KLSE Technical Wizard

My Portfolio Grew 85% with 3 simple reasons for my Investment

2017-05-09T11:55:00.001+08:00

I had participated in a stock pick investment challenge for 2017.

As of to date, 9th May 2017, my portfolio value is approximately 85% higher than what I had started.

Out of 5 selection, you can noticed that Dataprep is the biggest gainer in my portfolio as of to date, and also the only stock selection that had lifted my whole portfolio value.

I had selected to invest in Dataprep back then after I saw and read an article from The Star entitled "The Secret of China's Genting Olympic Resort" back then on November 2016.

One thing that had intrigued me into investing into Dataprep is due to 3 reasons

Reason 1:

Dataprep is owned by Dato Lim Chee Wah through VXL Holdings Sdn Bhd. VXL Group is owned by Dato Lim Chee Wah, and is a major investor in Secret Garden. Below is the excerpt that I had taken from the interview from The Star.

Reason 2:

At that point of time, Dataprep is trading almost at it's all time low, and I believe that the risk is capped. Although Dataprep had risen significantly, I still believe that there are much room to rise in the future as market capitalization is still a shy of around RM 220 million. Compared to the potential in the future.

Reason 3:

The company is in net cash position. The total cash position is RM 22.6 million, while the total borrowing is RM 3.4 million

I will continue to stay invested in Dataprep because I still believe in the future potential which I think the whole event had just only started.

Arank having Technical and Fundamental Bullish

2016-05-23T12:01:00.001+08:00

If you are an investor that can take calculated risk in your investment portfolio, this could be the right time that you can start to look into Arank.

I will show you here why Arank will be a good choice amidst all the volatility in the market from a technical point of view, backed with fundamental of growth in the company.

As you can see, Arank is trading within an up trend band that is outlined in the shown chart above. However, as of lately, Arank gained movement and volume, and had been seen trying out at the resistant line for 2 occasion.

I viewed this as a technical bullish with growing volume, and share price consolidating nearer at the upper trend line (resistant line). Putting a pattern analysis, you will easily see a cup and handle formation on Arank as well.

While technical looks great, the fundamental is a great support for the company to be liked by both technical and fundamental traders and investor.

Needless to say, 2 quarter cumulative EPS at 6 cents. A full financial year will probably see 12 cents to 15 cents because of increase demand in aluminum for industrial and automotive application.

Most market research had been bullish in aluminum outlook for the next 10 years due to light weighting exercise, seeing aluminum replacing the olden days practice of using ferrous metal, best example is automobile.

If you foresee the application of aluminum to increase, then you will foresee more aluminum billet is needed. Arank being the manufacturer for aluminum billet, then will definitely see growth in this 10 years.

Full year EPS 12 cents, that will value Arank RM 1.44 based on PER x12. PER x12 is used because to factor in the growth prospect in Arank.

These 2 outlook is a simply way to justify on Arank being a good share to be invested. Investing is made simpler with simple and direct analysis with facts. But it is made possible when you invest when it is low, unleash when it become a dragon.

Remember, Invest in Arank when it is sleeping, unleash when it become a dragon.

See you at RM 1.44

2 things to take note in Dolomite

2016-05-19T11:36:00.002+08:00

Dolomite groups of companies are involved in several industry, such as quarry, properties and construction development.

Dolomite had interesting chart development always prior to the upcoming quarterly reports. With impending quarterly report coming out in May this month, where will Dolomite be heading?

Currently, according to chart, it had been detected that Dolomite is challenging the resistant line at around RM 0.37. A successful break out with volume will be a good signal to see Dolomite going further upwards.

After a 3 months consolidation, Dolomite can be looking to see a possible break out at RM 0.37, with 2 mentions below for you to take note.

Note 1 : Dolomite Properties Sdn Bhd which had see it's Dolomite Avenue Park project taking stop work order from Selayang Municipal Council could see a finalization soon in 1st June 2016 for a full hearing.

Dolomite had filed a RM 400 million suit on MPS for the said termination.

The court hearing will create public interest in the said share, which will cause public speculation and result in rise of share price.

Note 2 : Dolomite had a good range of land deposit at the northern region of Selangor, namely at Rawang, Batu Caves and Hulu Langat.

Remember, in stock market, Invest when low and sleeping, unleash when it became a dragon.

If you see Dolomite potential to rise like a small dragon, take action now.

3 reasons why Astino is worth your attention

2016-05-12T15:28:00.000+08:00

Here in a simple 3 reason outline, I will show you why Astino is worth your attention, if not, your investment target.

