SCOMI -- a BULLISH BREAKOUT ?? (A STOCK LISTED IN KL BURSA EXCHANGE)

SCOMI closed   at 0.420 on Monday.

It broke its first resistance at 0.415 (ALSO NEAR ITS 50D EMA), with Technicals indicators pointing toward its BULLISH BREAKOUT.
(RSI above 69%,: Stochostic above 61% ,:  MACD positively biased with bullish divergence,:  ADX indicates positive momentum.), with increasing volume support.

Next resistance is at 0.460.
(Note: the recent High at 0.540 serves as a good guide)

It may be a good BUY Entry at 0.420-0.430 when the price action is further supported by higher volume.




You may refer to the following Daily Chart

HAPPY TRADING

GenM-- A potential GEM Stock listed in KL BURSA Stock Exchange ??

What is RASINO----a combination of racetrack  and Casino  !
This is the latest news that GENM is being engaged in.
Well, Analysts estimate that its success bidding  may bring in approx. 5 % of GenM's PBT
Please go to this link on GENM and RASINO ..:

http://docs.google.com/fileview?id=0B74IMi--bRpKOWZiYmVmOWMtMTM1Ni00YmRlLWFmZmItMzNlNjQ2YzkzMDQz&hl=en

The latest release of its quarterly financials on May,27, indicating a drop of 1% loss ,y-y ;; and 24% reduction q-q, . And the recent drop in profits are contributed by the losses incurred in various Overseas investments.

Looking ahead, GenM is now looking aggressively investing in US 's various gambling entities, including the  Bellagio  ,Tracinda,Foxwoods,Aqueduct,MGM Mirage, .......

With almost RM 5.6 B cash in hand, They may get many cheap purchases right now in view of the depressed Stock markets in US.

With   their combined current Cash reserve of RM 5.5B and  the Liquid assets of  est. RM 1.8B will result in Approx. RM1.260 CASH  per share.Then you can see that with EPS  of Average RM 0.230 (last year average), you are dealing with a stock with PE of 6.4X (BASING ON TODAY STOCK PRICE at RM2.78)


The stock is still being traded below the 50D,100D, and 200 D EMA, if we neglect  its Recent Low due to Global SELL DOWN, its strong support shall lie  at RM2.60--2.65 0.  Technicals are pointing Positively-Biased near terms, with RSI above 50, and positive MACD with Bullish divergence, 

It may be a good Trading BUY now at RM 2,78, basing on its attractive valuation (Analysts value its FAIR Value ranging  from RM 3.15 ---RM4.00 respectively....).

And with the present batch of young and Energetic Management teams,.......,
Who will dare to DREAM that it may even outperform its grand parent --"GENTING" -- not too far away from now??

HOW TO TRADE as a DAY TRADER in a RANGE-BOUND KL BURSA EXCHANGE ??

Some one ask me how to trade in a close Range-Bound Market such as KL BURSA Stock Exchange ?

My view on the  KLCI    is NEUTRAL, moving in a tight range between 1240-1300 for the next 6-12 months...

So you may lock up your CAPITALs subsequently. if you start to buy and invest FOR SHORT/MID TERMS.

BUT there is  still  a way to trade in the side-ways range bound KL markets.The proposal is to convert yourself to DAY-TRADER.

YOU MAY FIRST REFER TO MY LINKS BELOW:-

http://millionaireclub88.blogspot.com/2010/05/how-to-be-day-trader-on-kl-bursa.html

http://millionaireclub88.blogspot.com/2010/05/day-trade-on-bursa-kl-stocks.html

Warning: YOU CANNOT SELL "SHORTS" ANY STOCK IN THE KL Bursa exchange ...

REQUIREMENTs: 

1) Do some studies/homework   on the targeted stocks you intend to day-trade

2) Use all the available Indicator Tools/  Spot Trading info..etc. to assist you to identify volatile stocks with positive momentum /with substantial  volume and liquidity on  the  slightly BULLISH DAY...

3) Select a good Broker/security company which can Offer attractive / Low Commission rate

4) You can initially start with RM 5000, and up... ,,depending on the stock price and its buying volume..

5) Close ALL your Positions in the Same days if possible...

6) Go for a holiday if it is a BEARISH day.....

