Crude oil (WTI) is forming its mini wave 4 (of sub-wave v of (iii)) rebound.
Wave a of its mini wave 4 has either ended or is about to end.
Dow (17,006)
Dow will continue with its sub-wave i formation in the next 3 to 4 weeks.
FBMKLCI (1,692)
If KLCI can break its upper channel line, then it is at its sub-wave iii.
However if KLCI starts to move lower next week, then last Friday high is the end of its mini wave 5 as well as the end of its sub-wave i.
EG Industries Bhd (Rm 0.94)
EG so far has completed its wave a-b and sub-wave i-ii of its wave c of 4.
Farms Best Bhd (Rm 0.74)
Farmbes has one more wave to go, its sub-wave ix, to end its wave (i).
Pan Malaysia Corporation Bhd (Rm 0.28)
PMCorp is currently forming its mega wave (5).
It is either forming the wave c of its wave (iv), if it continues to move lower next week.
Or it is forming the sub-wave vii of its wave (iii) if it can move higher next week.
At PMCorp's EGM held on 3rd March, 2016, the shareholders had approved among others, a capital distribution of 8 sens a share to all existing shareholders.
For its latest quarter ending 31th December 2016, PMcorp reported losing 0.02 sen a share. Net assets is 50 sens a share. It has Rm 134 million cash with only Rm 0.25 million borrowing. Cash per share is 17 sen.
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