Chart 1: Taliwrk's daily chart as at April 23, 2010_11.40am (Source: Quickcharts)
Taliwrk-WA has similarly broken above its downtrend line at RM0.20 on April 9. It broke above its horizontal resistance at RM0.40 this morning. The warrant will expire on 21/9/2010. Its exercise price is at RM1.27, which means that it is trading at a discount to the underlying share. See the chart below.
Chart 2: Taliwrk-WA's daily chart as at April 23, 2010_11.40am (Source: Quickcharts)
Taliwrk is a quiet stock. For FYE31/12/2009, the company reported a net profit of RM39 million on turnover of RM159 million. Its EPS for FY2009 was 10.3 sen- a decline from 12.2 sen achieved in FY2008.
Based on the above technical breakout, Taliwrk may be a good trading BUY. As this is a quiet stock, you may want to scale back your position.
Dear Alex,
ReplyDeleteTaliwrk is a good Trading Buy eventhough its trading volume is always very low indeed!
Thanks for your info.
Hi Alex,
ReplyDeleteWhat do you think of Favco, another quiet stock with good fundamentals.It seems to be consolidating after a nice run recently. Thanks!
dear Alex,
ReplyDeletetech stocks surge, any idea about penta?
thanks for your advise.
Hi Alex, any comment or advice for this new IPO http://bursa-malaysia.blogspot.com/2010/04/bursa-malaysia-biggest-ipo-for-2010-is.html
ReplyDeleteDear Alex
ReplyDeleteDo you have investment idea on Nihsin. These stock is trading at lowest level of 21sen since listed in bursa!?
Nihsin currently trading cum dividend of 0.67sen, together with two interim dividend of 0.75sen and 0.5sen, total dividend payout are 1.92sen, dividend yield of more than 9%!
Hi AlexP,
ReplyDeleteFavco reported a net profit of RM28 million on turnover of RM534 million for FYE31/12/2009. However, its leverage position is quite high, with borrowings to shareholders' funds of 0.8 times & total liabilities to shareholders' funds of 2.6 times.
Favco, which has formed a base at RM0.75-80 for the past few months, may be starting on its upleg after breaking above the horizontal resistance at RM0.85.
Hi Kipa,
ReplyDeletePenta is dependent on the activity of the semiconductor industry. In the notes to the latest quarterly results for QE31/12/2009, it is "cautiously optimistic of achieving better revenue and profitability in 2010". It incurred a net loss of RM7 million on turnover of RM72 million for FYE31/12/2009.
In January, it has broken above the trading range of RM0.15-0.25. It hit a high of RM0.69 before sliding back to RM0.35-0.45. Would it continue to consolidate at this level or would it enter into an uptrend? I think the positive outlook for semiconductor industry would be conducive to a recovery in Penta, but a big move would be likely if it has turnaround from a loss-making concern to a profitable company.
hi alex. please comment on SKPRES.
ReplyDeleteHi hng,
ReplyDeleteYou are quite right about Nihsin. It currently trading at RM0.21. For FYE31/12/2009, total dividend payout are 1.92sen- which gives this stock a dividend yield of more than 9%! The proposed dividend of 0.67 sen has not been paid out yet.
Nihsin is involved in three business segments: cookware, which is engaged in the design, manufacture and sale of stainless steel kitchenware and cookware; convex mirror, which is engaged in the manufacture and sale of stainless steel convex mirrors, and clad metal, which is engaged in the research, development and manufacture of clad metals. This is from Google Finance.
Nihsin reported a net profit of RM5 million on turnover of RM47 million for FYE31/12/2009. Its performance has deteriorated from last year, when it reported a net profit of RM6 million on a turnover of RM56 million.
Despite the satisfactory results, its technical outlook is not only unexciting but a bit bearish. The stock is in a slow downtrend, with resistance at RM0.25-0.26 & support at RM0.21-0.22.
wong said...
