Apr 20, 2015

Global Oriental Berhad (GOB); Testing The RM0.56 resistance

Global Oriental Berhad (GOB) Stock Code: 1147

Global Oriental Berhad (GOB) Daily ChartGOB_analysis

Global Oriental Berhad (GOB) was testing the MYR0.56 resistance level in its latest session. Traders may buy if this level is surpassed in the near term, with a target price of MYR0.645. In the meantime, the stock may consolidate further if the MYR0.56 level cannot be surpassed. In this scenario, further support may then be found at MYR0.505, where traders can exit upon a breach.

by RHB

GLOBAL ORIENTAL BERHAD

The Company is an investment holding and its subsidiaries are engaged in the property development activities.

Apr 14, 2015

Heng Huat: Technical

Heng Huat Resources Group Bhd Stock Code 0175  (HHGROUP)

henghuatHeng Huat Daily Chart 

Heng Huat Resources may trend higher after closing above the MYR0.545 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.615, followed by MYR0.655. The stock may pull back to take a breather if it cannot sustain above the MYR0.545 mark. In this case, further support is anticipated at MYR0.51, where traders can exit upon a breach.

by RHB

HENG HUAT RESOURCES GROUP BERHAD
The Group are principally involved in the manufacturer trading of biomass material and value-added products focusing on oil palm empty fruit bunches (EFB) fibre coconut fibre and value-added products and also manufacturer and distributor of their own brands of mattress and bedding accessories.

Apr 7, 2015

Technical Buy On Elsoft

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ELSOFT – MYR1.90 (Stock Code: 0090)

elsoft_technical_analysis

Recommendation

ELSOFT made a minor daily Wave 4 low of MYR1.64 (18 March 2015) with grossly oversold and bullish signals. All of its positive signals above suggest a very strong daily uptrend. It is likely to break into higher territory, as it breached its key resistance areas in a very clear Wave 5 surge.

SHORT-TERM BUY (TECHNICAL) on dips for ELSOFT with very firm supports of MYR1.65 and MYR1.90 as well as clear upward target areas of MYR2.00, MYR2.19 and MYR2.85. Stop-loss is at MYR1.63.

elsoft_data

Elsoft Research Berhad (ELSOFT) researches, designs, and develops test and burn-in systems and applications specific systems. The company's products and services include advanced electronics system design, systems software engineering and algorithm development, and optoelectronic/semiconductor parametric testers.

by Maybank IB

Mar 31, 2015

GD Express Carrier - Technical BUY on breakout

GD Express Carrier Bhd  (Stock Code 0078) Technical BUY on breakout with +16.4% potential return

Last price : RM1.66 Target price : RM1.94, RM1.99
Support : RM1.59 Stop loss : RM1.58

gd_expres_analysis

BUY on breakout with a target price of RM1.99 and stop loss at below RM1.58. Yesterday, GDX penetrated the Ichimoku cloud and a buying signal is seen as the
stock is trading above the cloud. This is supported by the Heat Wave indicators -
the Tenkan-sen line, Kinjun-sen line and Chikao span line are bullish too. The positive reading from the MACD suggests the overall bullish bias is intact. Currently, the DMI shows buying momentum has overcome selling momentum. We peg our targets at RM1.94 and RM1.99 in medium term.

Expected Timeframe: 2 weeks to 3 months

by UOBKayHian

GD Express Carrier
The principal activities of GDEX Group are express delivery services and customised Logistics Solution. In view of the high growth of the customised Logistic Solutions services segment GDEX Group has repositioned itself and capitalised on the rising demand by offering a wide variety of highly customised express delivery and logistics services and supply chain solution which include logistics management warehousing packaging services and others.

Mar 30, 2015

FBM KLCI – Possible 1Q2015 window dressing.

Foreign volatility, local window dressing

Market Action

The FBM KLCI inched up 9.72 points WoW to close at 1,813.37, as some persistent nibbling activities were obvious throughout the week ahead of the 1Q2015 closing. Volume fell from 2.44b to 1.65b shares.

fbm_klci_weekly_chart_analysis

The index traded from 801.27 to 936.63 (Oct 2008 to Apr 2009), but broke above 936.63 (Wave a/B) in Apr 2009. Its Wave b/B low was 836.51. We traced out a Wave C/B (of a 3-3-5 Flat) rebound, and the extended Fifth Elliott Wave (EW) of the major Flat v/C/B-leg rise from 801.27 stalled at 1,896.23 (8 Jul 2014 all-time high). After 1,896.23, the next swing low was 1,837.28. Its next rebound stalled at 1,879.62. A swing low of 1,766.22 was then seen, but its rebound stalled at 1,858.09 (3 Nov). The index plunged to its low of 1,671.82 (Dec 2014). The rebound from that low then stalled at 1,831.41. The index held above the key 1,770 support and rose from the 1,774.30 low (16 Mar).

