Gamuda / 5398 ( main business profile : construction ; developer ; Data Centres Theme ; builder of huge sized data centres ; international developer in overseas / Australia ; Singapore ; etc )
Top blue chips
With more than 15 buy calls all with buy ratings / some outperform buy calls / average target prices of ( RM ___ 5.50 to RM 6.15 )
As a current case study ; on its current high prices of RM 5.35 , RM 5.36 , RM 5.37 , 5.38 just done on 7 , 8 January 2025
Today / 10.45 am ., 17 - 1 - 2025 RM 4.07 / RM 4.08 / RM 4.09 only SMASHED DOWN ___ PRICES A BIG LOSSES OF RM 1.30
HOW MANY TRADING DAYS AGO ON ITS HIGH PRICES ?
SHOULD WE ARE ONE OF THE MOST STUBBORN CHARACTERS __
KAW , KAW , KAW
CHUN , CHUN , CHUN
THE FINANCIAL MARKET INCLUDING KLSE ___ WILL PUNISH THE MOST STUBBORN CHARACTERS ___ WITH NO RESPECT ON ___ REGARDLESS OF YOUR HIGH FINANCIAL STANDING OR LOW FINANCIAL STANDING WITH LIMITED FUNDS .
Klci is forming a hammer on its chart.This rebound may last a few days till end of next week.From thereon trading will be muted as investors prepare for cny.
From: SEE_Research issued on __ first sighting that the 1st session of trading in KLSE is forming __ Inverted hammer
Techical chart and analysis __
Variations
Inverted hammer:
A bullish reversal pattern that appears at the bottom of a downtrend
Green hammer: A stronger bullish signal than a red hammer
A hammer candlestick is a technical trading pattern that resembles a "T," in which a security's price trend falls below its opening price, resulting in a long lower shadow, and then reverses and closes near its opening.
After a security's price has plummeted for three trading days, hammer candlestick patterns appear.
Steady as she goes... The good ship Supermax will sails into smooth waters with gusts of tail winds sending her on the way to port prosperity in the days, weeks and months to come.
Come aboard all those wishing to make their capital grow larger as Supermax works her magic.
Another great weekend! After Supermax sponsored a wining & dining festival leading up to Christmas & into the first few sessions of the new year, today I will treat myself to Japanese fine izakaya dining thanks to a miraculous escape from Yumemitsuketai 夢みつけ隊 yesterday AT the limit up price of ¥125 after 13 months holding this no dividend stock & tomorrow, it's McDonald's , courtesy of major McD M'sia shareholder Petronas Dagagan which will be indirectly giving me a treat via its risen share price after my latest re-entry there!🤗😘✌
D/G to SELL (from Buy), with unchanged DCF-derived MYR1.04 TP (11% downside). While Supermax is poised to record stronger earnings ahead, aided by the US Government's policies to catalyse more domestic manufacturing, we think earnings growth may fail to catch up with its premium valuations, based on: i) Glovemakers' inability to arbitrage against higher import tariffs; ii) limited ASP-cost spread which may take time to recover; and iii) possible front-loading activities by the US, which may undermine 1H25 volume sales.
Turning cautious in 2025... Several factors contributed to our sector downgrade following the share price rally of companies under our coverage, which saw a 40-50% increase in 2024. The primary reason was the inability of Malaysian glove manufacturers to fully benefit from the import tariff imposed on Chinese manufacturers. We gather that efforts to raise prices beyond USD24 by Malaysian manufacturers have remained challenging, given the stiff pushback from US customers. Secondly, we observed a front-loading trend by US customers, as the latest US Oct 2024 monthly import data surpassed its pre-pandemic 2-year monthly orders by 50%.
...after a strong run-up. Supermax's share price rallied 42% in 2024, aided by the recovery in sales volume (as inventory destocking activities ended in 1H24) and an improving cost-pass-through mechanism (which saw industry ASP recover to USD21 from USD19). The higher US import tariff on China could be viewed as the icing on the cake. However, we think the reshuffling of the global supply chain has taken place since mid-Nov 2024, ahead of the tariff's commencement (considering the time required for the shipment of goods). That said, future volume growth may only be supported by organic replenishment rather than trade diversion.
RHB always tell ppl to sell when it's time to buy & vice versa...when I do the opposite of what they suggest, I invariably win. Witness Salutica which they promote like a b!tch when it listed in late 2016, but they were selling quietly above $1.70 in Mar '17 while promoting strongly to clients, even inviting the CEO to give a bullish presentation at the market outlook seminar on Mar 23rd...🤣🤣🤣 The price peaked a day or two after that seminar btw.....Luckily I escaped after buying in late 2018 & selling my last shares @ $1.07 last year!
While Supermax is poised to record stronger earnings ahead, aided by the US Government's policies to catalyse more domestic manufacturing, we think earnings growth may fail to catch up
To understand on price movements/ then only can interpret on its technical behaviour
A. High prices occur in 27 , 30 , 31 December 2024 / peak is RM 1.35 on 30 , 31 December 2024
The current peak prices / RM 1.35 are done in 30 , 31 December 2024 ( formation of double top formation / means RM 1.35 is the strong resistance level from Wyckoff Method)
on the first day of trading in January 2025 / this year = 2 January 2025 / first day of trading for 2025 ___it has not been able to challenge on RM 1.35 and
from 3 January 2025 / Friday onwards ___ it starts with gradually sliding downwards movements to 10 January/ Friday __ day low is RM 1.13
Technical chart and analysis __ from 10 January to 17 January / Friday to Friday / week to week closing
A. Techically weak ; it cannot up to cross the immediate resistance of RM ___1.12
Total : 7, 660 lots / round up figures to the nearest
As the buying interest of today / 17 - 1 - 2025 is only half of yesterday / 16 - 1 - 2025 / 14 , 602 lots
Meaning no buying interest of today __ that is the prices are range bound.
Example Should the buying volume is double of yesterday = 14 , 602 × 2 = 29 , 000 lots / It will run thru the immediate resistance of RM 1.12 AND REACH RM 1.21
SO THE COMING TRADING DAYS OF 20 , 21 JANUARY 2025 __
MUST PITCH A STRONG TENT AT RM 1.14 TO RM 1.15 CLOSING.
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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....
rchi
21,408 posts
Posted by rchi > 1 week ago | Report Abuse
gamuda is a steal now