Malaysia Securities Bhd has approved KSL's proposed 1 for 1 bonus issue on 3rd November and has called for EGM to be held on 28th November to obtain shareholders approval.
KSL is expected to announce its 3rd Quarter earning before end of November. I am expecting an earning of around 20 sens a share with cumulative earnings of about 56 sens for the first 3 quarters. KSL is expected to earn more than 70 sens a share in 2014
KSL is currently forming the wave (v) of its major wave 3.
Berjaya Corporation Bhd (Rm 0.49)
Since 16th October, BJ Corp has formed 5 little advancing waves with encouraging volumes, a rather bullish development. I expect its next surge, the mini-wave (iii) can break its Monday's intra-day high of 51.5 sens with high volume to confirm the uptrend.
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