Astino had saw some good activity despite a lower amount of volume. However, there are some good accumulation of share in the past 6 mths.

The first reason that you should look at is because the company had just started to buy back it's share from the open market.

As you can see, the buying had just started in April 2016, hence the total number of shares retained in treasury is still not so significant. However, the company is buying back from open market in a consistent manner, hence this will slowly make up as a good support at the price range of RM 0.65.

The second reason to note is that the majority shareholder is also buying back from the open market.
The Ng family (Ng Back Teng and Ng Bak Seng) are holding more than 40% in total, and they are still buying back share from the open market.

The third reason is because Astino is also involved in steel manufacturing and trading, which is a booming trend in the market now. Astino is overlook, but it will soon be discovered. Smaller steel player such as Mycron, Melewar, Lsteel already did miraculous run up. After all, Astino financial performance for the past 2 quarter had been great, can possibly annualized it's full year EPS at 9 cents.

Astino is still deemed cheap and have appreciation room to go further.

Based on these 3 good solid reason, I would see Astino is a good choice.

A successful investment is to invest when it is sleeping, unleash when it become a dragon. If you foresee Astino becoming a dragon soon, invest now.

Wzsatu on the verge of break out now

2016-05-11T11:48:00.002+08:00

Based on today technical chart update, Wzsatu is on the verge of a break out process now that could see further strong uptrend in the counter.

The chart outlined a possible break out from long term down trend line with bullish RSI in sight, signalling a come back.

Significant event to take note in the counter is

- Major shareholder Dato Sri Tengku Uzir Bin Tengku Dato Ubaidillah, had been upping it's stake in Wzsatu in open market. Currently, he is holding close to 24.5% of the company stakes.

- Bauxite mining to see a boom in the future. New player in to the industry such as AWC had garnered much investor appetite.

Be a smart investor. Invest when the stock is sleeping, unleash when it become a dragon. Wzsatu now is still considered cheap based on Tengku Uzir intensive accumulation everyday.

A waking up giant like MJPerak is worth a relook

2016-05-11T11:32:00.001+08:00

MJPerak saw strong volume and price break out after 1 year of inactivity.

Event to take note

- On 23 February 2015, the Company announce that the Company has entered into a Sale and Purchase Agreement with Perak State Agriculture Development Corporation for the sale of leasehold land under PT 829, H.S.(D) 4413, Mukim Lenggong, Hulu Perak for total cash consideration of RM42,500,000. This amount is satisfied by cash.

- Perak will see more development in industrial, tourism and agricultural industry. Maju Perak Holdings Berhad is the master developer for the "Perak Halal Park" that is in Tanjung Tualang and Keramat Pulai. Both are segmented into zones - agriculture, industrial, commercial and residential, and designed to serve the halal industry locally and internationally.

Mjperak had turned around from being net debt of 16 million in FYE 2014 to a net cash of 10 million now. We expect the shareholder to see a special dividend from the proceed of the land sale.

2 simple reason why owning OKA at range of RM 1.00 is worth your money

2016-05-05T16:36:00.001+08:00

Many a times, investing can be made very simple. It does not require complicated calculation and special tools to make an investment decision.

This is the case for OKA

Here I will show you in 2 simple reason, why OKA will be worthy of your money for the next 6 months.

Reason 1 : OKA specialized in U-shape reinforce concrete drains. Beside that, also have multiple different pre-cast concrete product for construction need. Some of the pre-cast concrete product like concrete piles are of JKR specification.

There are no doubt a lot of on going large public infrastructure project as well as private projects. All these need huge amount of concrete and cement. Large public infrastructure project such as MRT 1, MRT 2, LRT 3, Duke Extension, WCE, Pan Borneo, SUKE, DASH, EKVE.

All this combined into a need of more than 1000 km or concrete drain needed. 1 on left, 1 right, that will be more than 2000 km of concrete drain needed.

This is very good solid reason to see OKA prospect in the business. Only can see more business coming in.

Reason 2 :

Need not me to say much. With 3 rolling quarter performance at EPS of 9.7 cents. Estimate full year performance at EPS of 13 cents is very feasible.

Valuing at PER of x10, OKA will worth RM 1.30 for this.

What you need to do now ?

Simple charting showing you this is a good opportunity to buy in to OKA. The share hit support and see a good support and rebound.

Coming final year result will definitely send OKA to at least RM 1.20, which is almost 20% of capital gain if you had invested in OKA now.

Investing is simple, and easy.

Know your share, invest it correctly.

See you at RM 1.20 within 6 months time frame.

