Buy low or Buy High

TA says, buy, when the price is up

FA says, buy, when the price is down

Which advice should you take

Depends on whether gold or silver is what you wish to make

Both can be profitable

If cleverly implemented

Gains could be wondrous

Otherwise, result could be disastrous 

The stock market is full of traps

There are bull traps, bear traps and value traps

Learn what they are

Be knowledgeable to avoid being trapped

You can buy low and sell high

Or buy high and sell higher

which strategy you use is up to you

Just make sure the strategies are not foolishly abused

Tides, Waves and Ripples

Stock prices have three movements. They are known as the tides, waves and ripples. The primary trend is the tide, the secondary trend is the wave and the daily movements are the ripples. 

When you are watching the movements of the sea, it is difficult for you to know whether it is high tide or tide. But if you plant a stick at the shore where the water reaches it, and watch the wares coming in and going out you can easily determine whether it is high tide or low tide. When the waves that come in show higher marks on the stick, you know it is high tide. In a low tide, the marks will be reversed.

In stock prices, you look at the highs and lows. A higher high and a higher low means that the market is on an uptrend. A lower high and a lower low indicates a downtrend.

Bear in mind that trends move in trends. This means a trend in motion is likely to continue in the same direction. Thus, you do not buy in a downtrend or sell in an uptrend until the trend is reversed or has shown signals that it is about to reverse. If you do not know TA (Technical Analysis), charts will be of no use to you. 

An investor will not worry about the ripples which are the hardest to forecast. But to a day trader, these movements are the ones that matter most.

A day trader does not carry position overnight. Make or break, he will clear his position at the end of the day. 

Can a day trader make money? A professional one probably can. But for an ordinary one, his chance is close to zero. He may win some and lose some, but on balance over a year, he is likely to lose. High transaction cost which includes stamp duty is high. It eats away your profits, if any. 

The problem with most traders is that they tend to over estimate their skill. They think they are professionals when in actual case, they are not. When they win, they say they are good, but when they lose, they say luck is against them. 

From my experience, I find that when you invest, it is easy to make money, but when you trade, it is difficult unless you are really good.

I have always consider myself an investor. However, there people who consider me as an trader. 

Well, If I am a trader, then, I must be a great one, simple because I have been making lots of money in the last fifty over years. 

Investing Without Tears

Investing is never 100% risk free. No matter how diligent and careful you are, a certain amount of risk is there. But with some knowledge and a good strategy, risk can be mitigated. Here are some guidelines:

1. Be an investor not a trader

Every stock has a company behind it. If you do an in-dept study of the company and you are convinced that the company is fundamentally sound and that your principal is safe in addition to an adequate return before you buy, you are investing. 

2. Don’t buy liabilities

A company with high gearings and no earnings or very little earnings is a problem company. It is a liability. Don’t buy it; don’t buy somebody’s problem. 

3. Follow the trend

Prices move in trends. A trend in motion is likely to move in the same direction. Follow it. When you see higher highs and higher lows in a chart, that’s an uptrend. A down trend is when you have lower lows and lower highs. 

4. Avoid the herd mentality

Just because all your friends are buying a certain stock, and therefore it is safe to follow, is a wrong way of thinking. In the stock market, there is no safety in numbers. You need to think independently as an investor. 

5. Be aware of what is cheap and what is low price

Many people assume that a low-priced stock is cheap. In reality, a higher-priced stock is often cheaper. You must look at the intrinsic value before you decide which is cheaper relative to its price.

6. A stock market is not a casino

The stock market has no mercy for those who treat it as a casino. All amateur gamblers lose money. Trading and speculations are akin to gambling. 

7. Be aware of your own ability

The problem with most people is that they tend to over estimate their own ability. 

Imagine what chance you have if you pit yourself against the professionals who are there ‘playing’ the market full-time.

8. Insist on value when you buy

A stock has three prices. It has a market price, a book value and an intrinsic value.

The market price is easy to understand. It is the last traded price at the end of a trading day. 

The book value is simply the net tangible asset (NTA) as shown in its balance sheet. 

The intrinsic value is the most difficult to calculate. I do not know of any formula for this. At most, it is only an estimation. You have to factor in many metrics such as barrier of entry, calibre of management, earnings potentials (present and future) growth prospects, patents, etc.

