Skip to main content

Posts

Showing posts from October, 2017

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 projects.
The business segment with…

Technical Analysis Review: HeveaBoard (5095) 25/10/2017

This counter had recently rallied and closed at a high of RM1.75 on October 23, 2017. What followed in the subsequent days were 2 straight days of profit taking. This was evident by the 2 significant black bodied candles which closed lower until October 25, 2017.
Refer Picture 1 below on the technical chart of HeveaBoard.

Picture 1:HeveaBoard Chart 25/10/2017

For any investor, testing a high 3 times at RM1.75 in 3 months would be an important indicator of a potential change in trend.

Currently, HeveaBoard is trading at an important price "zone" - immediate medium term support level of RM 1.62.

Knowledge sharing
For all support/resistance levels, there is a +/- variance of approximately 1% from the support line indicated. Hence, support at RM 1.62, can be interpreted as support at RM1.61 or RM 1.63.

Can the support zone hold?
Probably, because prices retraced about 50% from its previous rally. Note that the previous rally began in the highlighted RED rectangle - September 2017 - …

Technical Analysis Review: FBMKLCI 21/10/2017

The FBMKLCI has been depressed lately. Looking at the chart below, it makes me feel uneasy.
Charting the FBMKLCI is more for determining the overall market sentiment, and may have no relation to individual stocks.
Picture 1: FBMKLCI - Key Support / Resistance Levels

Market sentiment has been bearish. This is evident by the string of black candles in the past 2 weeks. Sentiment became more bearish as the week progressed as the index made 4 consecutive lower closes towards the end of the week. On Friday, October 20, 2017, the market closed at 1,740.65 - immediate support level.

A brief back ground on the bearish trend
On October 9, once prices failed to rally above resistance at 1,766 - zone of price rejection, prices immediately turned south. Prices broke below key support level of 1,752.

Based on the current trend, the bear trend will most likely resume until it finds support. Currently, the index is trading at its immediate support of 1,742 / 1,741.

Key support levels
If the support le…

Technical Analysis Review: Homeritz Corporation Berhad (5160) 15/10/2017

Just a brief technical analysis review of this company:

Medium Term Trend Analysis:
Chart 1

The trend for this company seems decent. A healthy consolidation pattern with a bullish bias. Forming a base above RM 0.93. And price action has been trending above its 20-day exponential moving average.

Key support areas:
S1: RM 0.940
S2: RM 0.930 (Stop loss)
S3: RM 0.910 (Stop loss)

Key resistance areas:
R1: RM 0.965
R2: RM 0.975
R3: RM 1.000

Momentum indicators:
Both the MACD and the RSI have been holding up fairly well indicating consolidation.

Potential Entry point:
A good entry point (buy) to this counter would be at around the price range on RM 0.93 - RM 0.94.

Potential Exit point:
Suggesting to exit at RM 0.98 and RM 0.99.

Risks:
Low trading volume.
Appreciation of MYR against USD.
External factors.

Short term chart:


If you want to FIND OUT MORE on the FUNDAMENTALS of this company check out my article HERE.

Note: This is not a recommendation to buy or sell this stock by the writer. The writer owns shares in…

Bison Charging Ahead !

Bison Consolidated Berhad (5275) is a dynamic convenience store company listed on the Kuala Lumpur Stock Exchange (KLSE). It has grown many folds since it first opened its myNEWS.com store in 1996. 11 years later, it has opened about 300 stores in Malaysia. In 2012, Bison entered into a joint venture with WH Smith Travel Limited to operate WH Smith news, books, travel and convenience stores in Malaysia. My first impression about the convenience store business was that this is a saturated market – apparently NOT. The thought of many convenience stores come to mind – 7 Eleven, 99 Speed Mart, KK Super Mart, NZ Magazine Centre, Family Mart, K Mart and etc.. All of the stores aforementioned compete within the convenience retail segment.

Picture 1: myNEWS.com in Bangsar LRT Station


Picture 2: myNEWS.com in Masjid Jamek LRT Station

Since its listing on the KLSE, the share price has surged almost 100% from RM1.10 to RM2.38 in one and a half years. The surge was mainly driven by the growth story…