The outlook for Muhibbah Engineering (M) Bhd is bright if it could collect its receivables from Asian Petroleum Hub (APB), otherwise provisions would have to be made.
In a research note released here today, Kenanga Research said APB remained a concern given that more than RM200 million receivables were from the project.
Kenanga said it has lowered its financial years 2010 and 2011 net profit by 17 per cent and 11 per cent to RM46 million and RM52.1 million respectively factoring in slower recognition of profit from the APB project. - Bernama
Showing posts with label MUHIBBAH. Show all posts
Showing posts with label MUHIBBAH. Show all posts
Friday, September 3, 2010
Thursday, April 8, 2010
Stock to Watch - Thu, 08 April 2010
* Muhibbah Engineering (RM1.11, BUY) – Turning for the better.
* Boustead Holdings (RM3.74, BUY) – Broke out of its trading band.
* Genting (RM6.43, SELL) – Strong resistance ahead.
______________________________________________________________________
1. Muhibbah Engineering (RM1.11, BUY)
_____________________________________________________________________
2. Boustead Holdings (RM3.74, BUY)
_____________________________________________________________________
3. Genting (RM6.43, SELL)
* Boustead Holdings (RM3.74, BUY) – Broke out of its trading band.
* Genting (RM6.43, SELL) – Strong resistance ahead.
______________________________________________________________________
1. Muhibbah Engineering (RM1.11, BUY)
_____________________________________________________________________
2. Boustead Holdings (RM3.74, BUY)
_____________________________________________________________________
3. Genting (RM6.43, SELL)
Wednesday, April 7, 2010
Case Studies [TA] [Muhibah] [Uemland].
All uptrend started with a technical rebound and followed by a higher-low, and confirm with an increased of volume, these are the most ideal criteria of a healthy uptrend. Other than finding a right stock, finding an ideal entry point is crucial. Let's take a look at some case studies.
TA: Technical Rebound.
Chart 1: TA, from 2/10/2009 to 25/03/2010.
As indicated by chart 1, price of TA rebound from the RM0.66 support, after consolidating above the RM0.66 level for more than a month. As indicated by A, price of TA rebounded again and this time, with volume increasing, as indicated by B. First target of the rebound is at RM0.70, and the increased of volume suggests some increased of inflow of fresh capital to off set some selling pressure.
If price should also break above the RM0.70 level, with volume remains strong, the 14, 21, 31 EMA would, by then, by serving as the dynamic support, as well as the trailing stop reference, and the next resistance is at RM0.78 level. Technically, provided that price is still supported by the 14, 21, 31 EMA, the uptrend remains intact, and it would be a good idea to hold on to the stocks until price should break below the 14, 21, 31 EMA.
On the other hand, if price should failed to break above the RM0.70 level, and started retreat again, and once it should break below RM0.66, it would be making a new low, suggesting that it could be forming a downtrend again, thus a signal to cut loss.
Table 1: TA, yearly dividend, dividend yield, and net profit ratio.
Muhibah: Technical rebound.
Chart 2: Muhibah, from 23/11/2009 to 24/03/2010.
As shown on chart 2, price of Muhibah rebounded from the RM0.91 support after consolidating above the RM0.91 level for quite some time. As indicated by A, price of Muhibah is testing the 14, 21, 31 EMA again.
With volume gradually increasing, it suggests that the buying interest is getting stronger, despite the rebound is not obvious yet. Therefore, if price should start rally, we shall monitor if it should form a higher-low, which is the characteristic of an ideal uptrend. Generally, if price should break above the 14, 21, 31 EMA, the 14, 21, 31 EMA would be serving as the dynamic support as well as the trailing stop reference. Then, the next resistance are found at RM1.09 followed by the RM1.20 WinChart Automatic Fibonacci Retracement.
In contrary, if price should failed to break above the 14, 21, 31 EMA, but instead, breaking below the RM0.91 level, it would be making a new low, thus suggesting the downtrend would resume, and it would be a signal to cut loss for the next support are found at RM0.77 followed by RM0.645.
Table 2: Muhibah yearly dividend, dividend yield, and net profit ratio.
Uemland UEM: Positive biased movement.
Chart 3: Uemland, from 23/11/2009 to 24/03/2010.
