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A Walk in the Park with Cypark Resources Berhad (5184)

Lately, I have been searching for a company which has good profit margins, a business model which is non-conventional (i.e., not manufacturing, banking, plantation, and trading in nature), and resilient to external market shocks. I hope I have found the right company! This week I will be looking at Cypark Resources Berhad (5184). Cypark is a company that is involved with the provision of environmental solutions. It has 4 main business segments which are: 1. Environmental engineering: Provision of nature conservation and environmental improvement services. 2. Landscaping and infrastructure: Provision of landscape services, project management services, and infrastructure development. 3. Maintenance: Provision of specialist maintenance works on leachate treatment plants, landscape services for parks, and maintenance of public amenities. 4. Green technology & renewable energy: Solar panel, biogas, biomass, waste-to-energy, and other renewable energy project

Technical Analysis Review: Hiap Teck Venture Bhd (5072) - 12/11/2017

I recently found out about this company -- Hiap Teck Venture Bhd (5072) -- through a friend of mine, and I thought I should take a look at it. I have not performed my fundamental analysis on this company yet, but I wanted to write about my observations on the price action of this company. 

Based on a surface level review of its financials, I noted that its joint venture company -- Eastern Steel Sdn Bhd -- recorded an impairment loss on its property, plant and equipment of about RM 266 million in its latest Q4 2017 financial result that was announced on September 28, 2017. As Hiap Teck's interest in the joint venture company was 55%, its share of losses from Eastern Steel was roughly RM 155 million. See Picture 1 below on the summary of its quarterly results:

Picture 1: Summary Hiap Teck's Quarterly Results






(Source: i3investor)

Technical Analysis Review of its Share Price

Picture 2: Price Chart of Hiap Teck









Based on my observations of the price chart, I think the hurdle for prices to trade higher is the trend line highlighted in BLUE. In addition, the MACD histogram shows a decrease in momentum at the high of point A to the lower high of point B. The RSI also indicates declining momentum as it is trending lower at point B. See Picture 2 above.

All is not negative for Hiap Teck as prices are still supported above its 20-day exponential moving average and prices have closed above the "gap down" on September 29, 2017.

However, I view that its latest price action on November 9 and 10, 2017 were bearish indicators

Key technical support and resistance levels:
Key Resistance: RM 0.425, RM 0.45
Key Support: RM 0.41, RM 0.39

Conclusion
These are just my observations based on price action and is not intended to be a buy and sell advice. 

The FBMKLCI has been bearish lately. Do check out my review of the FBMKLCI HERE to get a look on the immediate trend. 

If you like my posts and this blog please SUBSCRIBE in the link above or follow me on Google+ !!!    THANKS


Note: This is not a recommendation to buy or sell this stock by the writer. The writer does not own shares in this company. The writer intends to share his view point on this stock’s potential investment value, any decision to invest or sell shares in this company is entirely at the reader’s own risk. 

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