Technical Stock To Watch on 9/11/2015 – UCHITECH (7100), UEMS (5148), ASIAPLY (0105), AEMULUS (0181), YOCB (5159), SCGM (7247) & SUPERMX (7106)

Refer back to the blog written on 2/11; http://fatta888.blogspot.my/2015/11/technical-stock-to-watch-on 2112015.html, UCHITECH (7066) should trade above the resistance line of MYR1.63 in last week and it does broke this level on 2/11 (the next day after the blog has updated) and closed higher @ MYR1.73 with day high was MYR1.74.

                                                                                   UCHITECH Daily Chart

However, profit taking activity was seen after a one day rally since then until it was well supported by the lasttime resistance of MYR1.63 and rebounded. UCHITECH continued its bulliness and closed higher again with huge surged in traded volume (1 good bar with 1 good volume) on the next trading day after the breather. 

Foresee UCHITECH should trade any price above the key support of MYR1.63 in short to medium term and could try to trade new high by breaking the historical high of MYR1.63.

UEMS (5148) was traded above the resistance level of MYR1.30 since 4/11/2015 and clsoed higher during the session ended since then.

                                                                                         UEMS Daily Chart

In addition, Bollinger Band opened wider after the market closed on 6/11. 

Foresee UEMS will continue its uptrending in the next trading days and resistance of MYR1.40 could easily breaks off should the Valuecap starts its mission to invest those undervalued counters and UEMS might is one of them as it is a GLC counter.

ASIAPLY (0105) once tested the strong resistance of MYR0.720 but failed to do so by continuously 3x since 28/10/2015 and it tried to test this level again on 6/11 but this time with surging in traded volume and well supported by 10-days Moving Average and uptrend line and closed nicely at that level during the session ended. 

                                                                                          ASIAPLY Daily Chart

Foresee ASIAPLY would break the strong resistance in the next trading days and it should test the historical high of MYR0.785 if it does so.

AEMULUS (0181) brokeout the resistance of MYR0.545 on 3/11 after the breather and consolidation quite some time and profit taking took place after then.

                                                                                     AEMULUS Daily Chart

Foresee AEMULUS should trade higher and try to test and break the historical high of MYR0.60 in the next trading days.

Profit takes on YOCB (5159) was seen after the broke thru the down trend line or consolidation period and closed above the physcological level of MYR1.00 on 2/11/2015.  

                                                                                      YOCB Daily Chart

However, it tested again the physcological level of MYR1.00 on 6/11/2015 after rebounded from 10-days Moving Average with improved in traded volume but failed and closed @ MYR0.995.

Foresee YOCB should trade above MYR1.00 in the next trading days and the immediate and subsequent target to look @ is MYR1.08 and MYR1.14, respectively.  

SCGM (7247) made new high again after breaking the historical high of MYR2.78 with improved volume and Bollinger Band opened wider  on 6/11/2015. 

                                                                                    SCGM Daily Chart

Foresee SCGM will move higher and make new high in the next trading days.

Another stock with brokeout and made new high is WELLCAL (7231).

SUPERMX (7106) broke the consolidation period with increased in traded volume and closed higher after profit taking took place since 22/10/2015 prior to surging in price and volume on 21/10/2015.

                                                                                   SUPERMX Daily Chart

Foresee SUPERMX should try to test the immediate resistance @ MYR2.42 in the next trading days.

A gentle cautious to all: Due to US dollars spike up to new high causing Ringgit depreciated again and crude oil drops to USD44.xx per barrel but because of ValueCap effect and our nation international reserve increased to USD94 billion, foresee our local market will be very volatile this coming days. So, be cautious when you decided to go in the market.

Good luck & Happy Trading!

Disclaimer:

All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.

 

You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/provided by members/followers of this blog do not belong to the Admin and we take no responsibility of such.

SCGM - when you expect more

SCGM (7247)

SCGM was established in 1984 through its wholly-owned subsidiary, Lee Soon Seng Plastic Industry Sdn Bhd, & is Malaysia’s leading thermo-vacuum form plastic packaging manufacturer. 

