Time for Warrant ?

Gamuda : Target price given by some broker house range from 4.20-4.80 level.

Gamuda WD (RM1.40):-
Expiry in year 2015.
Exercise Price= RM2.66

IF.. Gamuda moving up to RM4.50, WD will be RM1.84 (30% potential upside)

Moving to Defensive Counters

How far can the KLCI move further? 1450, 1480 or 1500 some say 1600.

The next strategy will be:
1.) Take profit and cash out at least 50% of your portfolio.
2) Move to high dividend yield and defensive counters i.e.
a) AEONCR---DY 5.6% and potential bonus issue
b) NCB --- DY 6.75%

KFIMA-6491

Earning will be enhanced to higher level toward EPS of RM0.25 to RM0.30.
It related subsidiary company-FIMACOR (3107) posted better quarterly result and contribute EPS of RM0.05 for KFIMA quarterly. Hope to see the items improve:
1. EPS from 0.20 to 0.25 / 0.30
2. cash per shares from 0.48 to 0.55 ( increase 0.07 per quarter), whole year cash per shares could be RM0.70 per shares.
3. retained earning improved from RM48 million to RM68 million.

Target Price: RM1.75 - RM2.10 based on PE 7X.

KFIMA (6491) building up volume this week, hope can maintain price above RM1.10-RM1.14 level.

PE = 5X
DY= 4.3%
Healthy balance sheet and sustainable business model.
Target Price = RM1.26-RM1.44



AEONCR (5139), continue to accumulate at this level.

Update on Recomended Counters

KFIMA : slowly building up at RM1.04 level. Pending financial result to be released this month, continue to accumulate at this level and wait for RM1.15-RM1.20.

AEONCR: Continue to accumulate at RM3.80-RM3.90 level.

CPO : Price moving upward

CPO price moving steadily toward RM2,700 level (spot month). Watch out for plantation counters. Golden Agri re-test SGD0.60 level on Monday and once breaking SGD0.62 resistance, it may go further up again to SGD0.65 to SGD0.70 level. With the acquisition of China food company and the sales network, i expect the revenue from China may contribute significantly.

KFIMA

Moving slowly with tight volume.
Pending financial result to be released end of next month ( 1 month from now), I think now is the right time to accumulate for those who miss below RM1.00 level.
Target Price?
EPS= RM0.18 , PE = 7 x to 8 X ..Fair Value = RM1.26 to RM1.44 ( 20%-40% upside compared to limited downside risk of around 10%. Good Buy.

COCOLAND (7205)

Time to cash out. Two months provide 42% return ( refer post dated 13-5-2010 ).
Exceeded my fair value. If the price continue to move further, let it be and find another good counter for next 3-6 months investment.

KFIMA (stock code:6491) - will be my next counter.
Price hold well at RM0.93-0.94 level. Start to accumulate.

China Economic Slow Down

The US Conference Board revised its leading economic indicator index for China in April to a rise of only 0.3 per cent from its previously reported 1.7 per cent, on account of a calculating error.

Whether the figures is correct or wrong, a minor adjustment for China market is healthy for long term growth.

Get ready for this down turn and we may be able to make atleast 10%-20% by year-end.

Golden Agri: buy SGD0.50 and below.
Level 1 : 0.500
Level 2 : 0.475
Level 3 : 0.450

KFIMA-another FABER?

Fundamentally good with EPS estimated atleast 18 sen for FY2010. Building up in cash in hand RM128 million. Business include manufacturing, bulking and plantation.

Good entry point at RM0.95 and below.

COCOLAND (7205)

COCOLAND price find a very good support at RM1.40 level and today its price break 1.55 with volume increase > 1.4 million share traded. Something is going on. Maintain TP- RM1.80

AEONCR (5139)

If you think Jusco business is good and most people like to shop there, then you should consider to buy AEONCR-RM3.90 :-

1. Good dividend yield 5%
2. Potential bonus issue this year/next year based on AEON track record.
3. Target price given by OSK Research- RM4.90

Golden Agri

Golden Agri price find good support at SGD0.48 with CPO price trading at range 2370-2450 level. Therefore, we may start to buy again for price SGD0.50 and below if opportunity emerge.