So, what should we do? For me, I make it simply. I look at the track record relative to its earnings, earnings growth and dividend yields. The higher these are, the higher the value. 

Buying a stock at high earnings per share (PE) is risky. Unless the forward PE is  expected be much lower, avoid stocks trading with high PE. (A PE of over 16 is too high for me.) 

To value a stock, here are some metrics or key ratios to consider: EPS( earnings per share); D/Y (dividend yield); NTA (net tangible assets); PEG (price to earnings growth); NPM (net profit margin); ROE (return on equity); D/E (debt to equity ratio) C/R (current ratio); PCF (price to cash flow). One other thing to carefully consider is the core business of the company. Here, you need to think about barrier of entry, patents and competition.

9. When is the best time to sell a stock

Close to 100% of all stocks will at one time or another be selling at extremely high valuation that they should be sold. At other times, they will be selling at overly undervalued prices that they should be bought. We want to sell a stock when it is very much overvalued.

Understanding the value of a stock is crucial in this respect, and with the help of technical analysis, you have the advantage of the competitive edge.  

10. Control your emotion

Taking action for action sake is a weakness that many people fail to control. Some people need to move in and out of the market often enough to overcome boredom. 

They forget that transaction costs eat into their earnings. 

Buy and sell with good reasons and not simply with intuition and the need for action.

Following the guidelines mention above will go a long way to help you to invest intelligently. 

If you like the above article and wish to join my group known as “Intelligent Investing” please install Telegram into your phone and contact me.  My number is: 016-9321849 

An above average-company at below-average prices

In early 2014, PRK was the subject of a capital restructuring and repayment exercise. The investment arm of the Perak State Government (PSG) and some other parties had proposed to privatise the company at RM3.90 per share. Sime Darby considered the price too low, and as a result the proposal did not materialise.  Indeed the price was too low considering that the NTA value of PRK was at that time more than RM5 plus per share. 

PRK had a 15.74% stake in Integrax. Recently it sold this block of shares to TNB at RM3.25 per share. This will add in some RM153 million to the coffers of PRK with a gain of about RM50 million or 50 sen a share. 

Before this transaction, PRK was already cash-rich with RM100 million in cash although it had about an even amount in debt. 

PRK is building a township in Perak and in a joint venture with the Sanderson Group to develop a theme park in the vicinity of its township. The Sanderson Group is a specialist in operating theme parks. Hence, the success of this theme park is likely to be odds in favour.

The media has reported that the theme park would be ready for operation by early 2016. There is bound to be some furore when the theme park is launched. This will have a positive impact on the price of the stock. At the last traded price of RM2.96, this is a buy. 

The PSG has failed to privatise the company in its first attempt. I don’t think it will stop at one. I strongly believe that it will make another attempt in the not too distant future, probably within the next 12 to 18 months. It could even be within the next 6 months. The offer if it does come could be as high as RM4.50 per share. This is not a wild guess but a logical conjecture. 

I am long on the stock. I intend to accumulate more before it shoots above the RM3.30 level. This is an above-average opportunity to make a good profit. 

Whatever action you take as a result of this article, you do so at your full responsibility. In other words, you buy, sell or hold the stock at your own risk absolutely. 

MMSV My Stock for 2015

I highlighted MMSV on Dec 08, 2014 as a good buy at 53.5 sen. 

At 11.50 am today, the share price has gone up to 62.5 sen. This is an increase of 9 sen. Together with the interim dividend of 1 sen, the gain is 10 sen or 18.69% over a period of 3 months and 18 days. While this is not something to shout about, nevertheless, the gain can be considered as commendable. 

What is the status quo of MMSV now? Let us take at look as its latest balance sheet. As at 31 Dec 2014, the key statistics are as follows:

Share Issued: 163 ml shares

Par Value: 10 sen

Revenue for the year: RM39.691 ml

Net Profit: 10.645 ml

Net Profit Margin: 26.343%

EPS: 6.41 sen

Total dividend for the year: 2 interim dividend of 1 sen each

Total non-current assets: RM9.922 ml

Total current assets: RM30.468 ml of which RM15.715 is in cash and cash equivalent

Total equity: RM31.402 ml

Total non-current liabilities: RM503,000 

Current liabilities: RM8.486 ml

Current ratio: 3.59

Quick ratio or acid-test ratio: 2.72

Return on equity: 33.90

Debt to equity ratio: Not applicable, as the company has zero borrowings

Some of the things I like about this stock are as follows:

Current ratio of 3.59 means that the company is solvent and solid.