As shown on chart 3, price of UEMland formed a Symmetrical Triangle with L1 being the dynamic resistance line and the L2 being the dynamic support line. As price consolidates within the Symmetrical Triangle, the fluctuation of price is gradually reducing, which is the characteristic of a Triangle. Meanwhile, other than showing a consolidation signal, the Triangle also imply a break out timing, it is when price is near the tip of the Triangle.
As indicated by A, price of UEMLand is now testing the L1 dynamic resistance line, and if price should break above this line, with substantial volume, it would be a bullish break, then the 14, 21, 31 EMA shall serve as the dynamic support as well as the Trailing Stop reference.
On the other hand, if price should retreated after testing the L1 line, and later breaking below the L2 line, it would be a bearish break out, thus a signal suggesting to cut loss. Other than the L1 and L2 line, support for UEMLand is at RM1.38 while the resistance is at RM 1.50.
Table 3: Uemland, yearly dividend, dividend yield, and net profit ratio.
Conclusion:
Technically, all uptrend started with a technical rebound, but a wise trader should know that a technical rebound is only a very beginning, thus an uptrend is not yet forming. Therefore, after a rebound, the next feature we should look for is the forming of a higher-low, and confirm with volume, and most of all, with a sound trading plan. This is what makes a professional trader difference from an average trader.
Copyright © 2009 Straits Index (M) Sdn BhdImportant Disclaimer:These content provided by Straits Index (M) Sdn Bhd is solely for education and information purposes only, and do not suggest any investment advices. All information displayed are believed to be accurate and reliable. Interpretation of the data or analysis is at the reader's own risk. Straits Index (M) Sdn Bhd reserves the rights but obligations to update, admen, or even terminate the materials. 重要声明:以上的内容由海峡指数(马)私人有限公司提供,纯粹是教育性质, 并不是任何的投资忠告。所有资料显示认为是准确和可靠的。对数据或分析的解释和用途是在于用户自己的风险。海峡指数(马)有限公司持有保留及义务更新,甚 至终止材料的权利。
TA: Technical Rebound.
Chart 1: TA, from 2/10/2009 to 25/03/2010.
As indicated by chart 1, price of TA rebound from the RM0.66 support, after consolidating above the RM0.66 level for more than a month. As indicated by A, price of TA rebounded again and this time, with volume increasing, as indicated by B. First target of the rebound is at RM0.70, and the increased of volume suggests some increased of inflow of fresh capital to off set some selling pressure.
If price should also break above the RM0.70 level, with volume remains strong, the 14, 21, 31 EMA would, by then, by serving as the dynamic support, as well as the trailing stop reference, and the next resistance is at RM0.78 level. Technically, provided that price is still supported by the 14, 21, 31 EMA, the uptrend remains intact, and it would be a good idea to hold on to the stocks until price should break below the 14, 21, 31 EMA.
On the other hand, if price should failed to break above the RM0.70 level, and started retreat again, and once it should break below RM0.66, it would be making a new low, suggesting that it could be forming a downtrend again, thus a signal to cut loss.
| 4 Q Rolling PER | 12.62 times | Dividend Yield | 0% |
| Dividend | Dividend Yield | Net Profit Ratio | |
| 31/01/2010 | 0 sen | 0% | 20.89% |
| 31/01/2009 | 4.50 sen | 7.32% | 16.94% |
| 31/01/2008 | 10 sen | 7.94% | 41.33% |
| 31/01/2007 | 7 sen | 7.95% | 36.94% |
| 31/01/2006 | 3 sen | 6.34% | 25.54% |
Muhibah: Technical rebound.
Chart 2: Muhibah, from 23/11/2009 to 24/03/2010.
As shown on chart 2, price of Muhibah rebounded from the RM0.91 support after consolidating above the RM0.91 level for quite some time. As indicated by A, price of Muhibah is testing the 14, 21, 31 EMA again.
With volume gradually increasing, it suggests that the buying interest is getting stronger, despite the rebound is not obvious yet. Therefore, if price should start rally, we shall monitor if it should form a higher-low, which is the characteristic of an ideal uptrend. Generally, if price should break above the 14, 21, 31 EMA, the 14, 21, 31 EMA would be serving as the dynamic support as well as the trailing stop reference. Then, the next resistance are found at RM1.09 followed by the RM1.20 WinChart Automatic Fibonacci Retracement.