SCGM provides end-to-end production from extrusion to packaging & delivery to its customers in Malaysia & overseas. The Group has more than 60 well-known brands in its portfolio from various sectors including food, medical, electronics & others. The Group has strong in-house design capabilities to customise packaging according to customers’ requirements and has produced more than 5,000 moulds across various product categories. The Group owns the “Benxon”, “TempScan”, “TempScan Cover”, and “Kingtex” brands; with about 52 mould designs registered under the Intellectual Property (IP) Office of Singapore and 62 mould designs registered under IP Corporation of Malaysia.

SCGM has a wide distribution network of 30 distributors and exports to 20 countries.

• New Plastic Cup business to add RM15.1m in FY16 revenue. assuming the plant runs at full capacity for 9 months and it is able to produce c.1.1 million cups per day since production began in mid-July. As at 1Q16, management has recognised RM439k sales from this new business, targeting local & international markets (i.e. Singapore, Indonesia, Myanmar, Pakistan, Philippines). 

Sales pick up due to:-

(i) pricing is predatory, 

(ii) its cup quality is superior (i.e. more durable than existing brands). 

SCGM may purchase another plastic cup machine in FY16 (RM7m) should demand pick up.

• 1Q16 earnings were up by 38% YoY to RM4.9m mainly from overall stronger sales:-  

(i) on forex gains from USD & SGD sales, 

(ii) Hari Raya sales during the quarter, 

(iii) higher export sales from six new international customers from Japan, Indonesia & India

(iv) a small contribution from the new plastic cup business. EBIT margins improved by 3.3ppt to 20.3% on lower resin & transportation costs since oil prices declined in Nov-14. 

All in, net profit margins also improved further by 3.5ppt to 16.5% from better topline growth on forex gains, and lower input cost.

• SCGM is benefiting from low resin cost due to falling oil prices. The resin is sourced locally which MYR denominated, which gives them an additional edge in costing since most packagers source resin internationally or more from USD denominated suppliers. Although most packaging companies benefit overall from lower resin costs from lower oil prices, SCGM enjoys the additional advantage of having its major material cost-base i.e. resin, in MYR rather than USD, which will enhance its margins. Additionally, the favourable SGD & USD exchange rates are expected to boost export revenue which grew by 12.4% YoY in FY15, & 1Q16 export sales is already 28% of FY15, due to the weaker RM. Evidently, SCGM’s 1Q1 net margins were higher at 16.5%.

• The owner of SCGM holds more than 50% stake in the company via family members & SCGM Lee S/B, which aligns owners’ interest with shareholders as it encourages management to meet or even exceed the Dividend Payout Ratio. SCGM has already declared a 1st interim dividend of 5.0 sen for 1Q16, while dividends are paid out every quarter.

Disclaimer:

All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.

You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/provided by members/followers of this blog do not belong to the Admin and we take no responsibility of such.

Stock To Watch On 6/11/2015: HUPSENG (5024)

HUPSENG (5024) tested the resistance of MYR1.30 on 5/11 but failed to closed above this level, instead closed nicely @ that level during the session ended. However, yesterday traded volume is relatively much higher than other days did and HUPSENG still traded in uptrend and well supported by MA50 & MA100.

                                                                  HUPSENG Daily Chart

Foresee HUPSENG should trades above MYR1.30 level in the next trading days and the immediate resistance would be the historical high of MYR1.40.

Good luck & happy trading!

Disclaimer:

All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.

You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/provided by members/followers of this blog do not belong to the Admin and we take no responsibility of such.

Technical Stock To Watch on 4/11/2015 – YONGTAI (7066), VS (6963), YSPSAH (7178) & CCM (2879)

YONGTAI (7066) is now trading in tide triangle range for a period of time but this counter tested to break the upper triangle line but failed to do so and closed below this line @ MYR0.65.   