Its cash position is high. Thus, the company does not have any cash problem.

The Return-on-equity ratio of 33.9 shows that the management is competent.

As for growth, the company’s profit has surged 109% in 2014 when compared to the profit of the preceding year.

Inter alia its filings with Bursa are the following statements:

Financial period-to-date against preceding year corresponding financial period 

The Group’s total revenue of RM39.691 million for the year ended 31 December 2014 marked a hefty increase of 49% (RM13.017 million) as compared to RM26.675 million reported in the previous financial year. The higher revenue was contributed by the higher volume of machines delivered to meet the surge in the market demand of smart phones/devices together with the LED related products. This higher revenue was attributed to the Group’s ability to penetrate into the niche market of smart phones/devices. 

Profit before tax surged by a significant 109% (RM5.479 million) to RM10.510 million from RM5.031 million in the preceding year, mainly attributable to the increase in revenue coupled with the favourable forex gain during the financial period under review. 

• Prospects
  The Board of Directors foresees that the current positive market momentum will enable the Group to continue delivering another good set of results for the quarters to come. The Board is confident of reaping benefits arising from the continued growth of both the LED and smart devices industry. Besides, our huge cash resources will come in handy for use of the Group in any future prospective business opportunities that may arise.
  The Board is also pleased to announce that the Group has obtained approval in principle from Malaysian Investment Development Authority (MIDA), a 10-year 100% tax exemption under Pioneer Status for one of its subsidiaries. This is a very promising development which bodes well for the Group’s future.
• Conclusion
• My view is that this stock will have a good run in 2015 and beyond. The present price is a good entry point. 
• As usual, you buy at your own risk. 

Stock Investing & Some Predictions for 2015

When it comes to investing in the stock market, you need to be extremely choosy in selecting stocks to buy if you want to survive in the survival of the fittest.  You can’t simply buy a stock, sit on it and hope to be profitable. 

Without an in-dept study of a stock before buying it, your chance of being profitable is less than that of the player in a poker game who plays without looking at his cards. 

My first priority in stock investing is safety of principle. For this reason, I always insist on value when I buy. 

Every stock has a company behind it. You need to check up the company and find out what it is all about. Some of the things, you must look into are: the balance sheet, the cash flow statement, the income statement and the Chairmen/CEO’s statement. This will tell you a lot about the company and how it is likely to fare going forward. 

In our computer world, this is not too difficult a task. Nowadays, every listed stock has a website where you can look into at your own convenience. 

I like to combine Fundamental Analysis (FA) and Technical Analysis (TA) when I buy. This is to ensure that what I buy are fundamentally sound and at the right time. 

Knowing FA & TA alone is not enough to guarantee success. You have got overcome one big obstacle….. Yourself. 

The stock market is controlled by Greed, Hope and Fear. Greed causes you to hold on to an overvalued stock. Hope causes you to hold on to a losing position which may cause irrecoverable damages to your portfolio if you average down indiscriminately. And Fear causes you to sell in a panic sale when you should be buying. 

To overcome these potent forces, you must have knowledge, wisdom, discipline and patience. Lacking in any one of them is most undesirable.

When you are in the stock market, you are competing with some of the best money makers in the world. Fortunately, the market is also full of  simpletons, the naive and the inexperienced. 

Stock investing or stock trading is a zero-sum game. 

You can’t expect to make money from someone who is as good or better than you. Thus, if you want to succeed, you have to keep upgrading yourself all the time. 

The stock market is never efficient. The price does not always reflect the value of a stock. Very often stocks become overvalued because of over-optimism; they can become undervalued because of over-pessimism as well. Those who know can exploit this inefficiency to invest profitably. 

In concluding this article, here are my parting words:

Never buy a stock without doing an in-depth study of it.

Never overpay for a stock even though it is a great one.

Never buy a stock without having a good look at its chart.

Never be impatient. (Many mistakes are made because of hastiness.)

Never go against your charts.

Never buy in a downtrend, especially when the downtrend is at the start after a prolong uptrend.

Never fail to use a stop-loss and a trailing stop-loss if you trade.

Never fail to change with the circumstance. (It is not the most intelligent who can survive in a crisis but those who have the ability to adapt well.)

