Kananga must have valued the reclaimed land on the high side. I think they dunno the value of reclaimed land. not apple-to-apple. Good to check with friends in the property valuation agency.
Technically, yesterday’s volume-driven breakout above the SMAs and the triangle formation is a bullish indication that the stock’s price has ended its consolidation and would continue to trend upwards.Given the positive short-term outlook, we expect the stock’s price to breakout above the 50% FR level of RM1.30 and move towards the next major resistance region of RM1.40-1.47 in the short term. Any further breakout above RM1.47 would then lead to a retest of its all-time high of RM1.61 over the medium term.
it's won't drop below 1.17..because leaw family strong support at 1.17 already...no others buying ,so, it dropping...but it will increase cent by cent per week i think...hahah....
when did KWAP disposed? 2/8 is last week.. not today.. there is possibility that they disposed today also.. but there is no document/announcement to support your claim..
all these local funds buying and selling are normal unless if they continuosly selling massively then there is a concern. The owners are supporting it currently,I'm not too worried about it.
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staphyloccocus
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Posted by staphyloccocus > 2012-08-06 19:54 | Report Abuse
accumulative increasing...