Target Profit Predicted On 18 June 2017

Luxchem

This stock target price is RM 2.30... and the stop loss is RM 1.4.

Armada

Armada drop to historical low and the stop loss is there, it is RM 0.5. The target price is RM 1.00
Hope they can doing good in the future

Fibon

Target price RM 0.83 and Stop loss at RM 0.5

Target Profit Predicted On 12 June 2017

DRBHCOM

The target price for this counter is RM 2.00 which is almost consistent with the research report from CIMB that they issued on May... The stop loss is RM 1.10 ....

MAGNA

I am bullish on this counter and the target price is RM 1.87.... the stop loss is RM 1.00.... They have bought around 30% of interest by HUAYANG @ RM 1.8 (I can't remember the exact number) and HUAYANG management said this price is fair....

SCC

This counter definitely gives us a good risk and reward ratio.... The target price is RM 3.05 and stop loss is RM 1.6.... 

**This blog only serves as reference information and does not constitute a buy or sell call. Make your own assessment before deciding to buy or sell any stock.

Revise For Target Profit Predicted On 7 Apr 2017 & On 23 Mar 2017

For 23 March, My prediction for CIMB, WCT, and GDEX have hit my target price and took the profit...
Now i am going to downgrade the target price for YINSON from RM4.5 to RM3.9


For 07 April, My prediction for MMSV has hit the target, same thing, took the profit and closed the trade.
Now i am going to cancel the idea for Kawan Food, TNLOGIS and MIKROMB because i have adjusted my trading strategies....

Target Profit Predicted On 7 Apr 2017

Kawan Food target price @RM5.58

TNLOGIS target price @RM2.2

MIKROMB target price @RM0.725

MMSV target price @RM1.15

**This blog only serves as reference information and does not constitute a buy or sell call. Make your own assessment before deciding to buy or sell any stock.

Target Profit Predicted On 23 Mar

Yinson Target Profit RM4.5

CIMB Target Profit RM6.00

WCT Target Profit RM2.25

 GDEX Target Profit RM2.40

**This blog only serves as reference information and does not constitute a buy or sell call. Make your own assessment before deciding to buy or sell any stock.

Bearish On SP Setia, Sime Darby, Eco World and E&O Because Of Brexit?

"Malaysia’s property firms that are undertaking development projects in the UK claimed they will not be “negatively” impacted by Britain’s decision to leave the European Union (EU)". This is the news we had read. However, would you believe them?

E&O, SP Setia Bhd, Sime Darby Bhd and Eco World Development Group Bhd are local property developers who had gambled their fortune on the island nation but are caught in the Brexit conundrum.

From RHB research note, markets are already predicting slower property sales in the UK as local and foreign buyers will take a more cautious stand and delay their property purchases due to the uncertainties. The UK’s property market was already stalling before the Brexit referendum. News reports suggested property prices are already down 3.5% post-Brexit. Oversupply, driven by a surge in interest by foreign investors, had contributed to the stalling of the market.

So I do not think those local property developers who claimed they will not affected negatively is true. Here is a brief analysis through technical analysis on these 4 companies: Eco World, Sime Darby, SP Setia and E&O.

ECO WORLD
This chart is a typical head and shoulder pattern. Once the neckline has been broken, this is a bearish signal. But there is a one thing need to bear in mind is the neckline cannot be break. This mean when price break the neckline (RM1.6 in this chart) and below neckline. This neckline is still valid if price do not rally and stand above the neckline. In other words, price cannot rally and stand above of RM1.6. We assume that this head and shoulder pattern is not breakable, the target price of Eco World is drop to RM0.9. There is nothing 100% in both fundamental analysis and technical analysis but we can our own assessment.

Sime Darby

There is no any pattern for this company yet, but i dont think there is any buy signal too. Instead, I found there are 2 necklines and 1 have broken (the red colour arrow) and price still stand above another one (the blue colour arrow). If price fall below the blue arrow neckline, this is even worse.

