Based on this, UEMLand could be a good trading BUY. UEMLand - and other property stocks with large land bank in Johore (such as Tebrau) - is benefiting from the demand from across the Causeway.
Chart 1: UEMLand's daily chart as at Jan 17, 2013_11.45am (Source: Quickcharts)
Note:
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, UEMLand.
9 comments:
Hi Alex
Can you comment on MK Land? Its have manage to recoup earning growth and have declare 1 sen dividend. With valuable landbank in Damasara Perdana, earning improvement and stronger balance sheet, Will MK land deserve to re-rating, what is a fair value and support/resistance level?
hi alex- I am tracking Kuchai Dev. for the past month but I dont have much info on this counter.Could I request you to do a writeup comment on kuchai? Thank you and regards-charles leong
Charles,
Value trap - Stay away lah..
Would you please do a technical analysis for HDBS? Thanks.
nice website,, i just visit at this morning ,, :)
Hi Hng,
Logically, MKLand should do much better than what it is doing today. Sadly, it is still drifting and I think it would probably continue that way for a while. Some companies are set in their own ways of doing things and cannot change.
Hi charles leong
You may have spotted something- Kuchai Dev. It may have broken above the horizontal resistance of RM1.10, the trigger for an upside rally. It could be tradable. Please exercise careful discretion...
Hi Lai,
Thanks...
Hi CrabGrill,
HDBS is approaching its 2007 high of RM3.50. If it can surpass that mark, it may test its next few resistance levels- RM4.00, RM5.00 & RM6.00. Can it do it??
I take comfort in seeing that there have been a number of takeover or buyout of investment banks lately- ECM by Kenanga, OSK by RHBCap, HLCap by HLFG. This trend could work in HDBS's favor. Temasek could get AFG to buy out HDBS! Let's wait & see.
Post a Comment