Finally LCTH managed to move and close above the 70 sens level. My projected level for wave (v) is about 82 sens. If that is the end of major wave 3, it may take another 4 to 5 months for its major wave 4 consolidation, another frustrating period.
However, if wave (v) is able to move much higher than 82 sens, then major wave 3 is likely to have 9 waves and it may end above Rm 1.00.
Insas Bhd (Rm0.815)
Refer to the following statement from Insas's 2014 annual report,
If I divide Rm1.75 billion by the total number of Inari share, 727.39 million, the corresponding share price is Rm2.40. The current share price of Inari is Rm 3.47, that will give a market capitalisation of Rm2.52 billion or an unrealized evaluation gain of Rm0.88 a share.
I expect Inari to hit Rm4.00 by end of 2015. That will give a market capitalisation of Rm2.91 billion and an unrealized evaluation gain of Rm1.04 a share. If I add this to its net assets of Rm1.91 a share, I will get Rm2.95 a share.
Insas closed at Rm0.815 today. With a quarterly earning of 5.07 sens a share, this stock looked cheap. It has a healthy balance sheet with a net cash of Rm194 million.
Looking at its long-term chart, it has a major wave 5 target of Rm2.00 by first half of 2016. I hope I am right. At this moment I am assuming that it has completed its major wave 4 and it has started its major wave 5. First, let's see whether this assumption is correct.
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