My predictions for 2015 are as follows: 

Crude oil prices will remain low unless productions at some producing countries are disrupted by one thing or another. By low, I mean below US$75 per barrel.

Malaysian Ringgit will remain subdued against the US$.

GST will impact our stock market negatively.

The FBM KLCI high of 1892 will not be surpassed in 2015.

Equities listed in the US will do well.

Equities listed in Bursa will not do well except for a few export-oriented stocks.

Europe will recover slowly.

WLC.TO., a stock listed at the Toronto SX will have a great run this year and the next. (The stock is lasted traded at C$0.57.)

If you like this article, please send me a Friend Request at FB where I am known as Ben Gan.

The New Year 2015 has just commenced. May all my readers be blessed with good luck and have a fruitful year. 

Why Oil Has Fallen and What It Means To You

The price of oil has fallen by nearly half in just six months, a surprising and steep plunge that has consumers cheering, producers howling and economists wringing their hands over whether this is a good or bad thing.

The price of a barrel of oil is just under $58, down from a summer high of $107, and lower than at any time since the U.S. was still in recession in the spring of 2009.

So what's going on? A global imbalance of supply and demand that is rippling across the world economy, for better and worse.

Click here for the full article.

MMSV A Hidden Gem

MMSV was established as the investment holding company of MMSV Group in conjunction with the listing of MMSV on the ACE Market (Formerly known as MESDAQ Market). Currently, MMSV has 2 subsidiary companies namely Micro Modular System Sdn Bhd ("MMS") and Evolusys Technologies (Malaysia) Sdn Bhd ("Evolusys"). MMS is designing and manufacturing industrial automation, as well as designing precision die sets, jigs and fixtures. Evolusys is developing hardware and software for automation and test solutions. For more information, click here.

For the 9 months ended 30.09.14, the EPS of the company is  5.36 sen. In the corresponding period of the previous year, the EPS was 2.46 sen. This is an improvement of 117%. 

The company is progressing well. The Board of Directors expects the result for the remaining quarter to be reasonably good. Assuming that the last quarter comes in at 2.88 sen which is the same as the third quarter, then the EPS for fiscal year ended 31.12.14 will work out to be 8.24 sen. At the last traded price of 53.5 sen per share, the forward PE works out to be 6.49 which is undemanding. 

For the fiscal year ended 31 Dec 13, some key statistics of the company are as follows:

Net Profit Margin: 22.17%; Return on Equity: 31.09%; Current Ratio: 2.09; Quick Ratio 1.61. 

EPS: 3.08 sen. Total debt to total equity: 0.0012. These statistic figures are expected to be further improved for fiscal year 2014. 

Dividend per share was 1 sen last year. In view of the improving result, I expect dividend for this year to be 2 sen. 

My overall view is that at 53.5 sen, this growth stock is a buy.

Investment is not without risk. Be aware of the forwarding-looking statements in this article and buy at your own risk. You are fully responsible for your own action. 

ECS Moving Higher

The trend at ECS has reversed. It is now on track to move higher. The stochastic is in a strong momentum.

CBIP On track to move higher

The 4th golden cross is performing to expection. Hold on to your shares.

CBIP at its 4th Golden Cross

The above daily chart of CBIP shows 4 golden crosses. If you examine the chart closely, you can see that the first golden cross appeared on May, 20 (closing price 4.55); 2nd golden cross was on Jun 13 (closing price 4.42); 3rd golden cross was on July 21 (closing price 4.61) & the 4th golden cross was on Sep 9 (closing price 4.82). 

Now,  assuming that you had bought at the closing price of all these golden crosses, you are still okay, considering that the last traded price was at 4.82. 

Please bear in mind that TA (technical analysis) is not a science. So, if you are looking for certainty, you are sure to be disappointed and frustrated time and again. 

It's true that many chart users throw away their charts after having been at them for some time, but sooner or later have come back to them for reference. And each time they come back, they have become more efficient and wiser in reading charts. 

In the olden days, there were no clocks. People depended on cockerels to herald the arrival of dawn. It is said that when the cockerels crow for the 4th time, then dawn has actually arrived.

Whether you may use this analogy here is left to be seen. I shall give CBIP the benefit of doubt and buy more of it at this golden cross.

Investment is not without risk. You listen to me at your own risk. 

