On 26th February, KSL reported a very poor result for its 4th Quarter ending 31st December. From its 1st, 2nd and 3rd Quarters per share earning of 12.39 sen, 17.26 sen and 17.70 sen respectively, the 4th Quarter earning reported was -2.73 sen (negative earning). For the whole year, KSL still made 44.62 sen a share with net assets at Rm3.31.
My reading for KSL remains bullish, unless my chart interpretation is wrong. It is a (1)-(2), 1-2 and (i)-(ii) formation with strong support at Rm2.05 level. It closed at Rm2.10 today. If my interpretation is right, KSL is likely to hover around Rm 2.05 to Rm 2.10 for some times to complete the wave (ii).
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