SP Setia

There is a neckline (about RM 2.5) and this is crucial. I believe the possibility of share price decline is higher than rally. Hence the pattern is forming now. If the price have fall below RM 2.5, then price will be fall to RM 1.6 eventually. 

E&O

This is an interesting chart. I am bearish for E&O in the long term outlook but bullish in the short term. Why is that? Because there is a head and shoulder pattern and the price is seems unlikely stand above the neckline again. If this pattern is valid, the price of E&O will fall to RM 1.00. This is bearish in the long term.

However why I said bullish in the short term is because of there is a smaller bullish signal pattern, we call it W pattern. W pattern which have start forming from July 2015 and the price have break the resistant neckline, this is a bullish signal when price break above the resistant neckline. This W pattern will be invalid if price drop below the resistant neckline. If valid, the target price will be around RM 2.1.

**This blog only serves as reference information and does not constitute a buy or sell call. Make your own assessment before deciding to buy or sell any stock.

Malaysia Market Outlook on 21 July 2016

Malaysia KLCI index has dropped from 1900 to 1660 (This is approximate on the press time) recently.1505 was the bottom of this significant drop which was about 21% of wealth disappear since one of the functions of an index is a proxy for the stock market. Your wealth investing in the stock market may not exactly lose 21% same as KLCI Index but I believe most of the investor have lost some if they were investing when the market started to a downturn trend on July 2014.

Malaysia stock market started to be downturn trend resulted by lots of factors. Most common factors as we know are 1MDB, crude oil Price dropped, US FED started to hike the interest rate on the US. Presently, the possibility of US FED to hike the interest rate is low because Brexit causes the uncertainty of  the global economy. In addition, the oil price has affected Malaysia economy badly. However, I believe the worst of crude oil price have over (if you stand on the view of O&G sector, not from car owner view), but it will stay on 60 to 40 per barrel for the short term and it is hard to hit above 100 like few years ago. Lastly, 1MDB, it is a sensitive topic and only the government and relevant parties can solve this.

Where will KLCI heading to? Right now, KLCI stands on 1660 and sideway move. Although this is a huge discount from the top but the market believes that the trend will continue to be a downturn and we are waiting for the next bomb to start a new downturn from 1660 to another lowest point. I believe the lowest point of KLCI is about 1300-1200. It is the best offer and all company share price is good to buy at a low price.

-----------------------------------------Mandarin Version 中文版------------------------------------------

KLCI 指数从最高的1900跌到截稿时间的1660点，在这波下降趋势中，最低点一度来到1505点。以1505 点来计算的话，股市跌掉了21%，股市指数的其中一个作用是个股的代表作，虽然21%的下跌不代表个股的价格也以下降21%，但是这代表着如果你在1900 （2014年7月）点还进场的话，多数人都被套牢着了。

马来西亚股市下跌原因很多，主要大家的都知道就是1MDB，原油价格的重挫，还有美国联邦储备局（FED）的升息动作。 目前市场预期美国FED 的升息动作已经停止了因为英国退欧加剧了全球经济的不确定性。另一个因素就是油价了，当时油价的急跌对马来西亚影响很大。但是我相信油价其实早已止跌了，最坏的已过去了（如果站在油气股的角度，不是我们这些去油站打油的车主），相信油价短期内会在60到40之间徘徊，而未来也应该很难在回去100以上的繁荣时代了。最后一个因素影响马来西亚股市的就是1MDB，这是敏感课题，只有政府或相关单位才能解决，接下来故事怎么发展，敬请留守每天的报纸。

所以KLCI会去到哪里呢？目前都在1660这区间徘徊，但是相信这不是最好的买点，而我们也必须等待下一个黑天鹅（意思相当于炸弹爆炸），到时候就会从1660这区间直接另一波的下杀。我相信目前以结构图来看的话，1300到1200点为最佳的买点，到时候的股市就像个跳蚤市场一样，价廉物美。