Wednesday, March 3, 2010

Some Old Favorite Stocks in Bursa Malaysia

Scomi Group Bhd reported a 4th Quarter negative earning of 4.24 sens. 2009 whole year earning is only +0.96 sen. Net assets is Rm0.96 per share. Wave C has yet to be completed, it has extended its wave C to nine wave. Watch out for 100% retracement for wave (II) to form double bottoms.

Priceworth reported its half year (ending December 2009) earning of +0.56 sen per share. Net Assets per share is Rm1.78. Its stock price is close to its base as shown . If it is forming a 1-2-i-ii pattern, the next surge can be powerful.

Kurnia Asia is in the process of completing its wave C of major (IV). 50 sens level can be a solid support for wave (IV). Half year (by December 2009) earning is 2.89, Net Assets is 20 sen. No good.

KNM may have started its major wave (III) already. Its 4th Quarter earning is negative o.78 sen per share. Whole year earning is +4.33 sen per share. Net assets is 48 sen. Chart form is nice but fundamental is not that strong.

Whole year earning for Inch Kenneth is 0.09 sen per share. Net assets per share is Rm1.16. Waiting for the start of major wave (V) pending its 300 acres land sales in Bangi. Since 2008 its quartery reports have been mentioning about finalising the deal.

Dutaland is about to complete its wave E of major wave (II). Its half year earning by December 2009 is negative 0.71 sen per share. Net assets per share is Rm 1.28. Look out for the starting of major wave (III).

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