In contrary, if price should failed to break above the 14, 21, 31 EMA, but instead, breaking below the RM0.91 level, it would be making a new low, thus suggesting the downtrend would resume, and it would be a signal to cut loss for the next support are found at RM0.77 followed by RM0.645.
| 4 Q Rolling PER | 25.68 times | Dividend Yield | 2.66% |
| Dividend | Dividend Yield | Net Profit Ratio | |
| 31/12/2009 | 2.5 sen | 2.72% | 0.64% |
| 31/12/2008 | 2.5 sen | 2.53% | 1.02% |
| 31/12/2007 | 4.5 sen | 1.20% | 4.94% |
| 31/12/2006 | 7.5 sen | 2.88% | 3.06% |
| 31/12/2005 | 4 sen | 5.76% | 2.68% |
Uemland UEM: Positive biased movement.
Chart 3: Uemland, from 23/11/2009 to 24/03/2010.
As shown on chart 3, price of UEMland formed a Symmetrical Triangle with L1 being the dynamic resistance line and the L2 being the dynamic support line. As price consolidates within the Symmetrical Triangle, the fluctuation of price is gradually reducing, which is the characteristic of a Triangle. Meanwhile, other than showing a consolidation signal, the Triangle also imply a break out timing, it is when price is near the tip of the Triangle.
As indicated by A, price of UEMLand is now testing the L1 dynamic resistance line, and if price should break above this line, with substantial volume, it would be a bullish break, then the 14, 21, 31 EMA shall serve as the dynamic support as well as the Trailing Stop reference.
On the other hand, if price should retreated after testing the L1 line, and later breaking below the L2 line, it would be a bearish break out, thus a signal suggesting to cut loss. Other than the L1 and L2 line, support for UEMLand is at RM1.38 while the resistance is at RM 1.50.
| 4 Q Rolling PER | 31.14 times | Dividend Yield | 0% |
| Dividend | Dividend Yield | Net Profit Ratio | |
| 31/12/2009 | 0 sen | 0% | 28.44% |
| 31/12/2008 | 0 sen | 0% | 14.50% |
Conclusion:
Technically, all uptrend started with a technical rebound, but a wise trader should know that a technical rebound is only a very beginning, thus an uptrend is not yet forming. Therefore, after a rebound, the next feature we should look for is the forming of a higher-low, and confirm with volume, and most of all, with a sound trading plan. This is what makes a professional trader difference from an average trader.
Copyright © 2009 Straits Index (M) Sdn BhdImportant Disclaimer:These content provided by Straits Index (M) Sdn Bhd is solely for education and information purposes only, and do not suggest any investment advices. All information displayed are believed to be accurate and reliable. Interpretation of the data or analysis is at the reader's own risk. Straits Index (M) Sdn Bhd reserves the rights but obligations to update, admen, or even terminate the materials. 重要声明:以上的内容由海峡指数(马)私人有限公司提供,纯粹是教育性质, 并不是任何的投资忠告。所有资料显示认为是准确和可靠的。对数据或分析的解释和用途是在于用户自己的风险。海峡指数(马)有限公司持有保留及义务更新,甚 至终止材料的权利。
Muhibah may have a bullish breakout
Muhibah had been dropping since it touched a high of RM1.67 on June 12, 2009. It has now broken above the downtrend line at RM1.05. It has also broken above the horizontal line resistance at RM1.07-8. Its next resistance is at RM1.20 & thereafter at RM1.25 & RM1.35-40.
Chart: Muhibah's daily chart as at Apr 7, 2010_3.05pm(Source: Quickcharts)
Based on the bullish breakout, Muhibah could be a trading BUY.
Chart: Muhibah's daily chart as at Apr 7, 2010_3.05pm(Source: Quickcharts)
Based on the bullish breakout, Muhibah could be a trading BUY.
Wednesday, January 6, 2010
Broker's Call - Wed, 06 January 2010
Broker's Call - Wed, 06 January 2010: ".
– Gamuda (GAM MK; RM2.90, BUY) – Momentum is picking up.