YONGTAI Daily Chart

However, Bollinger Band opened wider during the session ended with improved volume (higher than average traded volume).

Foresee YONGTAI could breaks the triangle resistance in the next trading days.

VS (6963) made new high again with higher than average traded volume and closed @ MYR1.59 during the session ended on 3/11.

                                                                                     VS Daily Chart

VS should trading above the support level of MYR1.50 in the next trading days and it should trading further upward as the Bollinger Band opened wider on 3/11.

YSPSAH (7178) was traded hovering within the triangle pattern since 20/8/2015.

                                                                                        YSPSAH Daily Chart

However, YSPSAH able to close slightly above the upper triangle pattern line and nicely closed above the 100-days Moving Average (green solid line) too.

Foresee YSPSAH should trades higher in the next trading days.

CCM (2879) successfully broke the downtrend line and also 200-days Moving Average since 30/10/2015 with higher than average traded volume.

                                                                                           CCM Daily Chart

CCM once again closed higher with also higher than average traded volume on 3/11. 

Foresee CCM would move upward in the next trading days.

Watch out HEXZA (3298) & SCICOM (0099)as well. 

Good luck & Happy Trading!

Disclaimer:

All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.

You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/provided by members/followers of this blog do not belong to the Admin and we take no responsibility of such.

MMSV (0113)

MMS Ventures Berhad was incorporated in Malaysia under the Companies Act, 1965 on 29 March 2004 as a private limited company. MMSV was converted into a public limited company & assumed its present name on 19 Oct 2004.

MMSV was established as the investment holding company of MMSV Group in conjunction with the listing of MMSV on the ACE Mkt. MMSV is involved in the design & manufacture of LED & Semiconductor Industrial Automation Systems & Machinery. Currently, MMSV has 2 subsidiary companies namely Micro Modular System & Evolusys which is involved in the software development.

MMSV based in Penang, is involved in the design & manufacturing of automation solutions for the LED & Semiconductor industries. 

Differentiating itself from the standard test & vision inspection equipment manufacturers, MMSV focuses on LED test and vision inspection solutions that are specifically tailored to meet customers’ various requirements (at least 50% of the LED test and vision inspection equipment in the market required customised equipments). Most of its customers are world-leading LED makers, with the top ten contributing c.80% to its total revenue.

The implementations of new energy standards in several major countries (which have restricted the usage of incandescent lighting) are spurring greater demand for LED lightings. According to LEDinside, the LED lighting market value is anticipated to grow at a 4-year CAGR of 18% through 2018. It is positive trend to bode well for MMSV as nearly 90% of the group’s products are catered for LED applications. 

Meanwhile, looking from the perspective of semiconductor equipment manufacturing, worldwide semiconductor equipment sales are expected to register a decent growth of 15% in 2015 by SEMI, alongside the healthy global semiconductor sales forecasts (of mid-high single digit growth) by both SIA and WSTS, even from a high base in 2014. The growth will be mainly underpinned by the surging demand in Smartphones and Automotive in end applications. As 60% of MMSV’s total revenue is exposed to the LED of Smartphones and Automotive segments by end applications, the group which is positioned in the front-end of semiconductor value chain, is in the sweet spot to ride on the surging wave of these rising trends. the management confident to achieve 20% growth in its FY15E revenue, even from a high base in FY14 (+50%). The growth should be underpinned by surging demand of test systems and machines in Smartphones/Devices segment, which commands fatter margins.

The group is at a zero gearing position with strong net cash of RM15.7m as of Dec 2014. Although no dividend was declared since FY08 until the recent FY14 (total 2.0sens single-tier dividends were declared, representing c.31% of payout ratio), so believe that the group could offer up to 3.0 sen (based on a DPR of c.38%), translating into a dividend yield of 3.8%, based on its FY15E free cash flow projection of RM10.5m.