Golden Agri closed at SGD0.53 on 14-6-2010.

Uncertainty and Volatile Market: Any Oppotunity?

Strategic for May-July 2010:

1. Defensive and low gearing companies.
2. Potentially giving out dividend.
3. Potentially announce bonus issue.

Counter to watch:
KSL : start to accumulate below RM1.40. Strong retained earning sufficient to issue any bonus.
Based on track record, in May is the announcement period for dividend ( appro. 8 sen for
this year)
CoColand: Price well maintain at RM1.40. Healthy balance sheet.
Golden Agri : Financial result just released and show robust performance. (TP SGD 0.68 )

Crude Palm Oil

CPO production unexpectedly drop 5.84% and inventory level drop 2%.
The recent CPO price hold well at 2480-2525 level become the immediate support level. With the first 5 days export figure show +21.8% (by ITS), I think CPO will trending upward again.

Buy Golden Agri -SGD0.55.

Crude Palm Oil

1. Inventory figure will be released next Monday (10/5/10)- expect to increase due to increase in output and dropping in export.
2. Scenario will be not encouraging with recent credit tightening policy by Chinese Government.
3. For this month, CPO price may test RM2378 level.

KSL (5038)
1. Property counter with EPS 0.24 (PE 5.7X)
2. Private placement @ 1.18
3. Based on track record, bonus issue in year 2003 and 2007. KSL healthy balance sheet showed that the company able call for another bonus issue maybe this year/next year.
4. TP 1.70 based on PE 7X.



APB :
1. Share price adjusted after dividend and some selling pressure due to disappointed earning for last quarter result. However, if we look into its account, cash per share jump to 57 cents per shares. Last quarter EPS less than 10 cents may due to its operating cost after the new plant started to operate.
2. Share price currently maintain at RM1.10 level.
3. Time to average and accumulate and wait for next financial result.


COCOLAND

1. Share price maintained at RM1.33 for past few weeks.
2. Share price start to try 1.41 level.
3. If break 1.45, Cocoland my try next level @ 1.60


AFFIN
1. Two research houses give TP of RM300-3.25 level2.
2. Share price trading at RM2.86. Next level should be RM3.20 with improved earning.



GOLDEN AGRI-S'PORE
1. CPO price trading at RM2700 level. Low production will push up the CPO price to 2,878-3,083 level
2. Trading at SGD 0.56. Once break 0.60 level, we may expect 0.65 followed by 0.70 level for coming 1-2 months

Stock Pick: 15%-20% potential upside

APB :
Share price well maintain at RM1.20. Good entry at 1.18-1.19 level.
Accumulate and wait for 3-6 months for next financial result.

COCOLAND
1. Healthy balance sheet with improved earning.
2. EPS - appro. 14 cent
3. Good entry at 1.26-1.35 level.

AFFIN
1. Two reserach hourses give TP of RM300-3.25 level
2. Share price maintain at 2.55 level
3. Accumulate at 2.30-2.50 level.

GOLDEN AGRI-S'PORE
1. Profit taking started from SGD0.65-SGD0.58
2. Start to accumulate - below SGD0.53

China Market- Any Adjustment?

China government may increase its interest rate again if the economy is over-heated. The market will adjust according and I think 10% adjustment will be a comfortable level for post financial crisis. Therefore, whenever any adjustment take place, remember to seek opportunity to enter the market.

For mid-to-long term investors, defensive and high dividend yield counters will be able to cushion any downward adjustment.

Recommended sectors:
1. Banking
2. Infrastruture
3. Consumer Product
4. Commodity

HK Market...Any opportunities?

Watch out for following counters if you want to take advantage on HK market.

1. ICBC Bank - HKD 5.90 ( trading buy @ 5.80-5.60 )
2. BOC - HKD 4.00 ( trading buy at 3.80-3.60 )
3. Hopewell - HKD 5.00 ( accumulate at 4.80-4.60 level, TP 6.00 )

WHY Hong Kong?

