KSL Holdings Bhd and Berjaya Corporation Bhd

KSL Holdings Bhd (Rm 4.65)

Malaysia Securities Bhd has approved KSL's proposed 1 for 1 bonus issue on 3rd November and has called for EGM to be held on 28th November to obtain shareholders approval.

KSL is expected to announce its 3rd Quarter earning before end of November. I am expecting an earning of around 20 sens a share with cumulative earnings of about 56 sens for the first 3 quarters. KSL is expected to earn more than 70 sens a share in 2014

KSL is currently forming the wave (v) of its major wave 3.

Berjaya Corporation Bhd (Rm 0.49)

Since 16th October, BJ Corp has formed 5 little advancing waves with encouraging volumes, a rather bullish development. I expect its next surge, the mini-wave (iii) can break its Monday's intra-day high of 51.5 sens with high volume to confirm the uptrend.

 

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Dow - New Record High

Dow (17,390)

Dow added 195 points (+1.13%) to close the week at 17,390 for a new record high. It is forming the sub-wave i of its wave (xiii).

FBMKLCI (1,855)

KLCI is forming the wave d of its major wave 4. Hopefully this wave d can last until early 2015.

Berjaya Corporation Bhd (Rm 0.51)

The green candlestick on Friday has provided a very crucial mini-wave v to BJ Corp. With this 5-wave up, the last 47 sen level has a better chance to be the end of sub-wave v of (v) of C.

BJ Corp has a better chance that its down trend since April 2010 has ended.

Farlim Group (M) Bhd (Rm 0.58)

Farlim has finally completed its land sale to 1MDB for Rm 112.5 millions during the second quarter this year. The company is holding Rm 114 millions of cash with almost zero borrowing. Its cash per share is 81 sens.

Beside the cash, Farlim has many other undervalue properties in Penang, Petaling Jaya, Kajang, Melacca and in Trengganu. Its 208 acres of land in Kemaman, Trengganu has a book value of only Rm 1,604,301.00, which is about 18 sens per sq.ft.

If its recent low of 53 sen is the end of its major wave 2, it is possible that the current run-up is the starting of its major wave 3.

Advance Synergy Bhd (Rm 0.19)

Has its major wave 4 ended  and its major wave 5 started ?

KSL Holding Bhd (Rm 4.52)

It is likely that KSL is currently forming its wave (v). The only question is how high it can go.

Pan Malaysia Corporation Bhd (Rm 0.255)

Hopefully its major wave 4 has ended and its major wave 5 has started.

Priceworth International Bhd (Rm 0.225)

My wave count is as shown. Hopefully it has started its wave (iii).

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Dow - More new highs in front

Dow (17,195)

Dow added 221 points (+1.3%) to end Thursday trading at 17,195. Dow is only 84 points away from its previous record high of 17,279.

Hopefully Wave (xiii) can last until early 2015. Last wave can be quite unpredictable, it can be a failure wave, it can also have an euphoric run-up for a grand finale.

Dutaland Bhd (Rm 0.695)

Duta is forming the wave (v) of its major wave 3

Major wave 3 of its mega wave (3)

Berjaya Corporation Bhd (Rm 0.49)

From its peak of Rm 1.78 in April 2010, Berjaya Corp dropped all the way until June 2014 to 47 sen. Two weeks ago, it dropped to 47 sens again on Oct. 16. Is this the 'double-bottom' reversal pattern?

At this moment it is forming the sub-wave v of its wave 5 of C of mega wave (2). I am not sure whether its down trend since 2010 has ended. I am still looking for sign that the down trend has ended. But once the 47 sen level is broken, it can continue to go lower.

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FBMKLCI - wave d of major wave 4

FBMKLCI added 13 points (+0.76%) to 1,839 on Wednesday. It is forming the wave d of its major wave 4.

My target for this wave d is around 1,925 and it is likely to end by early 2015. 

Hopefully by then KSL, PMCorp, Mui, Dutaland and PWorth can reach new highs.

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Dow - Forming wave (xiii)

Dow added 187 points (+1.12%) to close the day at 17,005 on Tuesday.

It is currently forming the mini wave 3 of sub-wave i of its wave (xiii).

Dow is expected to set more record highs and hopefully wave (xiii) can last until early 2015.

However, if major wave (5) has only 13 waves then this wave (xiii) will be its last wave, there may be a possibility that wave (xiii) can be a failure wave, so watch out for that. A failure wave (xiii) may not be able to last until 2015.

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Dow - wave (xiii) has an upper hand

Dow (16,805)

Dow added another 127 points (+0.76%) on Friday to end at 16,805. This 0.76% gain may be small but it help the Dow to recoup more than 50% of its recent losses and to overlap with its mini wave 7. With these development Dow looked more likely that it is forming its wave (xiii) and Dow is more likely to set more new highs until early 2015.

At the end of wave (xiii) the question of whether major wave (5) or mega wave 1 has ended will come out again.

FBMKLCI (1,818)

If Dow is more likely to form its more bullish option of wave (xiii) from now until early 2015, it is very likely that KLCI is forming its wave d of its a-b-c-d-e major wave 4. This wave d should be able to last until early 2015.

KSL Holding Bhd (Rm 4.19)

Inline with KLCI, it is likely that KSL has completed its wave (iv) and is forming its wave (v) at this moment.

Hopefully it will go above Rm 5.00 this time.

Dutaland Bhd (Rm 0.605)

Same as KSL hopefully Dutaland has completed its wave (iv) and is forming its wave (v) at this moment and hopefully it can move above Rm 0.80.

Pan Malaysia Corporation Bhd (Rm 0.225)

Similarly it is possible that PMCorp has completed its major wave 4 and is forming its major wave 5 now.

Priceworth International Bhd (Rm 0.195)

Inline with KLCI, it is possible that PWorth is forming its wave (iii) at this moment.

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Dow - Still can go either way

Dow (16,677)

Dow added 216 points (+1.32%) on Thursday but the magnitude is not big enough to help me to eliminate one of the options. I still have the bearish option 1.

And the bullish option 2 still hold.

FBMKLCI (1,810)

In tandem with the Dow, KLCI also has its bearish option 1

And its bullish option 2.

KSL Holding Bhd (Rm 4.22)

Similarly for KSL, if KLCI remained in option 1 then the current rebound for KSL is the wave b of its wave (iv).

However, if KLCI is forming its wave d (option 2) then KSL's wave (v) has started and hopefully it can go above Rm 5.00.

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