Chart 1: SKPetro's daily chart as at July 17, 2012 (Source: Quickcharts)
Chart 2: SKPetro's 120-min intraday chart as at July 17, 2012 (Source: Quickcharts)
Wednesday, July 18, 2012
SKPetro- poised to rally?
SKPetro broke above its horizontal resistance at RM2.30 yesterday. It closed at RM2.30. If SKPetro can stay at or above the RM2.30 mark, it can launch into an upleg. We should track this stock closely for this potential rally.
Chart 1: SKPetro's daily chart as at July 17, 2012 (Source: Quickcharts)
Chart 2: SKPetro's 120-min intraday chart as at July 17, 2012 (Source: Quickcharts)
Chart 1: SKPetro's daily chart as at July 17, 2012 (Source: Quickcharts)
Chart 2: SKPetro's 120-min intraday chart as at July 17, 2012 (Source: Quickcharts)
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2 comments:
Hi Alex
Can you comment on OSK property? It has proposed right share + bonus + warrant, based on 1 right + 2 bonus + 3 free warrant for every 10 exiting share. Subscribe right at RM 1.00 and exercise warrant also at RM 1.00.
Based on OSK property Q1 result of 6.43sen, its annualized EPS could as high as 26sen and its historical dividend payout of at least 40% could give rise to dividend yield of more than 7%. Could OSK property like Huayang, due for re rating?
Hi hng
OSK property looks very interesting. OSK's Ong is going full-swing into property development and the vehicle to do that is this company.
OSK Prop is undertaking a generous RI of 1-for-10 shares owned (c/w a bonus warrant issue of 3-for-1 share subscribed and a bonus share issue of 2-for-1 share subscribed).
OSK Prop has many plots of land in good location and their targeted market is the medium-to-high end segment where profit margin is easily 25-30%.
I think it is an exciting developer that may warrant close tracking.
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