hold tgt LOL

Posted by sklyte > 2014-02-13 09:37 | Report Abuse

nobody is buying now, shall wait below 69 $

Posted by ltinvestor > 2014-02-13 10:16 | Report Abuse

lee9fold RM2 can happened by July 2015 onwards..not in near term. Once the highway is self sustained, spinning of O&G and Highway is not impossible

Posted by Azli > 2014-02-13 11:52 | Report Abuse

Vol is coming...

Posted by nazrul90 > 2014-02-13 15:11 | Report Abuse

keep it going down.

Posted by kudakilat > 2014-02-13 17:05 | Report Abuse

more new homes Kajang , Bangi .. outside KL ... means more cars , more volume for its toll ...

Posted by dragonfruits > 2014-02-13 17:07 | Report Abuse

drop back to 0.5 and let me buy more

Posted by rikki > 2014-02-14 09:49 | Report Abuse

CT.....Silk coming back.....;)

Posted by CityTrader > 2014-02-14 09:51 | Report Abuse

Rikki, tqvm. Im stil holding n hope my ta is not wrong but cold sweat for past few days. Bro skyhawk is right that price dipped to 665. I didnt buy at that lvl as no fund.

Posted by rikki > 2014-02-14 09:53 | Report Abuse

I am still holding tight.....skyhawk v accurate on Silk....but seldom see his posting in i3.

Posted by lee9fold > 2014-02-14 09:54 | Report Abuse

today surge can maintain? yet to see

Posted by CityTrader > 2014-02-14 09:58 | Report Abuse

Rikki, i have observed him n he is indeed very good. Risk trader not bad too. Those good have less words.

Posted by lee9fold > 2014-02-14 10:04 | Report Abuse

CT...alot ppl desperate to sell off also

Posted by CityTrader > 2014-02-14 10:30 | Report Abuse

Kuya lee, being a trader needs patient esp im a wave analysis that needs patient. Unless u are a punter trading based on surge trend.

Posted by LTInvestor > 2014-02-14 11:01 | Report Abuse

CT, is it going to fall further based in your chart analysis?

Posted by CityTrader > 2014-02-14 11:08 | Report Abuse

My personal view but not suggest of buy or sell call on silk as below.

Upleg is incompleted as recent is a minor retracement. If based on my ta, it didnt retrace even to 1st lvl 64c thus upleg is stil intact but based on kuya hawk ta, yes, it retraced to the 1st stage lvl oredi. Since there re 2 different ta points of view, no harm to take them as ref. Cheers.

Posted by CityTrader > 2014-02-14 11:10 | Report Abuse

My first round sold with handsome profits but this round, im stuck at 76, 75 & 725. Can u honestly so i dont have vested interest, haha. (trade marke from dragon) kikiki.

Posted by skyhawk > 2014-02-14 11:11 | Report Abuse

Good morning to all,
Silk.....today price up is only temporary.It is now in subwave4 of corrective wave A.Only to be consider bullish if price close above 0.74 with high vol.Today the vol is not there....be careful...
:D

Posted by lee9fold > 2014-02-14 11:39 | Report Abuse

so bro hawk u foresee will further drop to 65?

Posted by skyhawk > 2014-02-14 11:41 | Report Abuse

Bro lee...I will be waiting there...hehehe...

Posted by lee9fold > 2014-02-14 12:42 | Report Abuse

so 0.65 onwards is 3rd wave up? from there yr tp will be 0.8x and 0.9x?

Posted by skyhawk > 2014-02-14 13:26 | Report Abuse

Bro lee....will starts to collect around 0.65/0.63.Expecting W3 to reach...1.02/1.42.There after if extension...will be...2.05.Just my2c.

Posted by CityTrader > 2014-02-14 13:35 | Report Abuse

Kikiki, tq bro hawk. Although cold sweat, i m not worried about this stk. Since hold, will hold until my final upleg or major retracement.

Posted by CityTrader > 2014-02-14 13:38 | Report Abuse

Bro hawk, our analysis is more or less the same except we look at diff time frame of chart. I cant tambah oredi as no more fund unless sona n pdz hit my tp. Cant take small profit like i used to b as no worth. Follow my idol, sephiroth who can profit above 20%.

Posted by nicholas1184 > 2014-02-14 13:38 | Report Abuse

cheers!!! I believe it will go up back...since the company has good future earnings

Posted by skyhawk > 2014-02-14 15:12 | Report Abuse

Bro CT...I adopt a different strategy.....riding on the impulsive waves to maximise my profits.(since there are 3 impulsive waves =
3 X profits...(easily can get 20%)This will help to release my capital(during the retracement) for other profitable trades.Just my2c.

Posted by CityTrader > 2014-02-14 15:20 | Report Abuse

Bro hawk, that great to note. Daily n monthly chart yield vast result.

Monitoring 2 ctrs for time being, mkland n l&g that these 2 jst broke out from res. The critical point for mkland is 475. Once it breaks that point, w3 that wat i look from my chart.

Posted by LTInvestor > 2014-02-14 15:47 | Report Abuse

looks like its all +ve today including Asia & EU and will continue nxt week

Posted by lee9fold > 2014-02-14 15:59 | Report Abuse

LT...u bought in during 40 sen?

