Stock to Watch - FITTERS & FITTERS-WB (Possible Trend Reversal)

Stock to Watch - FITTERS & FITTERS-WB (Possible Trend Reversal)

FITTERS forming higher low and resisted by short term downtrend trendline. Buying interest can be seen recently and breakout from trendlline may rally towards 0.855 and you might see FITTERS-WB at 0.32. Positive reading from MACD and stochastic indicating that possible trend reversal in near future and we reckon the share price may rally towards the previous resistance RM1 in midterm if able to breakout RM0.855 with high volume.

Fundamental (From my friend)
Fitters's current business segment:
1. Fire services
2. Property development & construction
3. Renewable & waste -to-energy
Other than sustainable income from current properties development in the next few years, Main catalyst for Fitters' shares price will be its future major revenue generator: PVC-O pipes manufacturing. This segment will contribute positive earnings to Fitters starting 2015. Its 3 production lines, which will be ready by end 2014, will be able to produce 11,000 tonnes or 3700 km of pipes worth RM150million with another 3 production lines planned for 2015.
Existing market for pipes replacement is huge, with more than RM11billion worth of pipes due for replacement locally.
Fitters' outlook for its pipes manufacturing is bright, as PVC-O pipes are higher impact resistence and has a longer lifespan of 50 years compare to conventional steel based pipes.
Besides, Fitters has announced its plan to list its renewable energy unit, Future NGR Sdn bhd, in Singapore and is seeking to raise between $20-25mil from the IPO.
Future NGR has formed JV partnership with AHT Services GMBH, a German biomass and coal gasification expert, to bring over biomass gasification technology to SEA region.
With all the earnings catalyst for the near future, further shareholder's value will be unlocked. Fitters' potential is not justified by its low PE of 8.5 times.

Let's Watch Closely!

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Stocks to Watch 17 - 21 nov

Stocks to Watch 17 - 21 nov

DSONIC

GREENYB

KPSCB

Weekly Update 7 - 10 October

Weekly Updates 7 – 10 Oct 2014

Long term uptrend intact. KLCI is currently well supported and waiting for rebound. KLCI most likely will stay sideway as market is cautious about Budget 2015 and possible adjustment of US interest rate. Be aware of market sentiment and traders are advised to buy on dip rather than chase high.

FBMSCAP is trading lower and resisted by 20MA. Currently it is supported and will rebound if KLCI able to rebound on this week. Traders are advised to reduce position size for new entry. Please follow your trading plan strictly if the market is not in a favourable position.

MIKROMB

Target price 1 : 0.415 (+9.3%)
Target price 2 : 0.435 (+14.4%)
Cut loss : 0.365 (-3.9%)

PENTA

Target Price 1 : 0.44 (+8.6%)
Target Price 2 : 0.47 (+16%)
Cut loss : 0.395 (-2.5%)

MCLEAN

Target price 1 : 0.275 (+15%)
Cut loss : 0.225 (-6.2%)

Stock to Watch - KGB & KGB-WA

Kelington Group BHD (KGB 0151)

Fundamental

One of the leading Ultra-High Purity (UHP) Gas and Chemical delivery solution provider within the regional footprint of Malaysia, China, Taiwan and Singapore

Business Segment

1. Design and Modelling

2. Fabrication and Installation

3. Quality testing and certification

4. Control and instrumentation

5. Maintenance and servicing

Current outstanding order-book of RM175 Million

-The Ultra High Purity mechanical and electrical services and medical system for Kang Hui Maternity Centre Services (Shanghai) Co (remaining value of RM99m)

-The total facilities management services to one of the world’s largest chip manufacturers (remaining value of RM18m)

-The UHP system design for TTE Engineering (remaining value of RM8m)

- Remaining RM50m is contributed by other semiconductors, O&G, plantation and healthcare players

Current tender-book

- Taiwan’s biodiesel contract (worth RM35m) has been delayed due to the longer-than-expected approval process, management remains optimistic in securing it by 2H2014

-Inclusive of other tender jobs for one of Malaysia’s hospitals SGD30m the tender book value has already hit RM110m.

