Kuchai Development Bhd is an asset holding company controlled by the super rich Lee Rubber family. During the last quarter of 2010, Kuchai attracted market's attention when it shot from 80 sen to Rm1.72 in less than 3 months.
In October 2010, Dali of Malaysia Finance has written a very good article on Kuchai.
Click 'How Do You View Kuchai Development' for the writeup.
After touching a low of 82 sen in June 2012 to form its second bottom, Kuchai started its new uptrend and it proceeded to complete its wave 1 and 2 before end of 2012. A few days ago, Kuchai managed to break through the neckline of its 'double-bottom' reversal pattern. It closed the week at Rm1.20. the short term target is Rm1.40.
For quarter ending September 2012 its earning per share is 20.9 sen and its net assets per share is Rm2.47. It is important to note that its 20.9 sen quarterly earning was due to 'fair value gain'.
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