Posted by kelly_83 > 2014-02-14 16:15 | Report Abuse

I'm bought in during 0.535 sen

Posted by lee9fold > 2014-02-14 16:25 | Report Abuse

good...u bought in early

Posted by LTInvestor > 2014-02-14 16:31 | Report Abuse

lee9fold 46 sen, but sold and bought back at btw 68-74

Posted by hepitrade > 2014-02-14 16:36 | Report Abuse

lee, i bought @ 50c but sold also.. left 20% only...

Posted by lee9fold > 2014-02-14 17:29 | Report Abuse

i tot LT so loyal want to hold till rm2 straight hahaha

Posted by Joel > 2014-02-15 13:03 | Report Abuse

O&G & Infrastructure

SILK Holdings is an investment holding company with a 70% interest in Jasa
Merin (Malaysia) S/B, an offshore supply vessel (OSV) owner and operator,

and a 100% stake in Sistem Lingkaran-Lebuhraya Kajang S/B, the
concessionaire for the 37km Kajang Traffic Dispersal Ring Road (KRR) with
a 23-year concession period remaining (expiring on 31 Jul 2037).

Do u know,... Jasa Merin (M) Sdn. Bhd. owned 13 AHT/AHTS & 3 SSV.
Total of OSV are 16.

Posted by Joel > 2014-02-15 13:05 | Report Abuse

Do u know...

5th largest OSV operator in Malaysia

Jasa Merin (Malaysia) S/B (JM), which commenced operations in 1982, is an offshore support vessel (OSV) owner and operator, providing services to oil majors operating in Malaysian waters.

It has over 30 years of experience with an excellent track record and is recognised by the oil majors.

JM is 70% owned by AQL Aman S/B, a 100%-subsidiary of SILK Holdings, with the remaining 30% owned by State-owned Terengganu Incorporated S/B (TIA).

Posted by Joel > 2014-02-15 13:06 | Report Abuse

Prospects are bright for JM to capitalise on the wave of opportunities in the Malaysia OSV market.

Higher drilling activities, increasing demand for platforms and floating solutions, rising development for enhanced oil recovery (EOR) activities and deepwater explorations augur well for the OSV market.

Posted by Joel > 2014-02-15 13:07 | Report Abuse

Stronger group profits ahead

SILK Holdings to deliver group net profits of MYR11.0m in FY7/14 (FY7/13: MYR4.4m) and MYR29.3m in FY7/15 with the growth coming from

(i) three new OSVs in FY7/14 and a full stake in four existing OSVs effective Dec 2013 which were previously 51% owned, and

(ii) continuous robust traffic growth at the KRR and a toll hike (+38% for Class 1 vehicles) due in 2015. In 1QFY7/14, SILK Holdings reported a net profit of MYR2.2m, and our forecasts assume another MYR8.8m in 2Q-4QFY7/14.

Posted by ran777 > 2014-02-15 15:17 | Report Abuse

Good eye opening articles and facts. Thks

Posted by ran777 > 2014-02-15 15:19 | Report Abuse

Thks Joel. If u have any news or if u hear somethigd pls do share in this forum

Posted by CityTrader > 2014-02-15 17:54 | Report Abuse

Risk Trader,, i know u are stil holding Silk & may i have your 2nd opinion, TQ. Im of the opinion that the uipleg is incompeted but i may be wrong. TQ. My TP1=0.74 (hit) TP2=0.86, TP3=0.96

Posted by yoda88 > 2014-02-15 23:31 | Report Abuse

silk should be performing again next week

Posted by Joel > 2014-02-16 08:42 | Report Abuse

The global OSV market will witness growth over the next five years as key performance indicators such as offshore Capex, the number of wells to be drilled, and the number of new platform installations scheduled, are all set to increase incrementally through to 2013 before peaking in 2014.


Posted by Joel > 2014-02-16 08:43 | Report Abuse

Within South East Asia, the two countries with the greatest forecast investment in their offshore O&G industry, in terms of platforms and subsea, are expected to be Malaysia and Indonesia. These two countries are developing both their shallow water plays, whilst also moving towards the deep waters” [Source: ISL].

Posted by Joel > 2014-02-16 08:43 | Report Abuse

Current OSV fleet may not be sufficient in meeting demand due to charterers’ increasingly demanding requirements, and the push for younger and “greener” vessels by regulators.

Posted by Joel > 2014-02-16 08:44 | Report Abuse

There are nearly 400 Anchor Handling Tug Supply (AHTS), and Platform Supply Vessels (PSV) in South East Asia. Further 500‐800 other OSVs including Construction Support Vessels (CSVs), Dive Support Vessels (DSVs), Tugs, and Crew boats.

Posted by Joel > 2014-02-16 08:44 | Report Abuse

It represents approximately 20% of the global OSV fleet of about 2000-2500 vessels . Majority of the OSV fleet in South East Asia are smaller in size.

Posted by Joel > 2014-02-16 08:44 | Report Abuse

OSV market has witnessed a stable period over the last few years due to the financially strong IOCs and NOCs in Malaysia. [Source: ISL]

Whilst charter rates became depressed in other global regions, the rates in the Malaysian market remained comparatively buoyant. [Source: ISL]