May 28, 2015
May 27, 2015
EWEIN Stock Code: 7249 Bloomberg Code: EWEI MK Equity
SHORT-TERM BUY (TECHNICAL) on dips for EWEIN with very firm supports of MYR0.90 and MYR1.06 as well as clear upside target areas of MYR1.11, MYR1.30 and MYR1.55.
May 26, 2015
Komarkcorp Stock Code: 7017 (KOMA MK)
Last price : RM0.55 Target price : RM0.655, RM0.71
Support : RM0.485 Stop loss : RM0.48
BUY with a target price of RM0.71 and stop loss below RM0.48. Based on the daily chart, the stock managed to penetrate from the breakout level of RM0.555 on yesterday’s movement. We expect KOMA will continue to form a higher high and higher low towards the previous high of RM0.66. This is supported by the bullish crossover on the MACD and DMI which also show positive signals with high volume that suggests an increase in buying momentum.
Expected Timeframe: 2 weeks to 2 months
Komarkcorp is a self-adhesive label converter and is known to be the only automatic labelling machine (ALM) manufacturer in South East Asia. It specialises in printing all types of labels (prime secondary fabric retail and tag) and designs and manufactures its own labelling machines under the house brand KOMARK.
May 20, 2015
MMS Ventures Bhd is a holding company. Through subsidiaries, the Company manufactures industrial automation systems, designs die sets, jigs and fixtures, and develops computer software.
Our medium (6-12 months) term target price for MMSV is RM1.25 hence offers an upside potential of around 43.7% from current level.
MMSV Weekly Chart – Technical Analysis MMS Ventures Bhd
The Company is principally involved in investment holding.
May 18, 2015
EATECH’s positive signals above suggest a very strong weekly uptrend. SHORT-TERM BUY on dips for EATECH with very firm supports of MYR0.88 and MYR1.05 as well as clear upward target areas of MYR1.10, MYR1.33, MYR1.45 and MYR1.69. Stop-loss is at MYR0.86.
Stock Code: 5259 Bloomberg Code: EATECH MK Equity
EATECH Weekly Chart:EATECH made a major weekly Wave 2 low of MYR0.52 (Mar 2015) with grossly oversold and bullish signals. All its positive signals above suggest a very strong weekly uptrend. It is likely to break into higher territory, as it breached its key resistance areas in a very clear Wave 3 and 5 surge. Short-term buy on dips for EATECH with very firm supports of MYR0.88 and MYR1.05 as well as clear upward target areas of MYR1.10, MYR1.33, MYR1.45 and MYR1.69. Stop-loss is at MYR0.86.
EATECH continued to surge firmly after we published our weekly technical report in April 2015. Since then, it surpassed all our target levels due to the strong upside momentum after having recently secured a new contract in Feb 2015. The contract was for the Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) of a Floating Storage Offloading facility (FSO) for Full Field Development (FFD) project, North Malay Basin, valued at USD191.8m for 20 months.
Looking at the most recent 4QFY14 result announcement, the group recorded an increase in revenue of MYR34.6m to MYR155.7m from MYR121.1m in 4QFY13. The higher revenue was attributed to the full year operations for contracts secured in 2013. Despite the higher revenue number recorded, profit-before-tax fell to MYR19.8m in FYE14 from MYR59.4m in FYE13. The weaker profit-before-tax number was despite a gain in disposal of an associate in FYE13 amounting to MYR37.5m and share of profit from associate amounting to MYR2.9m.
A check of the Bloomberg consensus reveals that no research house covers the stock. EATECH currently trades at a very high historical PER of 28.4x. Its price-to-book value ratio of 2.23 times indicates that its share price istrading at a steep premium to its book value.
E.A. Technique (M) Sdn Bhd (EATECH) owns and operates marine vessels focusing on marine transportation and offshore storage of oil and gas, and provision of port marine services. It also owns a shipyard involved in shipbuilding, ship repair and minor fabrication of steel structures.
by Maybank IB
May 12, 2015
Saudee Group Bhd Stock Code: 5157 52 Week High: 0.600 52 Week Low: 0.355
Last Price: RM0.56 +0.03 Support Level: RM0.53, RM0.495
Resistance Level: RM0.57, RM0.59, RM0.60, RM0.63, RM0.65, RM0.675, RM0.70, RM0.725, RM0.75, RM0.80 Entry Level: RM0.385 – RM0.395
SAUDEE (5157) rebounded from its intra-day low of 0.53 to close higher at 0.56 after hitting the intra-day high of 0.57. Technically, the chart of SAUDEE formed a bullish white candlestick with increasing volume indicating buying interest came into the stock yesterday. It breakouts from the consolidation forming a Saucer pattern breakout.
MACD surged upward and made a golden-cross over the signal-line, and its histogram also extended upward strongly, indicating an increased in momentum to the upside and a buy signal. RSI (14) rose to 72.3 from 65.1, indicating the stock is turning very bullish. Stochastic rose to 73.8 from 65.4, and is staying above the slow stochastic line, indicating the stock is turning stronger after recent consolidation. The medium and long term trend of SAUDEE is up, and the short term trend is also up with the 5-day SMA crossing above the 10-day SMA and both are above the 30-day SMA, and a confirmed breakout above RM0.57 will see an upside target of RM0.59, follow by
RM0.60, RM0.63, RM0.65, RM0.675, RM0.70, RM0.725, RM0.75, and RM0.80.
Since the short term trend is bullish, day traders with shorter time frame perspective may ride on the short term bullishness and buy on breakout level (RM0.57). Those with lower risk appetite should wait at the side-line and buy on the dip.
Short Term – target price at (RM0.59, RM0.60, RM0.63, RM0.65, RM0.675), stop loss (RM0.525)
Mid Term – target price at (RM0.70, RM0.725, RM0.75, RM0.80), stop loss (RM0.49)
by SJ Securities Sdn Bhd
SAUDEE GROUP BERHAD
The Company is currently engaged in business of wholesalers and dealers of frozen and fresh foods manufacturer and sale of processed poultry beef products frozen foods and bakery products and manufacturing and trading of vegetarian food products.
May 7, 2015
Privasia Technology Bhd – Stock Code 0123
Privasia Technology Bhd offers information technology outsourcing, auction software, and information technology consulting services. The Company offers information technology, desktop, applications, business process, and procurement outsourcing services; software that allows buyers and sellers to post their needs online; and consulting and systems integration services.
Our medium (3-6 months) term target price for PRIVA is RM0.58 hence offers an upside potential of around 38.1% from current level.
Priva Weekly Chart
by AffinHwang Capital
PRIVASIA TECHNOLOGY BERHAD
The Company an information technology company is mainly involved in IT outsourcing and IT consulting.