Eksons Corp (EKSON MK) Technical BUY with +16.0% potential return Last price : RM1.35 Target Price : RM1.47, RM1.57 Support : RM1.30 Stop-loss: RM1.29 BUY with a target price of RM1.57 with stop loss placed at below RM1.29. EKSON’s share price has been trading below the medium-term downtrendline since 24 Feb 14 before last Friday’s gap-up above the line signaled the end of the previous downtrend. Emergence of fresh buying interest as shown by a relatively higher trading volume upon breakout last week suggests that demand outweighs supply. This is likely to drive share price and is consistent with growing momentum as shown by positive readings in both MACD and Stochastic. Positive follow-through in the share price may lead to the 10-day SMA line converging with the 21-day SMA line, thus potentially forming a golden crossover, which in turn suggests upward continuation hereafter. Nevertheless, we peg our medium-term target at a 2-year high of RM1.57.
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS DISPOSAL OF LAND BY RUSSELLA TEGUH SDN BHD A 60% OWNED SUB-SUBSIDIARY OF EKSONS CORPORATION BERHAD FOR A TOTAL CASH CONSIDERATION OF RINGGIT MALAYSIA ONE HUNDRED FORTY MILLION TWO HUNDRED SEVENTY THREE THOUSAND THREE HUNDRED AND EIGHTEEN ONLY (RM140,273,318-00)
Eksons Corp (EKSON MK) Technical BUY with +10.6% potential return Last price : RM1.42 Target Price : RM1.47, RM1.57 Support : RM1.37 Stop-loss: RM1.36 BUY with a target price of RM1.57 with stoploss below RM1.36. Following a consolidation within RM1.30-1.37 in the last 3 months, we expect the share price is ready to embark on its long-term uptrend. Yesterday’s gap-up on the back of a higher trading volume of 1.4m shares (vs 20-day average of 0.2m) indicates the end of the current consolidation and the start of a new up-leg. The share price looks set to jump higher, supported by the strong momentum as shown by positive readings in both MACD and Stochastic. We expect EKSON to retest the immediate resistance of RM1.47 which, if breached, may spur fresh buying interest and catapult the share price towards the 2-year high of RM1.57. Expected Timeframe: 1 week to 1 month
good financial results - nta 2.88 eps for the 3 qrts = 34.3 sen. this share worth RM3++ The good result mainly from prop dev and is on-going, this could means the next result will also be good.
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....
iriscool
12 posts
Posted by iriscool > 2014-04-01 20:12 | Report Abuse
anybody can estimate when the disposal of land will contribute to share price?