ReplyDeleteSKPRES is in an uptrend, with support at RM0.17. Its short-term downtrend line resistance is at RM0.19. Trading at RM0.19-195 now, the stock may have an upside breakout.
Thanks Alex
ReplyDeleteRecent share weakness could be attributed to the hike of steel price, which is about 70% cost input for its stainless steel cookware
Nihsin is expect to declare its final dividend of 0.67sen soon. hopefully it could spur some interest to its share price.
hi alex,
ReplyDeletecan u give me some comments on D&O?
I am looking forward because of its bonus issue is still under the proposals. And also expect its this coming quarter report may be improved comparing to last year.
Thank for your info!
Hi cheer,
ReplyDeleteYou are talking about the new IPO, Masterskill. This IPO has been priced at RM3.50. Despite the fantastic growth over the past 5 years, the number of net student intake for FY2009 of 6588 was only marginally higher than FY2008 of 6326. Unless the new businesses take off in a big way, the company's top-line & bottom-line may grow only in low single digit.
Based on FY2009 net profit of RM97.4 million & enlarged shares issued of 409.91 million, Masterskill's EPS would be about 24 sen. At the IPO price of RM3.50, the PER is about 15 times.
As such, I would say Masterskill is fairly priced. I think the upside potential is only 10-15%.
Hi 仑襁,
ReplyDeleteD&O rose from RM0.25 to a high of RM0.975 from October last year to mid-January this year. Since then, it has been consolidating in a symmetrical triangle, with support at RM0.78 & resistance at RM0.85.
For FYE3/12/2009, it reported a net profit of RM14 million on turnover of RM208 million. EPS is only 1.9 sen. At RM0.84, D&O is trading at a PER of 44 times.
Despite the proposed 1-for-3 bonus issue, D&O's upside potential is quite limited given its sharp rise & high PER multiple.
Dear Alex,
ReplyDeleteIs it wise to dispose off GENM since the price remains stagnant for quiet some time. Any room for uptrend.
Any new development on KNM??? A headache share for me....pls. thank u and good day.
Hi Alex
ReplyDeletehow about kinstel and ann joo ?
which is better ?
Kawan (7216) short term or long term investment ?
Dear Alex,
ReplyDeleteHave been following your blog recently.Find it to be one of the good ones to follow. What's your opinion of DUFU?
This comment has been removed by a blog administrator.
ReplyDeleteHi Layman,
ReplyDeleteGENM is in a very gradual downtrend, with resistance at RM2.90-92. A parallel line can be drawn and this line acts as a support for the stock. Presently, that support would be at RM2.65. I do not know when this stock will charge above the downtrend line & commence on its next upleg.
I do not know of any new development on KNM. Sorry.
Hi phkoay,
ReplyDeleteAnn Joo is probably a better stock than Kinstel. Ann Joo is in an uptrend while Kinstel has been moving sideway in the past 6 months.
Kawan (closed at RM1.21 yesterday) is a fairly profitable company. For FYE31/12/2009, it reported a net profit of RM13.6 mil on turnover of RM87.6 mil. It is now trading at a trailing PER of 11 times. In October last year, the share price made a high of RM1.62 and since then it has been consolidating. An uptrend line can be seen with support at RM1.20. However, the ADX is weakening & unless a fresh catalyst intervened, the stock may trade sideway going forward.
Hi Khoo,
ReplyDeleteDUFU needs to break above its short-term downtrend line at RM0.62. Can this happen before the Philadelphia Semiconductor Index (SOX) starts to correct? SOX is looking very toppish and it could enter into a 3-4 weeks' correction. If that happened, most of the semicon players would correct downward. This may be a good time to take profit for front runners like Unisem & Gtronic. You may call it a trading SELL.
Hi Alex
ReplyDeleteI see u seldom post news recently, what do u think of the current market movement?
hi alex. please analyse SKPRES fundamental. is it a good stock to buy? saw many rumuors said this skpres will taken private, is it true?
ReplyDelete