Its MACD is on flat. If it drops on tomorrow, MACD will be move down and may cross below Signal. In that time, it will be a selling signal. RSI is about 70 now. Hope it will not drop.
Kuala Lumpur : Timing is everything if you are the contra men. And the timing for SYF Resources is now.
MyBursa have learned that a slew of research reports on SYF will hit the streets in the next 24 hours time.
The timing is perfect, as on Thursday, SYF will be holding its shareholders meeting followed by a media conference.
SFY is expected to announce that it is in the midst of expanding its fibre board capacity by 100 per cent via setting up a new factory.
Operations will start in April, running at full capacity. The cream on this cake is the plant will be outputting for secured and ready buyers.
SYF which counts Norway’s Central Bank as its minority shareholder is now seen courting the Employees Provident Fund, to come in as a substantial shareholder.
Last month, EPF fund managers were given a close door briefing by SYF, as part of the plan in getting EPF as well as Valuecap in the picture.
It is for this reason, SYF had worked closely with the research community to come out with a RATED report on the company.
Talk in town is SYF will be valued somewhere between RM1 to RM1.20 a share.
Such stock has given fresh legs to SYF, and as a result, strong buying momentum on SYF has finally arrived.
SYF is now the 16th most heavily traded stock, with the price now up by 2.5 sen to 65 sen.
SYF which is MyBursa’s next bit thing (NBT), had opined that if and when SFY passes the 70 sen a share mark, this stock will be entering into the “Seven To Heaven Realm”.
now i understand why they are so confident in introducing dividend policy. they are expecting the property development side to sustain growth for next few years while they grow the particle board segment. by april 100% increase increase in capacity with secured customers is really unexpected. property dev will not last forever but growth in other divisions are more sustainable. niceee
my cost is quite low. Lazy to sell it & re-buy back. Never mind, keep it for long term. AGM will be today. Believe re-rating on target price by research house will be out this week. Wait.... If new TP is 1.00, then it will become shining star :)
Sign seems is not good. China share is dropping 585p or 5.68%. WTI crude is 33.38. All are bad new. Tomorrow is Friday. Sure worst. I will consider to sell it first.
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almaine
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Posted by almaine > 2015-12-31 15:31 | Report Abuse
happy new year!!!