7) Avoid "Rubbish " Stocks ---such as KENMARK, TALAM,.TRANMIL MMM,GPERAK, OILCORP . LCL,  ....  .....And many more....................

I would like to stress that  DAY Trading IS NOT SIMPLE, It carries the same amount of RISK as your normal way of trading the Stocks. But equipping /Arming yourself  with more knowledge/ info /data  IN REAL on-line ENVIRONMENT, YOU CAN CUT DOWN YOUR RISK SUBSTANTIALLY....

Always Try to start  IT  in SMALL and affordable Risk BEFORE you do it in a BIG WAYS.......(Max.RISK of  5% of your capital always)


NEXT IN THE PIPE-LINE,,...... I  WILL SEND A POST ENTITLED "How to trade Futures (FKLI,  FTSE, DAX, CAC,  S & P 500,, GOLD, CRUDE,,).....

HAPPY  TRADING...

BJCORP- - A stock listed on Bursa KL Exchange --an OPPORTUNITY to Buy ??

Please go to my recent posting on BJCORP via the following link:-
http://millionaireclub88.blogspot.com/2010/05/pick-on-bjcorp-stock-listed-in-bursa-kl.html

Following the "NON APPROVAL" from three opposition-ruled States on the Football gaming activities, fueled with the statement from PM that the" Licensing / Approval " may be subjected to "REVIEW" yesterday,.. , So the Bjcorp stock IS NOW UNDER SEVERE SELLING pressure (traded at 1.36 today).

Who will know that this  can be the BEST Opportunity to PRESS  Down the Stock price ,???

Bearing in mind that 1.30 is the 200D SMA, BUT 1.20 is the Low on  FEB 2009...

(Just for info, if the price of the stock can be up from 1.20(Expected low) to 1.90(Recent High)., then its market  capitalization can be further increased  by more than RM 500 millions !)

I would suggest to start accumulate this stock around 1.20

HAPPY TRADING

Brief covering on Bursa Malaysia KL STOCKS , IOICORP and KNM

1.0) KNM

Try to downloads all from these Links:-

http://docs.google.com/fileview?id=0B74IMi--bRpKY2U4MTM1NjAtMDI3MS00NWU4LTg0MjgtYzgyOTUzMWMzMGQw&hl=en

http://docs.google.com/fileview?id=0B74IMi--bRpKMzdlMjVmYTItYTRhMi00YjRiLThjZDgtNDZmODdiOTVlM2Nm&hl=en

http://docs.google.com/leaf?id=0B74IMi--bRpKNGRlOThiNGItNDA0MC00MTI2LWIwYWItYjZmMjBkZDU5ODU5&hl=en

COMMENTS:  You must be very cautious on this stock as I personally think that the company CEO is too busy with their own share trading instead of  improving the company performance as seen from the recent Game of  taking the company PRIVATE !

The company Contract/Projects are depleting very fast, and the Today's  price at 0.500, putting it at PE of 10X  is not justified.

I would consider its  reasonable price to be around 0.350, with a PE of 6X, (The Mar,2009  low)

So the mid/ long term picture for this stock is not very encouraging...

2) IOICORP

Just download the followings from my links below:-

http://docs.google.com/leaf?id=0B74IMi--bRpKYjE3ZGQxZDQtZGZhMS00ZTE1LTgyYTgtYTM5NWRiOTc1Nzdh&hl=en

http://docs.google.com/fileview?id=0B74IMi--bRpKNDg1NzdlYTMtNDM2OS00ODg3LTkzZDYtYjdhNmMzMDRiZWY0&hl=en

http://docs.google.com/fileview?id=0B74IMi--bRpKMTEzMWJkYjQtOWVjMS00ZDNhLTkwNTctMjYyNjk5NmVkZjM0&hl=en

http://docs.google.com/Doc?docid=0Ab4IMi--bRpKZGQzbXZmc2NfMTkyZ3huZ243Y3Q&hl=en

Comments:  Today IOI rebounds to 5.00, which is considered to be very Pricey, as this price will put its PE at 19.5X. ,it is considered Very High when  you comparing it with its competitors.