3 reasons you should buy in Asdion now

2016-05-05T12:03:00.002+08:00

Reason 1 : Asdion wholly owned subsidiary Venice Sanctuary Sdn Bhd had entered into a sourcing agreement with HKIM (Hong Kong International Mining Exchange) to supply bauxite. Bauxite, which will be processed into Aluminum is a rising up material in industrial usage, especially in the automotive industry.

Reason 2 : Major shareholder Tey Por Chen is holding 21.34% of the firm stake (24,815,300 shares). The Tey family had history of bringing up share price to incredible prices.

Reason 3 : Currently, Asdion is sitting on all time low, below 30 cents.

The day Asdion break up from RM 0.30, then massive retailer will come hogging in.

Be a smart investor, invest when low.

Time to buy in Sarawak Counter ?

2016-05-05T11:00:00.002+08:00

Sarawak Election on the 7th May 2016. Majority is pointing towards a win from the BN parties.

With most of the Sarawak Counter bashed down, will this be a good time to buy in and wait for next week ?

Attached is

1. Big - RSI Oversold

2. CMSB - RSI Oversold

3. HSL - RSI Oversold

4. KKB - RSI 50% range

5. Naim - RSI Oversold

KLSE TechWiz - SCH 0161

2015-03-17T10:28:00.000+08:00

Stock Name : SCH Group Berhad
Stock Code : 0161

Price : RM 0.265 (17th March 2015)
Target Price : RM 0.315 (18% upside, or 5 cents)

SCH had recently saw a good strong momentum volume with 2 consecutive day hitting above 10 million shares transacted. We believe that the volume will be revisiting the counter soon as SCH rise along with the momentum.

Currently, the MA 20 trend line is looking to climb further up after the successful crossing of the MA50 in January 2015 along with reasonable volume. Although RSI had been in a retrace, however, RSI is foreseeable to hit above the 70% region, marking a bullish note in SCH.

According to Elliot 5 Waves analysis, SCH had possibly finished its 1st surging wave and currently consolidating on 2nd wave while awaiting for the 3rd surging wave to come. Hence the room to appreciate for SCH is very good.

Price Target : 1st - RM 0.30
2nd - RM 0.315

KLSE TechWiz - IJACOBS (0162)

2015-03-13T09:15:00.001+08:00

Stock Name : Ijacobs
Stock Code : 0162

Price : RM 0.40 (13th March 2015)
Target Price : RM 0.48 (20% upside, or 8 cents)

Ijacobs had been rising up with the recent solid buying as highlighted in the blue markers. The recent buying had been a good and strong momentum indicator for the stock to rise higher. We can see that the RSI had been rising towards the bullish region. Ijacobs could be challenging RM 0.45 as the first hurdle, while the 2nd target will be at RM 0.48.

According to Elliot 5 Waves analysis, Ijacobs might had climbed on the 3rd wave and currently is consolidating at the 4th wave now. Ijacobs will possibly see a final 5th wave.

Price Target : 1st - RM 0.45
2nd - RM 0.48

KLSE TechWiz - Jaks 4723

2015-02-11T15:08:00.001+08:00

Stock Name : Jaks
Stock Code : 4723

Price : RM 0.55 (11th February 2015)
Target Price : RM 0.75 (35% upside, or 20 cents)

Jaks is rising up along with momentum, with saw MA20 crossing the MA50 along with reasonable volume. Although RSI had remained in the bullish range, it had been showing some divergence of falling back in the coming days. However, the outlook for Jaks in a short term outlook is uptrend

According to Elliot 5 Waves analysis, Jaks might had climbed on the 3rd wave and currently is consolidating at the 4th wave now. Jaks will possibly see a final 5th wave.

Price Target : 1st - RM 0.65
2nd - RM 0.75

Reference News

1. Jaks awarded RM 55.3 million Langat 2 supply and installation pipe jobs
2. Jaks strong contender for Langat 2 supply pipes and installation

KLSE TechWiz - Salcon 8567

2015-02-11T10:25:00.000+08:00

Stock Name : Salcon
Stock Code : 8567

Price : RM 0.73 (11th February 2015)
Target Price : RM 0.90 (23% upside, or 17 cents)

Salcon had seen great momentum for the past few days, accommodated with good volume and solid candles. According to the technical indicators, Salcon MA20 had crossed over MA50, and it will be a start of a good uptrend.

The RSI showing a bullish note after remaining above the 70% region. Salcon will be expecting to see a short period of cool down before surging higher.

According to Elliot 5 Waves analysis, Salcon might be on the 3rd and 4th wave now, and final 5th wave will send Salcon higher.