What is Our Strategy

The FBM KLCI’s recent rebound peaked at 1,831.41 on 4 Feb 2015, short of its 200-daily SMA. Take profit at the resistance areas of 1,823 to 1,858. The support levels of 1,774 and 1,813 will be areas to nibble.
For this current market phase ahead of the 1Q2015 window dressing, selling activities may just match off with the local buying activities. Range trade between the 1,774 and 1,831 levels. A clear market direction will emerge with a sustained break of either level.

by Maybank IB

Feb 28, 2015

KKB ENGINEERING - Technical Outlook

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KKB ENGINEERING BHD Stock Code: 9466

kkb above: KKB Daily Chart (click to enlarge)

Following a two-day pullback, KKB has ended above the EMA60 level with improved volumes. The MACD Line has crossed above zero. The RSI, however, is overbought. Monitor for a breakout above the RM1.54 level, targeting the RM1.68 and RM2.00 levels. Support will be pegged around the RM1.43 level.

by Malacca Securities 27/02/15

KKB ENGINEERING BERHAD

The principal activities of the Company consist of steel fabrication civil construction hot dip galvanizing and the manufacture of LPG cylinders and cylindrical steel drums. The principal activities of the subsidiaries are manufacturing and trading of uPVC roofing sheets and pipes and other related products; and to carry on the trade or business as contractors for mechanical and electrical engineering works.

Feb 27, 2015

GAQRS – Technical Analysis

GABUNGAN AQRS BERHAD Stock Code 5226 RM1.26

gagrs_analysisabove: GAQRS Daily Chart (click to enlarge) 

Technical Commentary

GBGAQRS could be forming a base formation around the RM1.17-RM1.25 levels. As transacted volumes have been increasing in the past three month, this could be an indication that the share is undergoing the accumulation phase and could be poised for a breakout pattern above the RM1.25 level over the near term. The MACD Line is approaching the zero level and the RSI is trending higher above 50. Both indicators are suggesting that the momentum is picking up. If the price breaches above the RM1.33 level, it will be forming a “W” shape reversal pattern and the price target will be located around the RM1.50 and RM1.63 levels. Meanwhile, support will be pegged around the RM1.17 level.

Strategy

Investors and traders may start to buy around the support zone between the RM1.17- RM1.25 levels with a short term target pegged around the RM1.33 level. If the share price manages to surpass the RM1.33 level with high volumes, further buying activities should be executed and the price target will be envisaged around the RM1.50-RM1.63 levels. Cut loss, however, should be initiated if the price violates the RM1.15 support level.

Stock Information

The Gabungan AQRS Group is an engineering and construction service provider and niche lifestyle property developer. The Group’s core business is in construction, where the construction activities are undertaken by its units Motibina, Gabungan Strategik and Megah Ikhlas. Meanwhile, property development, being its complementary business activity, is spearheaded by AQRS The Building Company Sdn. Bhd.

Higher FY2014 Revenue & Net Profit

Gabungan AQRS Bhd has recorded a strong set of 4Q2014 results as its net profit grew 96% Y.o.Y to RM11.6 mln, mainly due to higher sales and higher work progress contributed by its property projects; The Avenue (shop offices located in Kinrara Uptown, Puchong), and Permas Centro (shop offices located in Permas Jaya, Johor Bahru Flagship D of Iskandar Malaysia). Also, 4Q2014 revenue increased 6.9% Y.o.Y to RM122.0 mln.

For 2014, cumulative net profit stood at RM52.9 mln (+23.4% Y.o.Y). Meanwhile,
revenue for period rose 31.5% Y.o.Y to RM534.1 mln, where 60.8% of the revenue  was  contributed  by  the construction division. Moving forward, the Group is expected to further strengthen its orderbook to sustain growth in both the revenue and profits from its construction arm.

by Malacca Securities