Attended the company`s AGM held last Friday at the Chinese Assembly Hall.Company made a loss of about RM1.5 million in 2012. When asked, was told company made a profit of RM300,000 in the first quarter of 2013. Not bad. After the AGM, they had their Board Meeting. They had appointed Donald Lim, former MP for PJ Selatan and Deputy Minister of Finance, as a board member. When checked Bursa website on Nagamas, it is stated as Dato Donald Lim has been appointed Chairman of the Board. Possibly good news coming for this counter?
(NGMS MK) Technical BUY with +37.2% potential return Last price : RM0.430 Target Price : RM0.555, RM0.590 Support : RM0.390 Stop-loss: RM0.380 BUY with a target price of RM0.590 with a stop loss below RM0.380. NGMS’s share price has strongly recovered from the low of RM0.330 following a steep correction from the recent high of RM0.490 earlier. As the share price closed at the 61.8% Fibonacci level and was supported by the upward sloping 10-day and 21-day SMA lines yesterday, NGMS should in our view continue to climb higher. Given the sharp rise in buying interest (3.6m shares vs 10-day average of 1.0m shares), a surge in momentum and a bullish crossover in MACD, we expect upward continuation hereafter and thus place our upside target over the medium term at RM0.590 which is equivalent to the 1.61x Fibonacci extension level.
Just glance through the financial of this counter. Co was loosing $$ for the past two years. 2013 would still be a loss if not of revaluation of investment property.
halo michaelc ... paiseh .. gua tak tau apatu tp aeh and jarang care aeh la .. in tis type counter for me is trends tat matter la and ada set trailing stop juga la .. last minit ada average up sikit 0.505 hahahahah ... seem like this sui sui deng deng lagi la ... 0.55 ++ will start offload la ... si kaw si thunn la ... good luck bro ... huat aarrrrrrrrrrr
Tp.. lets them provide tp.. its doesnt matter rite now.. 49 cts below signal sudah ada..plus TJ recomd it..i take it also.. now tp 70 80 90 they will talk.. hv a nice deepa lah..
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....
Mohd Shuk
725 posts
Posted by Mohd Shuk > 2012-04-27 13:09 | Report Abuse
KENA TGK INI! DAH MURAH! TUNGGU MURAH LAGI! CANTIK!