Based on long-term chart, Batu Kawan is about to have its last run to complete its wave 5 of major (V). The target should be around Rm 14.00 if wave 5 is assumed to have the magnitude of wave 1. It closed today session at Rm 11.02, slightly above its upper resistance line.
Batu Kawan has reported earning of 51.28 sens for its first half yearly result ending 31st March 2010. Its net assets per share is Rm 7.07. One of its main assets is its holding of 47% of Kuala Lumpur Kepong.
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