AIGB closed at 1.92 with another long white candle. Volume traded at 117,300 lots was slightly lower than that of yesterday. The chart looks bullish, and if it can clear 1.94 convincingly tomorrow, it has a good chance to surpass its all time high at 2.00
‘Bleeding’ at LKT appears to have abated. Accordingly to Kenanga Research, the 4th Q earnings were likely to show a loss of 6m due to forex losses and one-time inventory cut-off. It appeared that there were some internal problems as reflected by the sudden resignation of its former president. Fundamentally, the company is sound with earnings per share revised to 39c for 2006, 51c for 2007 and 65c for 2008. The target price is 4.20.
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10 comments:
i've done a review of ornasteel before... indeed. quite strong.
Please anaylse MUIIND. Looks like it is moving upward.
thanks
i took position on both Ranhill N Ramunia yesterday.
wb2, I see a big white candle at MUIIND with great volume traded. This is a bullish sign. The stock is likely to meet with strong resistance at the 30c area
With regards to MUIIND, the big white candle accompanied by large volume is a bullish sign. How do we determine the correct entry point?
What do you think of Impressive Edge?
I think now is the entry point. Don't wait leh, we can be equity partner ! In bull market, safe entry point already way behind you.
It is also safe to say, MUIIND is a fundamentally sound company despite repeated loss year after year.
how can a "fundamentally" sound company be having loss year after year?
totomaster, i agree with u. its the biggest joke to say a strong fundamental co keeps making losses ...
fabs,
Impressive Edge is not impressive.
The primary trend is up. The last candle is an 'inverted hangman'. This is not encourging. I think there will be more work before it moves higher.
Totomaster, Long story cut short, the management made a big mistake few years ago. Anyway, it has been sorted out.
ywt06, it is a joke, else the share price would be RM 2.00 now, instead of meager RM 0.20 I think it give you a good entry chance. Strong company that make profit year in year out don't come cheap :) you might consider buy publicbank, bursa, maybank and so on :)
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