Chart: BJCorp's daily chart as at Jan 4, 2011_3.30am (Source: Quickcharts)
For those with a more aggressive appetite, you may try BJCorp-JB, which is a CBLC currently trading at a premium of 1% & expiring in May.
Table: BJCorp's CWs & CBLC valuation & terms
16 comments:
Hi Alex,
May I have your take on Allianz chart-wise as it has been going up quietly but steadily of late ?
Thank you.
Hi Alex,
Could you give some opinion on BURSA which has seen some recovery and uptrend lately.
Thanks and cheers.
Hi Alex,
I'm currently looking at Bernas & Mudajaya. Pls. let me have ur view on these 2 counter.
Hi st,
Recently I posted this comment about Mudajaya:
Mudajaya... is probably a well-run company which was unfortunately tarnished by the recent negative reports. If it can break above the psychological RM5.00 level, the perception could have changed. Until then, I am inclined to think that Mudajaya is a stock that you should "sell into strength" when it rises to the RM4.60-4.80 level.
Bernas has a big move last week. It broke above its long-term downtrend line at RM2.30 and even surpassed its all-time high of RM2.60 recorded in 2000. What could lead to this huge rally? Privatization? We do not know. It could be a trading BUY if it can hold above the RM2.30-2.40 level.
For the financial results f these companies, go & visit Bursa website.
Hi TheOne
In the past 2 days, BURSA has risen sharply & snapped out of its 2-month old downtrend. This sharp rise will be tested soon by the RM8.00 horizontal resistance. If a correction were to set in, you can try to buy the stock at RM7.80, which is a horizontal resistance-turned-support.
Bursa does not excite me as it is trading at a PE of 40 times!
Hi NGU
Allianz has broken above the horizontal resistance at RM4.50-4.60 and it may soon challenge its all-time high of RM5.40 recorded in 2007. If we draw a parallel line to the current uptrend line, the parallel line would pose some resistance at RM5.20-5.30.
At today's close of RM5.08, Allianz is trading at a diluted PE of 12 times (see link below). If we assumed a fair PE of 15 times, Allianz's fair price is RM6.45.
http://nexttrade.blogspot.com/2010/12/allianz-preparing-for-breakout.html
Hi ! Alex !
Could you give some opinion on PADINI ??
I'm just collect PADINI at RM1.10...
Is this a potential counter after share split ?
Wait your reply !
Thanks !!
Cheers !! :D
Hi Alex,
Could you give some opinion on MPHB and bjtoto recently?
Thanks and cheers.
Hi Alex,
Could you please provide your opinion on Masteel which quite stable in the region of 1.10-1.15 for pass few weeks?
Thank you.
Hi Michael
Sorry for the late reply. Masteel is having a good rally after breaking above the RM1.20 resistance. Its immediate resistance is the horizontal line at RM1.40 & thereafter the 2008 high of RM1.52.
Hi fire
After last year's duty hike, MPHB and bjtoto have not been the same. The recent prize reduction may help.
BJToto has been range-bound between RM4.00 & RM4.50 for the past 2 years.
MPHB is better off as it is in an uptrend line with support at RM2.20 & overhead horizontal resistance at RM2.45-2.50.
Hi Carmen
PADINI's full year EPS is about 10 sen. At the current price of RM1.15, it is trading at a PE of 12.4 times. For a mid-cap discretionary consumer stock, it could trade up to a PE multiple of 13-15 times. So its upside is 10-20%.
Padini had a strong run-up over the past 25 years- rising from 35 sen to a recent high of RM1.35. It needs to consolidate this gain of nearly 290%! Good support at RM1.10 & then RM1.00.
Alex, any idea what is going on with the BJCORP which keep on falling?
Hi Shop4Toys
Sorry about BJCORP. It must have been a premature run-up. The correction that followed in the past few days has brought the stock back to an attractive price. I believe the RM1.08-1.10 level is a good entry level to this stock. However I do not think we will see another strong rally in BJCORP for the next few weeks.
Hi Alex,
any possiblity bjcorp reach back 1.25 level?
Hi eddiechia68
Bjcorp's technical outlook is poor. It's below the 200-day SMA line and that line has started to trend lower. This could mean the stock would go lower in the medium-term. The upcoming support levels are RM0.95 & RM0.70.
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