I would like to wait for  its PE to be around 15-16X, resulting in its price to be around 4.00., as the world Palm Oil price may not surge as forecast by analyst due the slow recovery in the World's Economy , especially on the doubtful China aggressive  Growth time frame may be halted/revised.(China and India are two very important importers)

So I propose you wait for the right timing to Buy this Stock, don't rush..

HWGB -WB ----A PENNY STOCK LISTED IN BURSA KL EXCHANGE

HWGB’s principal activities are investment holding company and the provision of management services, manufacturing and trading of wires and cables, moulded power supply cord sets and cable assemblies for electrical and electronic devices and equipment, tin mining and  its related activities, producing magnesium ingots and supply for various metallurgical grade application. Also involved in travel agent and tour coaches charterer as well as provision of consultancy services to foreigners to reside in Malaysia.

HWGB placed out 78 million shares of its Hong Kong listed associate company CVM Minerals Limited at 36 cents (HK) per share in February.  HWGB used the proceeds to subscribe back the 78 million shares placed out via new issue of shares by CVM.  Even though HWGB still own the same number of shares after this exercise, its stake in CVM is cut to 35.71% from 41.25% previously.  As at 13th April, CVM’s market capitalization is about HK$790 million (RM326 million).

HWGB 35.71% stake in CVM is therefore valued at RM116.4 million, almost double the current HWGB market capitalization of RM62 million.

HWGB-WB

Warrant Price	:	RM0.070
Share Price	:	RM0.150
Exercise Price	:	RM0.200
Warrants Expiry Date	:	8/4/2015
Premium	:	80%
Gearing	:	2.1
Underlying Historical Volatility		55%
Warrant’s Implied Volatility	:	59%
Delta	:	0.72
Effective Gearing	:	1.5

HWGB-WB is trading at a premium of 80%. This is not low but considering that the share price of HWGB is down so much from when the rights issues was announced, such premium is warranted. The gearing of the warrant is about 2 times, which is not great but good enough for low price warrants.

The price chart for CVM HONG KONG IS :

  -----------------------The chart for  HWGB  is  as below:-

The HWGB-WB WERE ACTIVELY TRADED BETWEEN RM0.06-0.065  OVER THE PAST 3 WEEKS.

The management last Wednesday announced that by 2011 they can turn thiis company into a profitable Entity/ Enterprise with some direction in the Press Statements.

Their business model look very unique and probability of  ITS SUCCESS .IS  HIGH!!

Looking into its attractive low price for the WB of RM0.065 on the average, one may consider to 

BET for the eventual flying performance of this company like the good OLD Days.

Do remember that you have a long 5 years for its expiry. Note: The HWGB Old  Price  exceeded 

RM10.00 !, but imagine that NOW you may only just invest RM0.065-0.07 TO BET  for this Huge Return ?

A DREAM MAY COME TRUE !!

A Pick on BJCORP, A Stock listed in Bursa KL Exchange

Bjcorp HAS BEEN  a hot stock over the past few weeks ranking as one of the top 10 active stock.

It will raise RM 500 M, via Right Issues (Loan Stock) to Finance the purchase 80% of the Ascot Sport Ltd which holds the NEW Football gambling license in Malaysia, The interesting fact is Both Bjcorp and Ascot (Pte Ltd) are OWNED by Mr VT.

We have to admire VT , his business capability is unmatched by anyone in the history of Malaysia Bursa Listing Company. He is an expert in Malaysian Share Trading which makes him one of the most successful businessman in Malaysia,

There are two possibilities to expect on this stock short term:--

1)  From Now , The share price is to be "MADE" higher up to  over RM 2.00, so that when the time comes for Right Issue, the subscription will be given a "discount" which will look attractive to Investors

2) Taking the recent weak market sentiments opportunity,, the stock may be  "pushed" down to the its Feb low at RM1.20,,  AFTER BEING ACCUMULATED TO A HUGE VOLUME, THEN LATER PROGRESSIVELY "moving" the price up to over RM2.00 prior to the Right issue announcement.(Gaining double benefits)

Note: Probability No. (2)  listed above looks more likely to happen !!!

Note: A cheaper means is via Bjcorp-CA,or Bjcorp-CB,, But both of these warrants are artificially manipulated by their respective Issuer, both carrying a very high Premium,   BE Cautious !!

So just watch out for this interesting GAME.  Riding on the Right Direction will be very rewarding !!