Dow closed the week at 17,749. My reading for Dow remained the same. It is either forming the wave e of its wave (xiv).
Or it is forming the mini wave 3 of its sub-wave iii of wave (xiii).
FBMKLCI (1,781)
KLCI is forming the mini wave 2 of sub-wave i of wave (i) of its major wave 5. KLCI has a long way to go to complete its major wave 5.
Lee Swee Kiat Group Bhd (Rm 0.29)
Leesk dropped 16% or 5.5 sens on Friday after it was queried by Bursa for unusual market activity. LSK has announced an 'Assets Sale and Purchase Agreement' between LSK and Englander Sleep Product (ESP) LLC (a US company). Click 'Announcement' for details.
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This is a positive move by Leesk to manufacture and export EPS the 'Marks' mattress, bedding foundations and related products to 10 South East Asia countries covering Malaysia, Singapore, Indonesia, Thailand, The Philippines and others.
Leesk is at the mini wave 4 of its wave (iii).
KSL Holdings Bhd (Rm 2.12)
KSL is either forming the wave (v) of its major wave 3.
Or it is forming the wave e of its major wave 4.
This wave e may bring KSL to the Rm 1.70 level.
Kenanga Reserch & Investment has lowered their FY15-16E earning projection for KSL by 13% to Rm272m and Rm 302m. They have also lowered their target price for KSL to Rm 2.48 from Rm 2.76.
Click 'Kenanga' for details.
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