– Muhibbah Engineering (MUHI MK; RM1.12, BUY) – Broke out of its downtrend channel.
– Sunway Holdings (SGW MK; RM1.35, BUY) – Penetrating resistance channel.
______________________________________________________________________
Gamuda (GAM MK; RM2.90) – BUY
FY10P/E: 18.1x, P/BV: 1.8x
• Gamuda underwent a consolidation phase over the past few months. However, sentiment has changed at the beginning of 2010 and the bulls have since taken over.
• The candles swung past its 30-day SMA and are now charging towards the 50-day SMA. The breakout is positive as it would likely lift prices towards the RM3.03 resistance, and possibly even the Nov’s high of RM3.21.
• Any pullback towards the 30-day SMA is an opportunity to buy. Keeps stop tight at its 30-day SMA (at RM2.76) or the lower end of the triangle support (at RM2.57) depending on one’s risk appetite.
Gamuda is an investment holding and civil engineering construction company. Through its subsidiaries, the Company provides earthwork construction, manufactures and supplies road surfacing materials, and operates quarry and road laying projects. Gamuda also has operation in hiring and rental of plant and machinery, develops properties, and manufactures and sells paper.
______________________________________________________________________
Muhibbah Engineering (MUHI MK; RM1.12) – BUY
FY10P/E: 6.1x, P/BV: 1.0x
• Muhibbah broke out of its downtrend channel as well as its key SMAs this week, indicating more upside ahead. There is a cluster of resistances near RM1.19-RM1.24 while further breakout would push the stock towards RM1.35 next.
• MACD has staged a positive crossover while its histograms are also rising. Meanwhile, RSI is a tad below the 70 overbought level.
• Risk takers may start to nibble now but always keeps stop tight at RM1.08. Any violation below this resistance-turned-support trend line would be bearish.
Muhibbah Engineering (M) is an investment holding company which provides civil, marine, and structural engineering contract works. Through its subsidiaries, the Company also manufactures engineering products and distributes and markets construction materials. Muhibbah also repairs and builds ship, produces and leases cranes, trades computer hardware, and invests in properties.
______________________________________________________________________
Sunway Holdings (SGW MK; RM1.35) – BUY
FY10P/E: 7.4x, P/BV: 1.0x
• Sunway Holdings also bounced off strongly from its recent lows of RM1.16 to cut above its key SMAs. It is now gathering strength to test the downtrend channel resistance. If prices can swing and stay above RM1.37, the nearterm outlook is promising.
• MACD is about to turn positive while its RSI is climbing towards the upper band of the neutral zone. These are signs of potential upside for the stock.
• Traders should wait for a breakout before jumping onto the buying bandwagon. Once the RM1.37 level is taken out, next resistance is at RM1.41, followed by RM1.48 next. Place a stop at RM1.27 (also its 30-day SMA) to prevent bull traps.
Sunway Holdings is an investment holding company. Through its subsidiaries, the Company has operation in constructing civil and building works and contracting in mechanical, electrical, and piling works. The Company also develops and invests properties, provides financial services, manufactures vitrified clay pipes and concrete products, and trades building materials.
"
– Gamuda (GAM MK; RM2.90, BUY) – Momentum is picking up.
– Muhibbah Engineering (MUHI MK; RM1.12, BUY) – Broke out of its downtrend channel.
– Sunway Holdings (SGW MK; RM1.35, BUY) – Penetrating resistance channel.
______________________________________________________________________
Gamuda (GAM MK; RM2.90) – BUY
FY10P/E: 18.1x, P/BV: 1.8x
• Gamuda underwent a consolidation phase over the past few months. However, sentiment has changed at the beginning of 2010 and the bulls have since taken over.
• The candles swung past its 30-day SMA and are now charging towards the 50-day SMA. The breakout is positive as it would likely lift prices towards the RM3.03 resistance, and possibly even the Nov’s high of RM3.21.
• Any pullback towards the 30-day SMA is an opportunity to buy. Keeps stop tight at its 30-day SMA (at RM2.76) or the lower end of the triangle support (at RM2.57) depending on one’s risk appetite.