1. Liquidity - the turnover is 38X more than M'sia n market
2. Volatility - able to take advantage on the price fluctuation.

Golden Agri..Profit Taking?

The share price hit highest @ SGD0.655 on Monday. Suggested client to sell atleast 50% of the holding. Waiting for the right timing to re-enter again.

Entry point : Level 1 : SGD 0.55 #
Level 2 : SGD 0.50 #
Level 3 : SGd 0.45 #

Today Golden Agri closed @ SGD 0.59. If CPO price continue to drop, I think the share price may go down to the suggested entry price#.

CPO Invenroty increase to 2.2million tonne

With the increase in inventory level, the CPO price can not hold firmly at 2600 level. The CPO price may trading downward toward RM2350 level if the following happen:

1. export figure decrease
2. production increase

However, the CPO price may rebound back to 2600-2800 in the event the existing cold whether persist and production from other seed oil decrease.

Sort Term Trading Strategy:

Long : Level 1 : 2480
Level 2 : 2430
Level 3 : 2385

Short : Level 1 : 2550
Level 2 : 2580
Level 3 : 2625

Golden Agri and CPO Counter...CNY Ang Pow

Recap on BUY CALL on this counter on 18 Nov 2009 (SGD 0.46).


Today Golden Agri closed at SGD 0.575 ( up by 25% in less than 2 months ).

Looking at CPO price may continue its upward trend toward Feb 2010, Golden Agri may extended it movement and try to break SGD0.60 level and go higher toward SGD0.70-0.75 level.

CPO price has been moving firmly from 2200 level in October 2009 until now 2700 level (up by 22%). I believe most of the plantation companies will report better quarter result. Therefore, for those looking for CNY Ang Pow, you may try plantation counters.

Tier 1 plantation counter: RM1.00+/-
1. CEPAT-RM1.00
2. TANAMAS (GLBHD)-RM0.92

Tier 2 plantation counter: RM2.00-RM4.00
1. IJMPLNT-RM2.57
2. KMLOONG-R2.20
3. BSTEAD-RM3.46

Tier 3 plantation counter: RM4 and above
1. GENPLNT - RM6.40
2. UMCCA-RM7.96

Risk to the above suggestion: crude oil and soybean oil prices drop sharply.

Why I like APB ?

Date: 28-12-2009Sector : Oil & Gas ( fabrication)
Price: RM1.20 Stock Code: 5568 Listed Shares: 112,875,000

Comments:
1. Healthy balance sheet with cash balance of RM53 mil as at 30-9-2009.
2. FY09 EPS of 23 cent . DY of 5.4%
3. Expect 2010 earning to increase with recent plant expansion.
4. Ability to pay higher dividend in 2010.
5. Potential special dividend payout or bonus issue to increase its paid –up capital.

Target price :RM1.60 based on PE 7X (33% upside)
RM 1.84 based on PE 8X (53% upside)

Expect to pay out 1st interim dividend of atleast 3 cent by Feb 2010 and final dividend of 3.5 cent by May 2010

Efficen: (Stock Code: 0064 )..Now RM0.20

Efficen share price stable at 0.195...look attractive and based on latest financial result released on 30-11-2009, I think is a good bet for this penny stock. Low risk High return.

Even though I don't like the management to park the cash with Asset Management for their idle cash, however, we need to focus on its business and cash generated.

Safe to bet on this counter. Maybe share price will come back to RM0.26 level. 30% UPSIDE.

Level 1 - 0.225
Level 2 - 0.240
Level 3 - 0.265

危机？机会？Dubai World Crisis

1. Get ready ... look for counters that can provide 10-30% return for next 1 month?

2. Divide your fund into 2 :-
FIRST round from 30-11 to 4-12
SECOND round from 7-12 to 11-12

3. Then ...wait for rebound.

4. Counters :-

Gpacket below 0.95
Gpacket-wa below 0.45
Maybank-CM below 0.10
Connect below 0.04
APB below 1.15
PJD -WB below 0.11

Good Luck.

ConnectCOUNTY: stock code 0102

0102...nice number.


