As usual everyone know our bursa very well, pull up one day down a few days. However, the momentum is still there. Almost 500 counters is down today. We still manage to catch a few lovely stocks today with big returns.
NOTION 0.59 to 0.67 highest. we are so happy with this as this happen in one day trading. How you achieve it with 10% return in a day?
PTB from 0.28 to 0.315 at least 13% return for this within 2days. You know our stocks well right. we told you when is not moving.
MJPERAK from 0.34 to 0.355. still pending to breakout from 0.36 level just monitor closely this. our TP 0.40 for this.
SALCON finally from 0.44 previously last week we told you today hit 0.47 highest.
LEESK our daily pick manage to perform too. from 0.35 to 0.38 level.
SSTEEL from 2.00 to 2.17 highest. our TP 2.20. once again congratulation to those who believed in us.
Today we are introducing another lovely oversold stocks with good future prospect. KTC we told at 0.18 level red. closed at neutral 0.185 with good volume entering.
KTC company background
KTC is one of the largest Consumer Package Goods ( CPG ) distributors in East Malaysia with 6419 sales and distribution points covering over 80 districts. KTC's core business focuses on providing market access and coverage of CPG including F&B products, personal care products, household products, baby care products, OTC drugs and health supplements.
Fundamental Analysis
As you can see the GROUP is putting effort on expanding their business infrastructure capacities. The Board of Directors of KTC is also confident with their performance for financial year ending 30 June 2018. With NTA 0.32 almost 50% discounted at current price. Our FA target price is match with our TA target price that is 0.23 for the first stage. In long term growth, there are analyst are positive with it too. We also can see that latest acquire on Grandtop Marketing Sdn Bhd slowly contribute to the group too.
Links: http://www.theborneopost.com/2017/04/17/expanding-beyond-east-malaysia-analysts-bullish-about-ktcs-long-term-growth/
From the news, we can see the group is confident to bring double digit growth revenue growth this year. They also mentioned that KTC is currently in talks with five to six notable third-party CPG brands in SABAH, SARAWAK and Brunei which may come onstream in the current financial year ending June 30, 2018 (FY18).
Links: http://www.theedgemarkets.com/article/kim-teck-cheong-consolidated-realise-its-investments-fy19
Technical Analysis
Oversold counter and it posted a turnaround from making loss to profit result. Selling is almost done for this counter as it dropped from peak 0.30 to 0.18 level. For those TA guys will tell you downtrending however we are different from it. This is the starting of new trend if it breakout from 0.20 level tomorrow with strong volume. TP 0.23 first stage if breakout from 0.20. After that we will update you again on our channel. Volume entered last minutes today in KTC. Trade at your own risk and enjoy with us guys. KTC investment or short term is still a good choice compare many in the market. They will only tell you when the price is moved. We love to spot those quiet and oversold potential counter. Please check out our performance on our channel. thank you everyone for supporting us.
Stock Alliance
The information contained in this channel is for general information purposes only. Any reliance you place on such information is therefore strictly at your own risk.
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