Gamuda is an investment holding and civil engineering construction company. Through its subsidiaries, the Company provides earthwork construction, manufactures and supplies road surfacing materials, and operates quarry and road laying projects. Gamuda also has operation in hiring and rental of plant and machinery, develops properties, and manufactures and sells paper.
______________________________________________________________________
Muhibbah Engineering (MUHI MK; RM1.12) – BUY
FY10P/E: 6.1x, P/BV: 1.0x
• Muhibbah broke out of its downtrend channel as well as its key SMAs this week, indicating more upside ahead. There is a cluster of resistances near RM1.19-RM1.24 while further breakout would push the stock towards RM1.35 next.
• MACD has staged a positive crossover while its histograms are also rising. Meanwhile, RSI is a tad below the 70 overbought level.
• Risk takers may start to nibble now but always keeps stop tight at RM1.08. Any violation below this resistance-turned-support trend line would be bearish.
Muhibbah Engineering (M) is an investment holding company which provides civil, marine, and structural engineering contract works. Through its subsidiaries, the Company also manufactures engineering products and distributes and markets construction materials. Muhibbah also repairs and builds ship, produces and leases cranes, trades computer hardware, and invests in properties.
______________________________________________________________________
Sunway Holdings (SGW MK; RM1.35) – BUY
FY10P/E: 7.4x, P/BV: 1.0x
• Sunway Holdings also bounced off strongly from its recent lows of RM1.16 to cut above its key SMAs. It is now gathering strength to test the downtrend channel resistance. If prices can swing and stay above RM1.37, the nearterm outlook is promising.
• MACD is about to turn positive while its RSI is climbing towards the upper band of the neutral zone. These are signs of potential upside for the stock.
• Traders should wait for a breakout before jumping onto the buying bandwagon. Once the RM1.37 level is taken out, next resistance is at RM1.41, followed by RM1.48 next. Place a stop at RM1.27 (also its 30-day SMA) to prevent bull traps.
Sunway Holdings is an investment holding company. Through its subsidiaries, the Company has operation in constructing civil and building works and contracting in mechanical, electrical, and piling works. The Company also develops and invests properties, provides financial services, manufactures vitrified clay pipes and concrete products, and trades building materials.
Thursday, December 3, 2009
Broker's Call - Wed, 02 Dec 2009
Broker's Call - Wed, 02 Dec 2009: ".
– Muhibbah Engineering (MUHI MK; RM1.00, SELL) – Sell into strength.
– KNM Group (KNMG MK; RM0.71, BUY) – Buyers may surface near support trend line.
– KPJ Healthcare (KPJ MK; RM5.13, BUY) – More room to the upside.
_________________________________________________________________________
Muhibbah Engineering (MUHI MK; RM1.00) – SELL
FY10P/E: 5.4x, P/BV: 0.9x
• Since the uptrend reversed in June, the stock has been making lower lows pattern over the past few months. Despite all these consolidation movements, it has yet to show any signs of bottoming.
• The technical landscape is a reflection of the price pattern. MACD stays in the red while RSI also dips into the negative territory. The formation of another black candle today is likely drift the stock towards the RM0.92 support trend line.
• Although technical rebound is likely to take place, we would stay on the sidelines until we see a more persistent based-building trend. Any bounce towards the RM1.03-RM1.08 resistances is an opportunity to take profits.
Muhibbah Engineering is an investment holding company which provides civil, marine, and structural engineering contract works. Through its subsidiaries, it also manufactures engineering products and distributes and markets construction materials. Muhibbah also repairs and builds ship, produces and leases cranes, trades computer hardware, and invests in properties.
_______________________________________________________________________
KNM Group (KNMG MK; RM0.71) – BUY
FY10P/E: 8.9x, P/BV: 1.4x
• Over the medium-term, KNM is trapped in a descending triangle pattern. However, daily chart suggests that buyers may surface near the RM0.69 support trend line, and may offer opportunities to make some quick buck.
• Although technical landscape is still weak, we may see some technical rebound taking place soon. As long as RM0.69 support holds firm, we see limited downside risk in the near-term.
• Traders with greater risk appetite may start to nibble now and ride the potential recovery phase. However, a stop loss at RM0.68 is a must. Resistance is at RM0.745 and RM0.81.
