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Friday, July 20, 2012

YTLLand may have a bullish breakout

YTLLand broke above its intermediate downtrend line at RM0.95-0.97 in mid-June. Today, it surpassed the recent high of RM1.05 as well as its 200-day SMA line at RM1.06. With this double breakout, YTLLand could be entering into its next upleg. Its next resistance levels are RM1.15, RM1.30 & RM1.60.

Based on the above, YTLLand could be a good trading BUY.


Chart 1: YTLLand's daily chart as at July 19, 2012 (Source: Tradesignum)


Chart 2: YTLLand's weekly chart as at July 20, 2012_3.00pm (Source: Tradesignum)

4 comments:

Upiq said...

this is one of the more informative blog on the website.

It is very useful for people who are just starting to learn and get in-touch with the stock.

Your views and recommendations gave us a 'feel' of the market. This come with years of expereince and knowledge about the market.

Keep it up...!!

hng said...

Hi Alex

Thanks for your comment on OSK property. I've work out the ex-theoretical ex-price and found out that upcoming -OR worth more than triple of its underlying share?

Estimated Theoretical Ex-Right Price (10) = (13+1)/13 = RM1.077

Estimated Theoretical Right (OR) = RM 13.00 - RM 10.77 = RM2.23

If factors in intrinsic value of warrant (35% premium)

RM 2.23 + (3 warrant x 0.35) = RM3.28

So, the fair value for its upcoming OSK property-OR could be worth RM3.28, 3 time higher than its share of RM 1.077 !?

hng said...

Hi Alex

Can you comment on Ireka? Ireka have generous and steady dividend payout record, payout almost 5 sen TE every year, give rise to yield of 7% nett yield.

The most interesting is that, its 23% associate Aseana, listed in London exchange has proposed capital return of US$100m to shareholder, Ireka portion work out to be around US$23m x 3.25 = RM 75m, translating to 65sen/share. If take into account upcoming at least 5sen dividend, shareholder essentially get RM 0 cost of ireka share !?.

Mat Cendana said...

Regardless of YTL Land's potential (plus Fitters too), it would be hard for them to rise given today's market. The negative effects from overseas are simply too stark to ignore today. Hang Seng and Europe especially.

But this also presents an opportunity to buy. I'll be watching these two especially - and also the external factors, of course. When the pessimism and gloom is lifted, I feel both will see their day in the sun.