Kelington Group BHD is one of the turn-around company which earning slipped in 2013 due to the lack of outstanding order-book. However group return to be profitability after securing an amount of project, 2.7 times as more order as to compare to FY2013. Take 6% as the average benchmark Profit-Margin, the group will be easily standing on at a comfortable profit of RM10.5 Million divided by the weighted average number of share of 191 Million, staggering around 5.4cents earning per-share. Assume it is trading at 10 times fair PE ~ it will be easily valued at Rm0.54 cents

Target Price RM0.54

Technical Analysis

KGB has challenged the previous high when I posted on 13 July 2014. However, the unstable market sentiment brought the price to retest support. The support is firm and price has rebounded from the support.

Judging from the strong trading volume and positive momentum indicators, I believe it will trigger another round of buying interest and it possible will bring the price to uncharted territory.

Target Price 1 = RM0.48 (+9.1%)
Target Price 2 = RM0.52 (+18.2%)
Cut Loss = RM0.41 (-6.8%)

Target Price 1 = RM0.25 (+18.8%)
Target Price 2 = RM0.30 (+42.9%)
Cut Loss = RM0.20 (-4.7%)

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Stock to Watch - KPSCB

Stock to Watch - TEXCYCL

Stock to Watch - KSSC

Stock to Watch - AEM

Stocks to Watch 15-19 September

Stock to Watch - NIHSIN

Stock to Watch - PRESTAR

PRESTAR (9873)

PRESTAR found its support at 0.585 and show sign of rebound from there. The reason of rebound was interesting as in the annoucement made on 8 September. Directors have been acquiring on RM0.586 and RM0.59 as shown in the photo attached. From technical wise, the indicators show positive sign and possible reversal signal.
Traders should watch 0.68 as first profit taking level and the next level to watch is 0.71. Watch 0.585 as stop loss level.

First target price = RM0.68 (+10.7%)
Second target price = RM0.71 (+16.3%)
Stop loss = RM0.585 (-4%)

Stocks to Watch 1 - 5 September

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Stocks to Watch 25 - 29 Aug

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Stock to Watch - IREKA & IREKA-WB

IREKA & IREKA-WB

http://sheng-equitiesmalaysia.blogspot.com/2014/08/stock-to-watch-ireka-and-ireka-wb.html

They were mentioned on 5 August when they were traded RM 0.68 and RM0.285. Please click the link above to read previous post. 

Currently the price is trading at RM0.695 and RM0.32 which both of them have hit target price and retraced.

Both of them were retraced with such a low volume and currently supported at the RM0.695 and RM0.32. 

Will another wave bring it to another high to close the gap by right issue? Lets watch if any chances of bull run again.

IREKA 

Stop loss = RM0.665 (-4.3%)

First target Price = RM0.73 (+5%)

Second target Price = RM0.80 (+15.8%)

IREKA-WB

Stop loss = RM0.295 (-7.4%)

First target price = RM0.35 (+9.4%)

Second price target = RM0.40 (+25%)

Stock to Watch - KEINHIN

Stock to Watch - KEINHIN (7199)
KEINHIN is at strong uptrending recently and currently it might preparing for 3rd wave of bull run.
Price is staying strong above 20 MA and MACD is waiting for bullish reversal.
Traders who are aggressive may enter and take profit at 0.565. Traders may also wait for price to stand above 20 MA for entry opportunity.

Target price = 0.565 (+13%)
Stop loss = 0.47 (-6%)

Be patient and Happy Trading!

Stock to Watch - PINEPAC

PINEPAC 1902

The retracement which I can interpret as healthy retracement after the recent surged (+35%) from bollinger band breakout. The current price is trying to stay above 20MA which a short term uptrend could be triggered if price able to stand above 20MA with volume kicks in. 

Will the current consolidation be preparing to bring PINEPAC to another new level? The next resistance will be 0.505 which is the 3 years resistance could be potentially breached in the near term and continually to trend higher. Lets watch closely if any bull run of PINEPAC happens in near term.

Target Price = 0.505 (+16%)

Stop Loss = 0.405 (-7%)

Happy Trading !
Trade at your own risk!

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Stock to Watch - SUNZEN & SUNZEN-WA

Price surged on last month and the recent retracement seems preparing to bring SUNZEN to a new high. Price has rebounded from support and could potentially challenge its resistance in short term. Watch for the price action and if price could break through 0.335, sky is the limit! 