Salcon support can be found at the range of RM 0.66.

Price Target : 1st - RM 0.80
2nd - RM 0.90

Reference News

Langat 2 water treatment plant to contribute positive for the financial year of 2014, 2015, 2016 and 2017 for Salcon
Salcon had a 36% stake in the Langat 2 water treatment plant project

1. The Star - Salcon MMC AZRB JV Start Off

KLSE TechWiz - Kenanga 6483

2015-01-16T15:26:00.000+08:00

Stock Name : K&N Kenanga Holdings Berhad
Stock Code : 6483

Price : RM 0.61 (16th January 2015)
Target Price : RM 0.70 (14.7% upside, or 9 cents)

Kenanga had seen forming a base to prepare for an uptrend. Based on the charts, Kenanga had formed a "golden cross" where MA 20 had crossed MA 50, and the current price had just started trading above MA 50, suggesting a start of uptrend wave.

According to Elliot 5 Waves analysis, Kenanga should be entering the 3rd upswing wave, possibly hitting RM 0.65, while consolidating there after before riding the 5th upswing wave that could hit RM 0.70.

Kenanga is currently resting at a good support at the range of RM 0.60.

There is no significant volume at the time being, however, a build up in volume might start to see Kenanga trading above RM 0.61 already.

Price Target : 1st - RM 0.65
2nd - RM 0.70

Reference News

- Mr Chay Wai Leong recent open market purchase.

- Stronger display of 3rd quarter result

KLSE TechWiz - PRKCORP 8346

2015-01-16T10:21:00.003+08:00

Stock Name : Perak Corporation Berhad
Stock Code : 8346

Price : RM 2.81 (16th January 2015)
Target Price : RM 3.20 (13% upside, or 39 cents)

PRKCORP had been seen consolidating well after rising up to the trading range of RM 2.80.

PRKCORP might be looking to form another upside wave towards the resistant level at RM 3.20.

KLSE TechWiz - Benalec 5190

2015-01-15T23:21:00.001+08:00

Stock Name : Benalec Holdings Berhad

Stock Code : 5190

Price : RM 0.665 (15th January 2015)
Target Price : RM 0.90 (35% upside, or 23.5 cents)

Benalec had recently formed a new uptrend based on the recent movement. According to Elliot 5 Waves Theory, Benalec will be starting the 3rd wave in the uptrend movement. Thursday's break above RM 0.65 with 6.45 million shares transacted is a good indication for a higher uptrend to come.

Based on the technical outlook, Benalec will be starting to make a come back soon, with the nearest resistant to be seen at RM 0.90, while current quick support to be seen at RM 0.65.

Benalec will be looking to trade above the MA 50 line, with RSI showing the urge to inch higher towards the overbought zone (70%).

Benalec will be looking to see first hurdle at RM 0.75, and subsequent to RM 0.90.

Summary of Reference News

- Benalec had submitted a Detailed Environmental Impact Assessment (DEIA) report in late October 2014, and is currently waiting for official approval of the report.

- Benalec expects to obtain approvals for the DEIA in 1Q of 2015 for the Tanjung Piai Integrated Petroleum Hub and Maritime Industrial Park.

- Benalec current on going works includes 240 acres to be reclaimed in Malacca. Oriental Boon Siew start work order in Malacca will add another 415 acres.

- Benalec is sitting on some 400 acres of landbank spanning from Pulau Indah to Malacca.

Source - The Sun Daily

KLSE TechWiz - TA 4898

2014-12-11T13:56:00.000+08:00

Stock Name : TA Enterprise Berhad
Stock Code : 4898

Price : RM 0.735 (11th December 2014)
Target Price Range : RM 0.80 to RM 0.85

TA had entered into the trading range before the breakout which is between RM 0.75 to RM 0.85.

Currently, TA had hit support range of RM 0.73, while RSI had indicated an oversold position, pending a possible reversal.

Datuk Tony Tiah Thee Kian open market buying in huge manner, raising his stakes to 30.93% (529,491,300 shares)

2014 first 2 quarters cumulative EPS = 5.74 cents

Projection FYE 2014 EPS at 11 cents

Current NTA at RM 1.76

Trading based on FYE 2014 projection EPS of 11 cents

at PER x 7 = RM 0.77

at PER x 8 = RM 0.88

at PER x 9 = RM 0.99

at PER x 10 = RM 1.10

Conservative outlook price target of RM 0.85

equivalent to trading at PER x 7.7, and 52% discount from NTA of RM 1.76

Target rebounding price range : RM 0.80 to RM 0.85