Chart 1: WTK's weekly chart as at March 29, 2011_12.00 noon (Source: Quickcharts)
Chart 2: TaAnn's weekly chart as at March 29, 2011_12.00 noon (Source: Quickcharts)
Chart 3: Lingui's weekly chart as at March 29, 2011_12.00 noon (Source: Quickcharts)
Chart 4: JTiasa's weekly chart as at March 28, 2011 (Source: Quickcharts)
6 comments:
hi Alex,
Another good post.
Is this also good time to take profit for the property stocks?
Thanks!
Dear Alex,
do u think is too late to buy timber stock now?
If no, which stock do u recommend?
Thanks and regards
Hi Alex,
Do you know how to calculate the reference price for PWORTH (7123) at RM0.77 today? Its rights issue EX at today.
there r still many cheap cheap timber stocks... EKSONS for instance...
Hi Onegreatdeal
I think the timber theme may continue for a while because the demand for timber products for the re-building program in Japan is real & substantial. You may go back into some of the timber stocks that had corrected or consolidated its recent sharp run-up. Laggards may join in the rally but normally the main beneficiary would be the big players from Sarawak. So, we are basically looking at TaAnn, JTiasa, Subur, Lingui & WTK.
HI Wedding Gifts,
At RM1.48, EKSONS is trading at a PE of about 9 times, which I consider to be fairly reasonable. The stock could potentially trade up to RM1.80-2.00.
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