NTA : RM0.04
Borrowing: RM1.1 million

Quoted from interim financial statement dated 30-9-2009
There is no outstanding uncompleted corporate proposal as at the date of this quarterly report. Notwithstanding, as a result of its GN3 status premised on the regulation as per the Bursa Malaysia Securities Berhad ("Bursa Securities") ACE Market Listing Requirements ("ACE LR"), the Group is required to submit a proposal to regularise its financial position by 25 October 2009.
The Company had on 7 October 2009 submitted an application to Bursa Securities for the following:
(a) to adopt the new regime under the ACE LR in respect of the requirements which are to be complied by an affected listed company;
(b) extension of time for CCHB to appoint a Sponsor in accordance with Paragraph 8.04(3) of the ACE LR; and
(c) extension of time for CCHB to submit a regularisation plan to Bursa Securities in accordance with Paragraph 8.04(3) and GN3 of the ACE LR.
(collectively referred to as the “Application”)
Bursa Securities had vide its letter dated 22 October 2009 approved the Application subject to the following conditions:
(a) CCHB to appoint a Sponsor and make the relevant announcement by 30 November 2009; and
(b) CCHB to submit the regularisation plan to the relevant authorities (“the Approving Authorities”) by 25 February 2010.
The Company is currently in the midst of discussion with potential principal advisers for the appointment to be its Sponsor and will make further announcements on any material developments in respect of the appointment of a Sponsor in due course.


Now trading at 0.035-0.04 level, picking up from 0.02 level. ( provide 75% return).

Trading strategic for PN 17 counter:
1. If you make some profit from recent trades i.e. RM2K or 3K, you may try this counter.
2. Worst case scenario: you may be able to sell at 0.015-0.02.
3. if we are lucky, may be the share price can try 0.05-0.08 level ( 42% to >100% return)

Affin..still not too late....

If share price able to maintain at 2.30-2.40. Start to accumulate.

Suitable for short term and mid term investment:

1. When economy is recovering and interest rate tend to be adjusted upward slowly by next year.
2. Earning increase for banking sector.

Still not too late to look at this counter.

CPO hold firmly at above 2300 level And Golden Agri

Recap on comment dated : Monday, October 26, 2009

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 >> 2125Therefore, if CPO price down to 2100 or even lower, it would be safe to LONG for Jan2010 / Feb 2010 contract.

---------------------------------------------------------------------------------------------
Today CPO closed at Feb Contract: 2400 level

I believe any downward adjustment will be temporarily and it will trending upward to 2500 level toward Feb 2010.

Therefore, opportunity to invest in plantation counters for the next 3 months may provide 10-30% return. Top pick : Golden Agri (Indonesia company listed at Singapore SGD0.46)

Why?
1.) exposure to plantation sector since earning is picking up compare to early of this year
2.) riding on Singapore Dollar appreciation ( if you believe)

Golden Agri being the 2nd largest landbank plantation company in the world is doing well and continue to grow. Low gearing and having a good distribution channel in China.

Level 1 : SGD $0.50
Level 2 : SGD $0.55
Level 3 : SGD $0.60

20-30% potential return. Good Try!

PJ Development..Strat to move

Today volume increase and closed at RM0.735.
The listing of its subsidiary should add more good news to PJ Dev and help to unlock its value.
Level 1 - RM0.78
Level 2 - RM0.82
Level 3 - RM0.99

From now until listing of its subsidiary- by 1Q2010....almost 3 months, provide potential return of approximately 30%.

AFFIN

Finally newspaper published: rumour saying Hong Leong Bank merge with Affin Bank..Whether the merger news reliable or not, the salient point is that Affin being the cheapest banking counter worth to consider especially most of the banking counter already moving up.

Efficien:0064..WHY Invest through Asset Management?

In order to maximise the return for idle cash sitting in bank account, the management should use their expertise to find a viable investment option to generate more profit for the company instead of parking money with fund manager.

RM8 million parking with fund manager? ...If lucky, RM8 million make 10-20% return. IF NOT LUCKY..????

As a listing corporation, try to avoid any investment with uncertainty. The other option for using the cash is to pay out as dividend and make the shareholder happy.