KNM Group Berhad is an investment holding company. Through its subsidiaries, the company designs, manufactures, and maintains process equipment, pressure vessels, heat exchangers, skid mounted assemblies, process pipe systems, storage tanks, specialized structural assemblies and module assemblies for the oil, gas and petrochemical industries.
______________________________________________________________________
KPJ Healthcare (KPJ MK; RM5.13) – BUY
FY10P/E: 10.2x, P/BV: 1.8x
• KPJ is making a based-building formation over the past few days after its recent breakout. Once this sideways consolidation ends, we may see further upward swing. Next resistance is seen at RM5.35 and RM5.45.
• Bearish divergence on its MACD shows that follow through momentum is fading. However, as long as prices hold firm above the key SMAs, we see no reason to panic.
• Any technical pullback towards the RM4.90 resistance-turned-support line or the 30-day SMA is a chance to buy. Keeps stop tight near the 50-day SMA. Buy on weakness.
KPJ Healthcare Berhad is an investment holding company. Through its subsidiaries, the company operates specialist medical centers and also provides pathology and laboratory services, hospital management services, drug and medical distribution along with operating a nursing college.
"
– Muhibbah Engineering (MUHI MK; RM1.00, SELL) – Sell into strength.
– KNM Group (KNMG MK; RM0.71, BUY) – Buyers may surface near support trend line.
– KPJ Healthcare (KPJ MK; RM5.13, BUY) – More room to the upside.
_________________________________________________________________________
Muhibbah Engineering (MUHI MK; RM1.00) – SELL
FY10P/E: 5.4x, P/BV: 0.9x
• Since the uptrend reversed in June, the stock has been making lower lows pattern over the past few months. Despite all these consolidation movements, it has yet to show any signs of bottoming.
• The technical landscape is a reflection of the price pattern. MACD stays in the red while RSI also dips into the negative territory. The formation of another black candle today is likely drift the stock towards the RM0.92 support trend line.
• Although technical rebound is likely to take place, we would stay on the sidelines until we see a more persistent based-building trend. Any bounce towards the RM1.03-RM1.08 resistances is an opportunity to take profits.
Muhibbah Engineering is an investment holding company which provides civil, marine, and structural engineering contract works. Through its subsidiaries, it also manufactures engineering products and distributes and markets construction materials. Muhibbah also repairs and builds ship, produces and leases cranes, trades computer hardware, and invests in properties.
_______________________________________________________________________
KNM Group (KNMG MK; RM0.71) – BUY
FY10P/E: 8.9x, P/BV: 1.4x
• Over the medium-term, KNM is trapped in a descending triangle pattern. However, daily chart suggests that buyers may surface near the RM0.69 support trend line, and may offer opportunities to make some quick buck.
• Although technical landscape is still weak, we may see some technical rebound taking place soon. As long as RM0.69 support holds firm, we see limited downside risk in the near-term.
• Traders with greater risk appetite may start to nibble now and ride the potential recovery phase. However, a stop loss at RM0.68 is a must. Resistance is at RM0.745 and RM0.81.
KNM Group Berhad is an investment holding company. Through its subsidiaries, the company designs, manufactures, and maintains process equipment, pressure vessels, heat exchangers, skid mounted assemblies, process pipe systems, storage tanks, specialized structural assemblies and module assemblies for the oil, gas and petrochemical industries.
______________________________________________________________________
KPJ Healthcare (KPJ MK; RM5.13) – BUY
FY10P/E: 10.2x, P/BV: 1.8x
• KPJ is making a based-building formation over the past few days after its recent breakout. Once this sideways consolidation ends, we may see further upward swing. Next resistance is seen at RM5.35 and RM5.45.
• Bearish divergence on its MACD shows that follow through momentum is fading. However, as long as prices hold firm above the key SMAs, we see no reason to panic.
• Any technical pullback towards the RM4.90 resistance-turned-support line or the 30-day SMA is a chance to buy. Keeps stop tight near the 50-day SMA. Buy on weakness.
KPJ Healthcare Berhad is an investment holding company. Through its subsidiaries, the company operates specialist medical centers and also provides pathology and laboratory services, hospital management services, drug and medical distribution along with operating a nursing college.
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