SUNZEN
First target - RM0.45
Second target - RM0.495
Stop loss - RM0.37

SUNZEN-WA
First target - RM0.335
Second target - RM0.38
Stop loss - RM0.27

Stock to Watch - WATTA

WATTA
Please join the page and group for more information.

WATTA is trying to stand above 20MA in these few trading days.
It is challenging its 8 years major resistant. From the huge trading volume and positive indicators, WATTA could potentially challenge its 8 years resistance after resisted by 0.525 for 8 years. Let's watch closely for any bull run in WATTA.
Traders who look to buy into the stock should aim to take profit at RM0.525 (+28%) and set their stop loss RM0.38 (-7%)

Trade cautiously, Be patient and Happy Trading!
Trade at your own risk

Stock to Watch - MPCORP

Before you look into the chart, kindly read this news that was posted on July 2014.

http://www.thestar.com.my/Business/Business-News/2014/07/22/MPCorp-gets-new-shareholder-Businessman-Tey-Por-Yee-buys-15-million-shares-at-55-sen-apiece-from-for/

The buyer of 15 million shares bought at RM0.55. Do you think the price will traded below RM0.55?
How do you think the restructuring process will help MPCORP? In my point of view, it can definitely helps to settle the debt and in future it might unlock the value of landbank in klang valley, which potentially will bring it back to the RM1 level.

The right issue announcement might trigger buying interest as investors can see the potentially unlock value of landbank by MPCORP. The buying momentum might bring MPCORP to challenge its recent high which is also one year resistance. The next level to watch is RM0.595 which is also 12 years resistance. Lets watch closely see whether it able to break RM0.545 in short term.

First target price = RM 0.545 (+10%)

Second target price = RM 0.595 (+20%)
Stop loss = RM 0.48 (-3%)

Happy Trading!

Stock to Watch - Ireka and Ireka-wb

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Ireka & Ireka-WB 

Trading near resistance 0.695 and potentially fill up the gap by right issue in mid term. MACD pointing up which show uptrend intact. The accumulation shows price will challenge the resistance in short term. 

The potential break up might also bring its warrant to challenge new high after the listing date. Ireka wb jz break above resistance today and potentially challenge 0.33 for next level. Lets watch closely how far it can goes.

 

Ireka:

Stop loss price: 0.65

First target price : 0.695

Second target price : 0.8

 

Ireka-wb:

Stop loss price: 0.26

First target price : 0.33

Second target price : 0.4

 

Happy Trading and be patient!

Stock to Watch - 3A

3A (0012)
Accumulation seems has been done  after 6 months. It has moved quite significantly  recently. It has triggered buying interest and the price might move higher to hit psychology level RM1. The next resistance would be RM1.06

Technical buy with 12.7% potential return

Stop loss RM 0.91
First  target RM1.00
Second target RM1.06

Trade at your own risk!

Happy Trading and be patient!

Stock to Watch - TEKSENG

TEKSENG
Please join the page and group for more information.

Possible reversal signal on tomorrow if tomorrow close higher. 
TEKSENG is challenging its 4 years major resistant. Judging from the strong trading volume and positive momentum indicators, we believe TEKSENG could potentially challenge its 4 years high after resisted by 0.37 for 4 years. Let's watch closely for any bullish wave again in TEKSENG.
Traders who look to buy into the stock should aim to take profit at RM0.37 (for short term), RM0.445 for (mid term) and set their stop loss RM0.31

Stock to watch - TAFI

Stock to watch - TAFI
Possible another MENANG if u guys followed my MENANG call in blog last time (from RM0.6++)

TAFI- Cup and handle formed and today breakout with high volume. It would be most bullish setup for me and kindly watch volume for the strong uptrend to be continued.

NTA (Net Tangible Asset) = 0.75
Possible turnaround company as the company starting making profit from last financial year and the first quarter report showing some good sign as company business recovering (from -233 to 150 q-t-q) . The interesting part would be reduced revenue but able to make profit for the quarter. The EPS was improved from -0.36 to 0.11.
Surprise might comes from the next quarter report.
Correct me if I am wrong as I am not FA expert.

Entry = 0.47
Stop loss = 0.435 (-7%)
Short term target = 0.605 (28%)
Midterm target = 0.65 (38%)

Happy Trading.
Trade at your own risk!

Stocks to Watch 21 - 25 July

Stocks Pick by LoveStockry Research Team