i am not a TA guy la. Mike recommended and so happened itchy finger, sapu some lor. The rest should be quite safe except this because didn't study it before i bought.
changlk03, no PN17 counters for me, except HOHUP - upon strong recommendation from Mike the last time. Now on paper gain, awaiting patiently for it to be back to main board (these two months)... and may even be taken private.
hepitrade & Richmond168 : Whts ur opinion: u think KNM will downtrend tomorrow or maintain its bullish momentum. Mike said something about 88c!! Last moment sapu a little bit
Bro psd57. The RSI for knm is at 96%, worry it will start to fall. About the candle stick, it is not really consider as inverted hammer for today, looks alike only. The body gap is longer for today. To me, if inverted hammer formed at uptrend, I find that chances is quite high for reversal to take place. My view only la. :)
Bro skpetro. About iris hor.. Now the market is betting on the TRS thing. CNY has come to the end, meaning from today onwards the news could be release in anytime from now. Pls be more aware of the TRS news. If they didn't won the award, liquidators will just throw.
Bro psd57. No wor. I totally missed the boat for knm. Because last time my fund was locked in iris. Now the price looks like quite high for me, so not dare to chase anymore. But quite surprising that it is keep on breaking new high. Haha. :)
psd57. seem like retailers coming out in drove to participate in bursa trade. most likely buying larger quantity. have to be careful in your trade now,don't hold too many counters. correction maybe due any moment. as for KNM my colleague(who punting KNM) told me TP 0.88 this week. he had been on KNM for 3 weeks already.
Barakah Offshore Petroleum Bhd, anxiously awaiting the outcome of a multibillion-ringgit Saudi Arabian contract, will expand its presence in the Gulf irrespective of whether it bags the Saudi job.
The company sees the Saudi Arabian bid as the start of its international expansion. “We are looking at increasing our overseas business, because in terms of risk, we cannot rely just on Malaysia and Petronas, although we have our roots here. We have a marketing office [in Saudi Arabia] and will continue to bid for jobs in the area, regardless of whether we win the job,” says Barakah vice-president and chief financial officer Firdauz Edmin Mokhtar.
Barakah is one of three O&G companies shortlisted for the Saudi Arabian contract, the winner of which will be announced at the end of this month, say analysts at Maybank IB Research.
The Saudi job is similar to the Petronas T&I Package A works it secured in December, with the exception of higher day rates. Higher day rates translate into better margins, and Barakah president and CEO Syed Abdul Rahim Syed Jaafar says this is a standard for jobs open for tender in the country. The job could contribute between RM50 mil and RM70 mil per annum to Barakah’s bottom line for the duration of the contract.
“Because of the higher day rates and better margins, we wish to expand in the Gulf. That was the reason we set up our offices there. This job (T&I) is what we are working towards currently but in the future there may be more,” says Syed Abdul Rahim of Barakah’s plans for the region.
RHB Research Retains 'Overweight' On Banking Sector On Improved GDP Outlook
KUALA LUMPUR, Feb 17 (Bernama) -- RHB Research retains an "overweight" rating on the Malaysian banking sector, thanks to an expected pick-up in gross domestic product (GDP) growth this year.
"The GDP growth will be underpinned by the various Malaysian government's economic programmes," it said in a note Monday.
The research house's top pick is Malayan Banking Bhd, with a "buy" rating and a target price of RM11.40.
It also said Bank Negara Malaysia's directive issued in early February 2014, which requires local banks to set aside higher provisioning buffers, would take a toll on Public Bank Bhd.
The requirement is for collective impairment allowance and regulatory reserves of at least 1.2 per cent of loans by December 2015.
"Our analysis suggests that Public Bank, with an estimated RM1.1 billion shortfall, will be impacted the most. The impact on the other local bank does not appear to be too significant," it said.
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....
Posted by hepitrade > 2014-01-02 18:04 | Report Abuse
What say you, bro & sis ?