2H2019 THEME PLAY: "THE RETURN OF SMALL-CAPS" - KERJAYA: CORRECTION COMPLETED - PRICE ANTICIAPTED TO TEST IMMEDIATE RESISTANCE SOON - ACCUMULATE! Technical view on Small Caps: Our recent analysis shows that there is an increasing number of Small Cap stocks that have actually reached their bottom, formed their support bases and started to test their immediate resistances. As such, we opined that quality Small-Cap stocks likely to offer a golden opportunity for the 2H19 and perhaps could last till 1Q20.
Technical view on KERJAYA:
1. KERJAYA's stock price perceived as already reached the bottom at RM1.00 and now being well supported above RM1.20. Going forward this stock is anticipated to test its immediate resistance around RM1.40;
2. MACD already confirmed that this stock has actually found its bottom by staging a "double bottom" pattern followed by a "golden cross" in early 2019. Now, the MACD is heading toward the "Zero Line" and ready to stage a convincing bullish crossover to officially confirm the beginning of a new upward cycle;
3. The underlying strengths and momentum of the present upward move clearly picking up and it is anticipated to continue to surge in the 2H19;
4. The immediate target price for KERJAYA is calculated to be RM1.52 while the ultimate target price for the whole upward waves anticipated being in the range of between RM1.70 - RM2.00 - Accumulate
Remarks: - Top 10 shareholdings are based on previous trading day end position. - Last: Last closing price. - MV: Market value. KERJAYA Summary Peer Rating 4 Buy 0 Hold 1 Sell Shariah Compliant Yes 52-wk High (25 Jul 2018) 1.59 52-wk Low (25 Oct 2018) 0.99 6-mth Avg Daily Vol. (RM'm) 368 Market Cap. (RM'm) 1,714 P/E 12.2 P/B 1.7 EPS 0.111 DPS 0.020 Dividend Yield (%) 1.44 Nikkei Markets Malaysia's Kerjaya Prospek Group Gets MYR227.31 Mln Contract 20 Jun 2019
Malaysia's Kerjaya Prospek Group 1Q Net Profit Rises 8.6% On Year 30 May 2019
Malaysia's Kerjaya Prospek Group Gets MYR438.78 Mln Contract 23 Apr 2019
Malaysia's Kerjaya Prospek Gets MYR280 Mln Construction Contract 12 Feb 2019
Malaysia's Kerjaya Prospek Gets Contract Worth MYR155 Mln From HCK Capital 17 Jan 2019
KERJAYA ACCEPTANCE OF LETTER OF AWARD AMOUNTING TO RM94.83 MILLION FROM BBCC DEVELOPMENT SDN. BHD. IN RESPECT OF CONTRACT WORKS FOR THE PROJECT LOCATED AT LOT 20028 & 20029, SEKSYEN 56 OFF JALAN HANG TUAH / JALAN PUDU, KUALA LUMPUR You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
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....
naik23
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Posted by naik23 > 2019-04-24 19:23 | Report Abuse
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