Lodge Your Complaints

If any one of you is aggrieved in any way by misleading or irresponsible statements, please complain to SC or Bursa.

The addresses are as follows:

aduan@seccom.com.my

aduan@bursamalaysia.com

As small investors, we must cooperate and do our best to protect our own interest.

Unite and move forward for a better tomorrow. 

We All Got Cheated

In the 3rd quarter ended March 31, 2014,  SEAL made RM117.339 before tax. EPS after tax = 24.84 sen. 

In the announcement made to Bursa on May 30, 2014, the Management of SEAL said as follows:

 Prospect

"Barring unforeseen circumstances, the Board expects continued improvement in the Group's performance in the remaining quarter. The Group continues to focus on and enhance its main core business, while exploring for new resources to generate sustainable income."

Then on August 27, 2014, the company announced that in the 4th quarter ended June 30, 2014, the company lost RM2.487 million for the quarter.

What a wonderful turn around!!! What happened? Ask the management.

Can we trust them again? What are they trying to do? Pump and dump in the 3rd quarter? And then depress and buy in the 4 quarter? You decide.

Misleading and irresponsible statements should be construed as part and parcel of fraudulent accounting which is a serious crime.

Latitude All Set To Move Higher

Latitude is all set to move higher. The stock is now at its all time high. The chart shows a strong uptrend which is likely to continue.

For the 9 months ended 31.3.14, the EPS equal 47.66 sen. Thus, the average EPS for each quarter work out to be 15.88 sen (47.66 / 3)

EPS for the 3 Qtrs are  follows: 1Qtr = 15.02 sen; 2Qtr = 19.52 sen; 3Qtr = 13.12. Traditionally, the 4 Qtr is better than any of the previous quarters.

On a conservative estimate, I shall take the 4Qtr EPS to be 15.88 sen. Thus EPS for the full fiscal year ended 30.06.14 will come in at 63.54 sen. At the last traded price of RM3.65, the PE is at an undemanding low of 5.74.

Latitude has a very strong balance sheet with little borrowings. If the stock is traded at a PE of 7.5, the price would be RM4.76!!!

My recommendation: Hold on to your shares or buy more at the present price.

You listen to me at your own risk.

A Gambler Can Be An Investor

The beauty of the stock market is that you can either trade or invest. To make money by trading is much harder than to make money by investing. I wouldn't say you can't make money by trading. Actually you can, but you have to learn the skill first. So, unless you have the skill, do not trade.

To trade means to buy and sell shares with the intention and hope to make a profit within a few days to a few weeks. 

Most of these traders generally do not make any research themselves. They buy and sell based on tips from friends, remisers and analyst recommendations in the media.

They are usually small players with small amount of capital. Most of them lose money. They lose money because they lack the necessary skill to trade intelligently. Their transaction cost is high because they can't get special rates. Their cost of fund is probably high as well because they probably play on margins and a bank loan. 

With time constraint, high cost of transaction, high cost of fund, and a lack of knowledge, is there any wonder that the odds of winning are heavily against them? 

When you place a bet with the odds against you, you are  gambling. For example, when you go to bet in a casino, you are a gambler because the odds are against you. 

Can a gambler be an investor? Yes, a gambler can be an investor.

Peter Lynch, a well-know and successful investor, puts it this way. He said, " A gamble is an investment if you can tilt the odds to favor you." So in this context, a professional trader or gambler can be called an investor. Whether you agree with him or not is up to you to decide. 

A common mistake of traders, is that they take small profits and suffer big losses. When they have a winning stock, they sell when they have a small profit, but when they have a  losing stock, they will hold until there is a big loss before selling. This is what we call, "Eating like a chicken, and pooping like an elephant."

You can't win without skill. So if you wish to trade, learn the skill first. If you know a winning trader, get close to him, and learn from him. If you know of none, then you have to self-taught and learn from experience. 

Our present bull market is now well into its 6th year. It stared at the end of the bear market in March 2009. 

If you can't make money in a bull market, obviously something is wrong with you. You need to revise your way of play completely to turn around.  

You can't expect a different result if you have been doing the same thing again and again. You need to change; you need to find a better way to play the market. Otherwise, when the bears finally take over, your chance to make money is zero, and you are likely to suffer substantial losses.

Your need a license to drive, but you don't need any license to play in the market. Do you know why? 

Simply because, your mistake in the stock market is somebody's gain. So, the more inexperience or unskillful you are, the more welcome you are.

