Tuesday, March 14, 2017

Ken Holdings Bhd (Rm 0.90)

Ken is a property developer and is also a contractor for marine and civil engineering works. Is last 4 quarterly earnings are 2.13, 2.32, 4.75 and 6.26 sens a share. Net assets per share is Rm 1.42.

From its long term chart (20-year), one can see that Ken has completed its mega wave (1)-(2), major wave 1-2-3-4.


From its 12-month chart, It appeared to me that Ken has completed its major wave 4 in January 2017. The February high 93 sens is likely to be its sub-wave i. It is possible that it has completed its sub-wave ii and is ready to begin its sub-wave iii of wave (i) of its major wave 5.


A very thinly traded counter.


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