Walao, opportunity to accumulate more. This share is on beginning of an up-mode, watch it chart. Dividend in July, share split 1:1, eps is growing, chart look nice. Hit RM2 is not a problem, my target RM2.50 before split. =)
Temporary I won't buy back OKA because correction mode. Somemore tomorrow Friday, many investors tend to sell their shares. Better monitor 1st & decide next week. Temporary fully pump into CMSB & Inari. =)
Oka Corp (OKAC MK) -----------------------dated 11th//03//14 Technical BUY on pullback with +31.3% potential return Last price : RM1.61 (RM1.40 ~ RM1.60) Target Price : RM1.78, RM1.97 Support : RM1.35 Stop-loss: RM1.34 BUY with a target price of RM1.97 with a stop loss placed below RM1.34. Following our earlier BUY call on 18 Feb 14 at the price of RM1.22, OKAC’s share price surged and exceeded our initial target of RM1.48 yesterday, giving a return of 21.3%. However, yesterday’s gain was considered a genuine breakout given the relatively higher trading volume of 3.0m shares recorded (vs 20-day average of 0.7m) which, in our view, signals the creation of a new up-leg. Backed by surging positive momentum as flashed by the Stochastic, the share price continues to slope above both the 10-day and 21-day SMA lines, marking the continuation of the bullish run. We revise our upside target to the 1.61x Fibonacci extension level of RM1.97 over the medium term.
I like OKA at 35 Cts. I BOUGHT A LOT OF OKA AT 35 CTS. PEOPLE WERE COMPLAINING OKA IS STUCK AT 35 CTS THEN.
I SAW GREAT POTENTIAL IN OKA:
1) ALL THE HIGHWAYS AND EXPRESSWAYS NEED OKA DRAIN PIPES TO KEEP THE HIGHWAYS CLEAR FROM RAIN PUDDLES - SAFETY IS PARAMOUNT - SO OKA DID WELL WHEN THERE IS MORE PUBLIC PROJECTS
2) OKA 'S DRAIN PIPES ALSO WIDELY USED IN ALL HOUSING DEVELOPMENTS. SO IN THE CURRENT HOUSING BOOM - OKA PERFORM EVEN BETTER.
AT RM1.57 OKA IS ALREADY UP 400% FROM 35 CTS. SO OKA IS NO LONGER A CHEAP SHARE.
IT MAY GO UP SOMEWHAT BUT UPSIDE WILL BE LIMITED BY NOW.
I WANT TO TELL YOU A SHARE NOW UNPOPULAR LIKE OKA ONCE WAS WHEN OKA WAS TRADED AT ONLY 35 CTS. GO TO MP CORP FORUM NOW AND SEE THIS UNPOPULAR STOCK THAT WILL PERFORM SPECTACULARLY LIKE OKA SOMEDAY
Oka Corp (OKAC MK) Technical BUY with +23.0% potential return Last price : RM1.78 Target Price : RM2.02, RM2.19 Support : RM1.68 Stop-loss: RM1.63 BUY with a target price of RM2.19 with stop loss placed below RM1.63. Following a consolidation within the RM1.55-1.68 range in the last 4 weeks, OKAC’s share price is set to continue the previous uptrend amid yesterday’s strong gain, which will confirm a new up-leg. The breakout was accompanied by a much higher trading volume of 2.1m shares (vs. 20- day average of 0.27m) as OKAC closed above the upward sloping 10-day and 21-day SMA lines. This, in our opinion, signifies further upward movement. This was supported by positive readings in both MACD and Stochastic and the surging momentum would push the share price higher in the near term. We peg our upside target at the 1.61x Fibonacci extension level of RM2.19 in the medium term.
Entitlement Details: Subdivision of each existing ordinary share of RM1.00 each in OKA Corporation Bhd. (¿OKA¿) held by entitled shareholders of OKA into two (2) ordinary shares of RM0.50 each in OKA (¿Subdivided Shares¿).
Entitlement Type: Others Entitlement Date and Time: 14/05/2014 05:00 PM Year Ending/Period Ending/Ended Date: EX Date: 09/05/2014
After the split on 9 May, 2H results will be out around 31 May. OKA should make good profit. 9-month net profit increased 86.5%. It will be another boost for the share price. So do not sell too quickly.
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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....
林俊松
6,919 posts
Posted by 林俊松 > 2014-03-11 19:51 | Report Abuse
Fooksing Wong , Wah, so rich ya~