FY09P/E: N/A, P/BV: 0.3x
• The stock is poised to break out from its downward channel. If it succeeds,
we see more upside from current level, possibly towards the RM0.355 and
RM0.38 resistance levels.
• Indicators are improving. MACD is gaining momentum while RSI signal line
has hooked up.
• Cut loss however if it breaks below RM0.29. Traders with higher risk
appetite may want to position ahead of the breakout.
Eden Inc Berhad is an investment holding company. Through its subsidiaries,
the Company operates restaurants, caters food, retails souvenir and dried
seafood, and develops properties. Eden Enterprises also manufactures cakes,
pastries, and electrical and engineering parts as well as operates power plant
as an independent power producer.
FY09P/E: 8.8x, P/BV: 0.9x
• The stock has retraced to approximately 50% of the Fibonacci level after
peaking at RM4.22 (from a low of RM2.28). It may be due for a rebound
possibly towards the next resistance at RM3.46 and RM3.75.
• Bullish divergence is seen in the daily chart. MACD bars are gaining
strength while RSI has hooked up from the oversold zone.
• Investors would likely do well joining the buying bandwagon. However, cut
loss if it breaks below RM3.10, which would deem as false breakthrough.
Lafarge Malayan Cement Berhad is an investment holding company. Through
its subsidiaries, the Company manufactures, sells, and distributes cement and
clinker. Malayan Cement also manufactures and sells ready-mixed concrete,
provides shipping services, leases vessels, and trades building materials.
• The stock is poised to break out from its downward channel. If it succeeds,
we see more upside from current level, possibly towards the RM0.355 and
RM0.38 resistance levels.
• Indicators are improving. MACD is gaining momentum while RSI signal line
has hooked up.
• Cut loss however if it breaks below RM0.29. Traders with higher risk
appetite may want to position ahead of the breakout.
Eden Inc Berhad is an investment holding company. Through its subsidiaries,
the Company operates restaurants, caters food, retails souvenir and dried
seafood, and develops properties. Eden Enterprises also manufactures cakes,
pastries, and electrical and engineering parts as well as operates power plant
as an independent power producer.
FY09P/E: 8.8x, P/BV: 0.9x• The stock has retraced to approximately 50% of the Fibonacci level after
peaking at RM4.22 (from a low of RM2.28). It may be due for a rebound
possibly towards the next resistance at RM3.46 and RM3.75.
• Bullish divergence is seen in the daily chart. MACD bars are gaining
strength while RSI has hooked up from the oversold zone.
• Investors would likely do well joining the buying bandwagon. However, cut
loss if it breaks below RM3.10, which would deem as false breakthrough.
Lafarge Malayan Cement Berhad is an investment holding company. Through
its subsidiaries, the Company manufactures, sells, and distributes cement and
clinker. Malayan Cement also manufactures and sells ready-mixed concrete,
provides shipping services, leases vessels, and trades building materials.
FY09P/E: 9.8x, P/BV: 0.7x• The stock may have bottomed temporary at RM2.35 end October last year.
However, the rising wedge formation is a bearish sign.
• MACD is still positive but RSI is fast approaching the overbought territory,
suggesting volatile trade ahead.
• If it breaks below the trend line support of RM3.30, the candlestick may ease
towards the next support at RM3.02. Meanwhile, resistance is at RM3.67
and RM3.82. Sell into strength.
IJM Corporation Berhad is an investment holding company that provides
construction services. The Company, through its subsidiaries, operates in
property development, provides quarrying services, manufactures and sells
premix products, cultivates oil palm, and provides education services.
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