PJ Development..Propose Listing OCC CABLES BERHAD

RATIONALE FOR THE PROPOSED LISTING (quoted from annoucement made in Bursa website)
The main purposes of the Proposed Listing are as follows:-
(a) To enable OCB to raise funds from the capital market to finance the business activities
and expansion plans of the Group. Being accorded listing status will allow OCB Group
greater financial flexibility when pursuing its growth plans;
(b) To enable PJD Group to unlock the value of its investments;
(c) To provide an opportunity for the investing community, including the Malaysian public,shareholders of PJD and eligible Directors, employees and persons who have
contributed to the success of the OCB Group to participate directly in OCB’s equity and continuing growth; and
(d) To enable OCB to gain recognition and corporate stature through its listing status.

PJD today closed at RM0.675. If able to break RM0.75, maybe can go up to RM0.80
NTA = RM1.70
EPS = RM0.06 (estimated for FY2010)
Dividend = RM0.05 (dividend yield 7%)

CPO..stable because of weak USD

CPO price will be stable at above RM2180 as long as USD is weakening and picking up in exports figures.

The export figures from 1-25 Oct 09 vs 1-25 Sept 09:ITS (+16%) and SGS (+6%).

My notes dated 8-9-2009 on CPO already highlighted that US will adopt a weak currecy policy in order to boost its exports. This scenerio will continue for at least for the next 3 quarter until US government feel its economy is stabalised.

The next indicator to watch out should be US interest rate. A weak currency will continue and will start to strengthen when US increase its interest rate.

Short term startegy:
1. If CPO break above 2240 level, next target should be 2285 before reach 2338.
2. If CPO break below 2200 level, next target will be 2179 >> 2125

Therefore, if CPO price down to 2100 or even lower, it would be safe to LONG for Jan2010 / Feb 2010 contract.

Efficen: (Stock Code: 0064 )

1. Healthly balance sheet
2. EPS appro. 3 cents and PE for FY2010 7x-8x
3. Cash per share around RM0.047.

If able to break RM0.25 level, next target should be RM0.30.

AFFIN BANK...

Don't forget this counter. Potential move to RM2.40 if break

1 level: RM2.10
2 level: RM2.25

PE for FY2010 = less than 10x...suitable for defensive investors with target return of 10% within 3 months.

NOTION VTEC-0083

Still remember my views on 2-10-09:

1. Company consistently making profit.
2. Healthy balance sheet.
3. Accumulation started at 35 - 37 cents level.
4. Breakout at RM0.385 level on 24/9 and close at 41.5 cents.
5. Stable again at 41-43 cents level.Comments:

No harm to try this counter and wait for 50 cents first target.

The share price stable at RM0.465 level for few days and today finally break RM0.50.

NEXT: TRY FOR RM0.54 BEFORE TEST RM0.60 LEVEL

Happy trading

TIME.....time to move?

Volume increase from daily average2K lots to 22K lots (half-day).
First level RM0.33-0.35
Second level RM0.40
Third level ---- ?


Alternate choice to TIME ( PN17 counter) is TIMECOM.

GOOD LUCK!

APB-Resources Bhd

After the selling off on 30/9 @ RM0.975, some buying support at RM1.00 level and share price touch RM1.05 today. If this level able to maintain and pending for coming announcement on financial result, any breakout at RM1.10 level will see the share price to move RM1.20-RM1.30.

Affin Bank

Bank of East Asia increase its stake in Affin Bank through open market. From Bursa record, the transaction should be done at RM1.95-RM1.92 level.

NOTION VTEC BHD

Company background (Main Board: Stock Code 0083)
A high precision engineering specialist. Notion VTec is one of biggest high precision engineering specialists in Malaysia with 2 manufacturing plants in Klang, Selangor, which it has expanded a few times since its IPO in 2005.

OSK Research give target price RM0.585.

My views:
1. Company consistently making profit.
2. Healthy balance sheet.
3. Accumulation started at 35 - 37 cents level.
4. Breakout at RM0.385 level on 24/9 and close at 41.5 cents.
5. Stable again at 41-43 cents level.


Comments: No harm to try this counter and wait for 50 cents first target.

APB..opportunity to accumulate

Some selling pressure on 30-9-2009 and provide opportunity to accumulate this counter.
The price stable at RM0.975 on 1-10-2009.
Start to accumulate.

CPO..tight range BUT something is going on.

The open interest for December 2009 contract hit 34,625 contracts indicates that a very strong accumulation for CPO contract. The movement for coming weeks will be volatile when all this contracts going to close-off. Therefore, there will be a big swing in CPO price if certain news is announced. Belows are the possibilities that may happen:

1. Sales of Sime Darby10% equity to China government-CPO price to move up to 2,300 /2,400
2. Inventory level increase substantially and demand for CPO drop drastically- CPO price drop below 2,000 level.
3. Demand for CPO increase and Sept inventory level below 1.41 million tonnes- CPO price move up to 2,200/2,250 level.

Cautious trading for CPO. Good luck!