TEKSENG (7200) - Stock Watch: TEKSENG, TEKSENG-WA


TEKSENG (7200) - Stock Watch: TEKSENG, TEKSENG-WA

(Disclaimer: This is not a buy or sell call. Stock watch only serves as updates on selected stocks)

  • TEKSENG
            Technically, TEKSENG has tried to break up its all-time high last Friday with volume. Fundamentally, TEKSENG has released its QR last Friday with eps of 4.89sen. An annualized eps would bring its FY16 eps to 20sen which gives a potential TP of RM2.00 with 10x PE. Based on the chart, MACD and RSI are in healthy zone which suggests a high possibility for a gap up to take place on Monday, followed by a 2-3 days continuous rally. Readers are advised to monitor TEKESNG price movement these few days. Potential entry can be found between RM1.38~RM1.40 with immediate support at RM1.38.
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  • TEKSENG-WA
For readers with higher risk appetite, TEKSENG-WA may provide higher percentage gain, following the good QR by TEKSENG. Readers are advised to monitor TEKSENG-WA price movement. Potential entry can be found between RM1.10~RM1.40 with immediate support at RM1.06.
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TEKSENG (7200) - Stock Watch: TEKSENG, TEKSENG-WA
http://www.investforlife.com.my/stock-watch-tekseng-tekseng-wa/