Dow, FBMKLCI, KSL and FACB

Dow

Dow moved side-way in the last 5 trading days. The 2 possibilities that I have mentioned in my previous Sunday posting remained the same as shown below.

Dow is either forming its small wave iii of its mini-wave 3.

 

Or it is forming its mini-wave 4.

FBMKLCI

FBMKLCI is either continuing its sub-wave iv in the next two weeks,

Or if there is a Chinese New Year run-up, last Friday's low can be the mini-wave 2 of its sub-wave iii.

KSL Holdings Bhd (Rm 2.44)

KSL's chart looks bullish with high trading volume last week. If it continues to consolidate in the next few days, then it is forming its wave (iv).

However, if can move higher next week, then it is forming the sub-wave iii of its wave (iii), very bullish.

If KSL continues to move higher in the next several weeks, I believe its 4th quarter (Oct - Dec) earning may exceed 17 sens a share, giving a total of more than 63 sens a share for the whole of 2013. 

FACB Industries Incorporated (Rm1.35)

FACB's chart looks bullis. If it can close above Rm 1.38 tomorrow, then it is forming its sub-wave iii. With a cash backing of Rm 1.77 per share, its price should not stay below Rm 1.77.

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This MM is not that MM

Marina Mahathir,

“We have celebrated the Gregorian new year for ages. So how did it suddenly become a Jewish celebration?"

“We have wished our fellow Malaysians the best during all our festivities. So how did it suddenly become a threat to our faith? Or is our faith so fragile that it can hardly withstand anything?”

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KSL Holdings Bhd

KSL Holdings Bhd (Rm2.43)

KSL gained 6 sens to closed at Rm2.43 today. By now it is quite clear that it is forming its major wave 3.

 

For the first 3 quarters, KLS earned 47.35 sens per share. If it can make another 17 sens a share for its last quarter ending December, it will make 64 sens a share in 2013. Net assets per share is Rm3.34. Even with a Price/Earning ratio of 5, its stock price should be at least Rm3.20

If KSL continues to move higher tomorrow and can stay above Rm2.50 at the close, it is likely that sub-wave iii of wave (iii) has started as shown above.

And if KSL starts to move lower tomorrow and continues to move lower next week, it is more likely that the current pullback is its wave (iv) as shown above.



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Thank You Sir Run Run Shaw

It is very likely that the first movie that I watched in the cinema with my mom and dad  in the 1950's was from you.

It was while I was watching your TVB show from Astro that my wife told me that you has passed away.

Along my journey from a small kid in the 1950's to today's old Apek, your cinema movies, TVB shows, film stars and songs were always there for me to spend my time alone or with my parents, brothers and sisters, schoolmates, friends, my wife and children during weekend, long school holiday, Chinese New Year ........ dating :) ..... when I was happy or moody or boring.

 Hard to imagine how my life would be in those days without Shaw Brothers and TVB.

 Thank You 

for all the happy hours 

and entertainments.

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3 Cash-Rich Companies

FACB Industries Incorporated (Rm 1.35)

Its net cash in-hand is Rm 149 millions, equivalent to Rm 1.77 per share of cash. Its last quarter earning is 76.64 sens per share. Main bulk of its profit was due to gains from disposal of properties. Its net assets is Rm2.61 a share.

FACB moved from Rm1.26 to Rm1.35 within two days with high volumes. It is likely that wave (iii) of its major wave 5 has started.

Land & General Bhd (Rm0.465)

Its net cash in-hand is Rm267 millions, that is 42 sens per share. Besides the cash L&G has 1,009 hectares of rubble and oil palm estate in Ulu Selangor and other development land and properties.

Its last quarterly earning is 3.86 sens per share. Net assets per share is Rm0.75.

L&G gained 3 sens today to put on a solid green candlestick.

It appeared to me that the mini-wave 3 of its sub-wave iii of its major wave 3 has started.

Pan Malaysia Corporation Bhd (Rm0.23)

PM Corp has Rm139 millions cash with little borrowing. Cash per share is 20 sens. It has businesses and other assets in Malaysia, Singapore and Hong Kong.

 

PM Corp gained 1.5 sens today. Its last quarterly earning is 3.22 sens a share. The high profit is due to an exceptional gain of Rm21.58 millions arising from disposal of properties. Its net assets per share is 48 sens.

 

The wave count for PM Corp is as shown above. Has the correction ended ? The pullback can either be the major wave 6 or the wave A of mega wave (4). The next rebound is either the major wave 7 or it is the wave B of mega wave (4).


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Weekend Review - Dow, FBMKLCI and KSL

Dow

If the current pullback for Dow is a minor correction, a very minor wave ii of mini wave 3's correction, then Dow should continue to set new records next week. Sub-wave iii will be able to last until May or June.

If Dow failed to move higher next week, it is possible that a higher degree correction, the mini-wave 4 correction has started as shown below. Sub-wave iii may end in February to be followed by sub-wave iv and v.

FBMKLCI

There is not much changes to FBMKLCI, it continues its journey to complete its major wave 3.

It is forming its wave (v) as shown below.

FBMKLCI so far has completed its sub-wave i, ii and iii of its wave (v). Sub-wave iv is being formed, it may take another week or two to complete unless the 31st December high of 16,576 is not the end of sub-wave iii.

KSL Holdings Bhd (Rm 2.33)

KSL started to move higher with high volume last week. It looks like wave (iii) of its major wave 3 has started.

It has started to pull away from the 'neckline' of its 'inverted head and shoulder' formation.

KSL has reported very good earning for its last three quarters. Its earning per share for its 1st, 2nd and 3rd quarters are 12.39 sen, 17.26 sen and 17.70 sen respectively. If it can report another 17 sen for its last quarter ending December, its earning per share for 2013 will be 64.35 sen. Its net assets is Rm 3.34 per share. At Rm 2.33, KSL is definitely a value buy for me.

Thank You

 

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