Watch out for this as they maybe accumulating here.
Tuesday, January 8, 2008
10:46 pm - Be ready to hold onto Resorts for a long term
There is some accumulation going on for Resorts. Good support at 3.70. Tradeguider has a lot of good signals.
If you look at the weekly chart of Resorts, the counter is moving sideway.
10:08 am - KLCI is down, reacting to DJIA -240 pts drop and regional market.
The FKLI futures market is holding up nicely. Wait for another day if the uptrend will resume on Monday.
4:37 pm - Tradeguider detected "Basic Test" Kulim last week. Wow ! 18 L/C today.
I think TRadeguider is a good investment for filtering shares. I like those counters which had a base but not yet 18L/C.
The insiders were accumulating earlier before they released this news today at 4.30 pm.
Malaysia's Kulim target raised to 12.60 rgt on unit's strong performance - OSK KUALA LUMPUR (Thomson Financial) - OSK Investment Bank said Monday it has upgraded its target price on Malaysian palm oil company Kulim Bhd by 28 percent to 12.60 ringgit as the stock is likely to play catch-up with the strong share price performance of its London-listed unit. The share price of New Britain Palm Oil, the largest palm oil producer in Australasia, has more than doubled to 398 pence per share since its debut last month on the London Stock Exchange (LSE). "We believe Kulim is on the verge of a major re-rating as value accretes from the strong run-up of subsidiary New Britain's stock price on the LSE, creating upward pressure on Kulim's share price," said analyst Alvin Tai in a research note. Kulim's total planted land in Malaysia, Papua New Guinea and the Solomon Islands is about 68,602 hectares. In Malaysia, its plantation estates are primarily located in the southern state of Johor. In November, the company booked third-quarter net profit of 160.31 million ringgit, up from 21.07 million ringgit a year earlier. Besides oil palm plantation, Kulim also has interests in a number of fast-food chains, including KFC and Pizza Hut. It controls the fast-food businesses via listed QSR Brands Bhd. OSK has a "buy" call on Kulim. At 4.27 pm, Kulim shares jumped 90 sen or 11.3 percent to 8.90 ringgit. (1 US dollar = 3.28 ringgit)
4:25 pm - Maybank is forming a 18 L/C. Wow !
Remember what Andy Lim said in our investment workshop on Jan 5, 2008 at CIMB Auditorium.
The counter which did not move yet for 2007 is likely to move in 2008. Will Maybank be this counter ?
3:27 pm - KLCI looking very "NOT NICE" - Spinning Top at this moment.
Hopefully, the institutions will push it up to close with a better pattern.
1:28 pm - FKLI is started to mushroom. The regional markets are very weak.
KLCI is trying to push up but crude oil has weaken, so do the Nikkei and Hang Seng. Hang Seng and Nikkei are in a down trend.
10:40 am - Proton will move sideway. Wait for the longer term MA to cross up
Look at the proton chart now. It may goto into an accumulation and sideways for some time.
Now compare to MAS when institutions were interested in this counter.
10:11 am - Dialog look like accumulation happening.
Too many good news happening for Dialog. I wud like to see more pushing for the price to go up. Else it is distributing to the public.
9:51 am - KLCI has broken another new high at 1470+
A lot retail players focusing on the plantations stocks this week. However, FCPO price will fall slightly.
9:28 am - KLCI not ready to go down as the regional market
KLCI had turn positive and Nikkei has recovered.
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