Is a good sign with maintain high trading volume momentum since last month. Ist Target RM0.56 2nd Target RM0.64 Cut loss below RM0.50 Buy on possible rebound above RM0.53
Sure looks like it. Europe saw rather steep falls in the various markets and the US isn't doing well either (although sometimes it might surprise with an about turn after lunch).
BSKL has been doing well - it was strong in the morning before being influenced by the other Asian markets. I agree with KL Vin - there would be buying opportunities should our market go down.
Maintain OVERWEIGHT. continued confidence in the sector is premised on the steady project news flows that we have seen from Petronas. Key themes underscoring Malaysia's oil and gas play will be the four key thrusts outlined in the (ETP) which are 1) sustaining oil and gas production, 2) enhancing downstream growth, 3) making Malaysia the number one Asian hub for oil field services and 4) building a sustainable energy platform for growth. YINSON (OP; TP:RM2.68) is now our TOP PICK for its position as a proxy to the burgeoning oil and gas market in Vietnam. Meanwhile, we have OUTPERFORM calls on Alam Maritim Resources (OP; TP:RM1.14), Coastal Contracts (OP; TP:RM2.53), Dialog Group (OP, TP:RM3.09), Petronas Chemicals Group (OP; TP:RM7.46), Seremban Engineering (OP; TP:RM0.55), Uzma (OP; TP:RM2.55) and Wah Seong Corporation (OP; TP:RM2.23), and UNDERPERFORM calls on KNM Group (UP; TP:RM0.73) and MMHE (UP; TP:RM4.65).
ALAM intends to bid for Petronas (Petronas) to 16.4 billion 80 million ringgit development of the North Malay Basin, part of the project, while not rule out the revenue this year, will receive double double-digit pace. Company Managing Director and Chief Executive Officer said that the end of the Ards Mia will use their own advantages in the local competitive bidding projects, including transmission station for the Petronas gas in the North Malay Basin oil and gas development plan collective projects. As for the joint venture cooperation with Saudi Arabia Globe marine services company, he revealed to have begun to expand the competitive bidding project in the Saudi Arabia region. The company is armed with 700 million ringgit orders busy enough for 2-3 years, including two ship contract for 14 years, the net debt ratio 1.1. The company is actively integrated offshore support vessels (OSV) and offshore installation and construction (OIC) markets, to increase the utilization rates of ships, to provide the niche field of deep-sea exploration and remote control with (ROV) services, to improve competitiveness to provide customers with comprehensive services. "We are ready to provide related services, is expected to offshore installation and construction of the business will continue to grow, to contribute to the second half." When asked, and whether he has set the profit target this year, he said that is still impossible to predict the profit amount, it is expected that performance will be better than last year, does not rule out that the turnover of the possibility of double-digit growth.
I like this waterfall stock.Touch bottom and foresee to rebound. Let invest more time to review ALAM on 2H12 further profit performance of the possibility of double-digit growth.
Is right time to collect more on current stage of share price.Have a good investment day's.
Buy stocks is to buy shares of the company. To buy shares is to buy part of the business and assets of the company, called investment. Investment in the success or failure depends on the success of the company, not to determine the ups and downs in the stock market. As long as the company's profit is higher and higher, your shares will become increasingly valuable, also increasing your wealth. So, after you buy stocks, you should be concerned about the progress of the company's business, not the ups and downs of the stock.
Just for sharing my opinion.Have a nice investment day's.
there are a number of institutional player in the top 30 shareholders ......an indication of good company.
fundamentally, the business model is pretty alright but the whole industry is in glut position....margin erosion is widespread phenomena. when a great company meet with industry reccession, price heading down south but company is remained intact in business......wowo....keep yr eyes open!!!!!
i bot yesterday and this morning at average rm0.54.....sold at rm0.565...just a quick profit....but i will accumulate it the price is coming down again.....i dun like when the qtr in top 20 most active ctr...i believe a lot of buyer will not take it
hehehe adalah sikit-sikit cukup, datuk please don't take hard what we wrote last week, it's all just 4 fun, just to relax, all the best to you datuk hehehe
Yeah, it appears only some selected counters are up, particularly the index-related. Plus some of the contra players' favourites, including penny stocks. Have to go with the trend - nowadays, it's no longer "buy and hold"... more of "hit and run".
Short-term investment will impair by high risk.Suggest to buy in weakness and cut loss is needed to keep basic investment capital.I keep collecting on current stage of share price.Have a nice investment day's ahead.
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....
kcfan
1,881 posts
Posted by kcfan > 2012-06-25 20:13 | Report Abuse
Is a good sign with maintain high trading volume momentum since last month.
Ist Target RM0.56
2nd Target RM0.64
Cut loss below RM0.50
Buy on possible rebound above RM0.53