APB...still can consider

For defensive investor, this will be the good counter to invest.

Consistently payout dividend of 10 cents (dividend yield of 8% based on share price RM1.20, better than FD rate). Good management team and healthy balance sheet.

4Q2009 financial result will be released soon by end of November.

Affin Bank..the laggard Banking Counter

Recap on comment dated: Friday, September 11, 2009
Topic: Stock Watch: Affin Bank .Why?

1. Strong shareholders- LTAT, Boustead and Bank of East Asia (HK)
2. Public spread - major shareholders hold most of the shares and easy to "push" when any annoucement is made.
3. PE - low PE (8X based on RM1.93), industry PE is 14X for 1st tier bank. IF, given PE of 10X, price may move to RM2.40. PE 12X, target price RM2.88

Any Risk?
Strong shareholder back-up. Don't worry.

If you are looking at 14-20% return within 3 months...Good TRY



Recap on comment dated : Tuesday, October 13, 2009 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.

Current share performance
The share price moving up slowly and good support at RM2.10 level. The next target will be RM2.25--RM2.50 --R2.80.

Bank of East Asia continue to increase its stake in Affin Bank through open market.

Salcon - (Stock Code 8567)

Prospect:
With a stronger order book in construction and improved profit contributions from China concessions,the Group is confident that the current financial year’s performance will improve barring any unforeseen circumstances. The Group continues to expand its core businesses overseas and had set up an office in Ho Chi Minh City, Vietnam in April 2009 and is setting up an office in Hyderabad, India, to tap into the vast construction projects for water and wastewater in these two highly populated countries.

NTA = RM0.65 as at 30-6-2009
Financial position = OK
Support level 1: RM0.510
Support level 2: RM0.560

Resistance level 1:RM0.610
Resistance level 2:RM0.650

Consolidate at RM0.510-0.550 level. Good buy at RM0.55-RM0.58 level.
Any breakout at RM0.620 level will see the share price try RM0.68, then RM0.75.
Hope the 3Q financial result can show good improvement then we can expect the share price moving up.

Good Luck!

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!

TIME..After Restructuring

Watch out for TIME (stock code 4456). Currently trading at RM0.285.

Automative Industry

The recent run up of some automotive counters trigger some market interest especially the "taiko" -PROTON moved from RM2.9 to RM4.50. After screening through some of the companies, belows are my selection for those interested in automotive counters:
1. SUNCRN
2. DELLOYD
3. NHFATT
4. APM

Warrants.

Warrant Expiry Date Exercise Price Closing (23/9) Underlying Share
BRDB-WA 26/09/2012 RM1.10 RM0.605 RM1.69
TGOFFS-WA 07/04/2016 RM0.55 RM0.860 RM1.29
RAMUNIA-WA 19/12/2014 RM0.51 RM0.260 RM0.49

My basis of considerations:
1. Expiry date : more than 3 years.
2. Underlying share : BRDB and TGOFFS posted profit for the past three years. As for Ramuinia, I believe the SIME-Ramunia "story" still intact.
3. Trading at low premium after conversion except Ramunia-wa.
4. From now till the next 3 years, I think there will be atleast a few rounds of uptrend for our KLSE.
5. Do not put all your money in these counters. My advice will be 10-20% of your fund for this kind of risky counter or use whatever gain from previous investment to try your "luck".

Abritraging opportunity:
Ramunia-PA (20/12/2009), PA trading at RM0.43, conversion 1:1, Underlying RM0.49 ( provide 13% potential return for 3 months), provided RAMUNIA share price hold RM0.49 and above.

KURNIA ASIA

If you beleive Capt. Chai, the new CEO of Kurasia able to turn around the company, then maybe we can expect the share price to move back to RM1.00.

Kurasia share price has been slowly moving from RM0.60 to RM0.75 . It look like some activities to accumulate this counter.

RM1.0-RM0.75=RM0.25 ( 33% upside)

If the company able to deliver positive/better result for coming quarterly financial annoucement (ended 30-9-2009), then we should consider this stock.