Think well before you speculate in the stock market. Do not borrow money; speculate only what you can comfortably lose. 

Better still, don't speculate at all. Just invest, invest and invest. 

3 Signs of a Market Top

When euphoria is gripping the markets it can be hard to stand back from the frenzy and see that things may be heading for a reversal. This is why vigilant investors must dismiss emotions and remain focused on what the market is saying. A rising market will eventually correct and there are often early warning signs before the fall occurs. An investor who is aware of these signs can take profits in a rising market and then be on the sidelines for the correction, waiting patiently for prices to rise again. 

Can We Predict Market Tops?
Markets are dynamic and as such, the chance of picking an exact top (or bottom) is unlikely and also not required in order to profit from the markets. Capturing the bulk of atrending move will provide substantial reward; therefore, there's no need to try to squeeze out every penny. Such attempts will likely result in the trader hanging on for too long, and then giving up profits when panic selling kicks in. 


If you wish to read the full article, click here.

SEAL it with a kiss

Seal Incorporated Berhad (SEAL) is Malaysia-based companies engaged in property investment, building contractors, project managers for property development, trading of goods and extraction and sale of timber.

Financial quarter ended 31.03.14 shows a huge improvement over the preceding quarter and the corresponding quarter of the previous year. EPS of 24.84 sen for the quarter is unprecedented. Some key statistics of the company are as follows:

Paid-up capital: RM88.56m

Par value: 40 sen

Current assets: RM295.66m

Current Liabilities: RM88.16

Current ratio: 3.35

Borrowings: RM1.101m

Cash in hand and in banks: RM113.63m (This amount is part of the current assets)

NTA: RM1.16 per share

From the above figures, it is easily seen that the company is cash-flushed and solvent. 

The management expects continued improvement in the group's  performance in the remaining quarter. 

At the last traded price of RM1.37, I rate this stock a buy. 

The above chart shows that the stock is in correction mode. For those who have idle money, they can buy now. For short-term players, they should wait until the chat turns positive,

As usual, YOU BUY AT YOUR OWN RISK. Please do not make any comments. I don't read them.

Bullshit may propel you to the top, but it will not keep you up there

There was a wild cock that was trying to fly up to a high branch of a tree. It tried and tried, but it was not successful. 

A bull nearby saw what the cock was trying to so. 

The bull said to the cock, "hi! cock, since you do not have enough energy to fly high, I suggest you take some of my shit. My shit is full of energy. It is sure to help you to fly high." 

The cock agreed to the proposal, where upon, the bull pooped out some shit on the ground which the Cock devoured. After eating the shit, the cock felt itself steaming with energy. With one leap and flipping its wings, it flied to the highest branch of the tree. It was very proud of its achievement and gave out a loud crow. 

The crowing attracted a hunter who was nearby. The hunter quickly took aim of the cock. With one shot, he was right on target. He shot the cock down. 

Next time, when you are about to bullshit, remember this: bullshit may propel you to the top, but it will not keep you up there. 

Be Prepared Or Prepare To Lose

The stock market is a battlefield.

It's a good place to look for good yields.

But unless you know how to play

You may not be able to make it pay.

Do not over estimate your own ability.

If you are not careful, you will soon realize your folly.

Many venture in like a dragon, but come out like a worm

Shattered with debts, losses and a lost home. 

Think well before you trade. 

Don't trade before you think. 

Know there is much to learn.

Don't simply trade and get your fingers burned.

The aim in life is to live happily and die happily.

In the stock market, learn to win comfortably and confidently.

Once you have learned about trends,

You are better off than many of your friends. 

Selling your winners and keeping your losers,

Are blunders to avoid.

Selling in an uptrend and buying in a downtrend

Are the mistakes to amend.

To survive in the stock market,

There are much to learn.

Just send me a "friend request" at Facebook.

And soon you will know the best approach.

(I am known as Ben Gan at Facebook)

Success Poised for Success

1Q14 result of 6.41 sen per share vs 1Q13 result of 5.25 sen per share is commendable. The daily chart above shows that the stock has been in a very gradual uptrend. In my opinion, all this is about to change for the better. Once the overhead resistance at RM1.67 is decisively breached, the stock will be at the start of a new uptrend. At the last traded price of RM1.65, there is a lot of value for the stock. Click here to learn more.