MMSV is also the net beneficiary from the appreciating USD, as 70% of its revenue is quoted in USD with natural hedging from its raw materials purchases (at c.20% of total costs). Based on its FY14 annual report, every 5pct of appreciation USD vs MYR would translate into RM0.378m increase in its FY14 NP (or +3.6%). Having said that, any unfavourable fluctuations would also equally corrode the group’s profitability.

Conclusion:-

1. revenue growth of 20% mainly driven by higher volume machines sold in Smartphone segment, 
2. EBITDA margin of 28.0% for better product mix.
3. Healthy LEDs demand and equipment spending to spur MMSV’s earnings outlook.
4. Strong balance sheet and healthy cash flow to support its dividend payout in FY2015.
5. Benefiting from strong USD vs MYR trend.

Disclaimer:

All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.

You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/provided by members/followers of this blog do not belong to the Admin and we take no responsibility of such.

Technical Stock To Watch on 3/11/2015 – PPHB (8273), KHEESAN (6203), YOCB (5159) & SIGN(7246)

PPHB (8273) made a higher high again and failed to testing the resistance of MYR0.875 although the traded volume increased significantly during the session ended. 

PPHB Daily Chart

Foresee PPHB could breaks this resistance level as the Bollinger Band has opened wider incorporate with huge trading volume during the next trading days. 

KHEESAN (6203) successfully broke the resistance of MYR0.78 and Fibonacci Retracement level of 61.8% or MYR0.792 with higher than average traded volume on 2/11 during the session ended.

                                                                                KHEESAN Daily Chart

Foresee KHEESAN would continue its bullishness in the next trading days and the immediately resistance would be @ MYR0.855 or 78.6% Fibonacci retracement level and the historical high of MYR0.935.  

YOCB (5159) finally broke the physcological level of MYR1.00 after trading in sideway range in a period of time with huge surging in traded volume on 2/11.

                                                                                      YOCB Daily Chart

The surged up of YOCB also well supported by 100-days Moving Average and Bollinger Band also opened wider on that day.

The next target to look at for YOCB is the gap down that formed on 7/8/2015 or MYR1.08 if the breakout is genuine followed by an uptrend. 

SIGN (7246) was traded well supported by 10-days Moving Average and also the downtrend and uptrend lines. 

                                                                                   SIGN Daily Chart

If SIGN is trading above MYR2.70 in the next trading days, foresee it should move further high to close up the gap down formed on 7/8/2015 @ MYR3.07.

Good luck & Happy Trading!

Disclaimer:

All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.

You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/provided by members/followers of this blog do not belong to the Admin and we take no responsibility of such.

Technical Stock To Watch on 2/11/2015 – TGUAN (7034), UCHITECH (7100) & WEIDA(7111)

TGUAN (7034) made a higher high with improved volume on 30/10 during the session ended. 

Refer back to the blog I had written on 25/10/2015 on TGUAN,; http://fatta888.blogspot.my/2015/10/technical-stock-to-watch-on-26102015.html, in which after it had broken the resistance of MYR2.02 and 200-days Moving Average, predicted this counter would moving upward and it does as of 30/10.

                                                                                    TGUAN Daily Chart

The next resistance would be @ MYR2.17, which is a gap down that formed on 2/3/2015 and MYR2.23.

UCHITECH (7100) once closed the gap formed which on 24/7/2015 @ MYR1.63 on 5/10/2015, and moved sideway in a tide range of MYR1.58-1.63 after that. 

                                                                               UCHITECH Daily Chart

However, UCHITECH tested MYR1.63 again on 30/10 with improved volume after broke above the downtrend line during the session ended.

Foresee UCHITECH could breaks the resistance level of MYR1.63 and move higher in the next trading days.

WEIDA (7111) made a higher highs since 6/10 and it formed the 3rd higher high on 30/10 with huge spike up in traded volume, but unfortunately it was not able to break the resistance @ MYR1.78 and closed below that level @ MYR1.77 during the session ended. 

                                                                                        WEIDA Daily Chart

If WEIDA is trading above MYR1.78 in the next trading days, foresee it should move further high to close up the gap down formed on 29/8/2015 @ MYR1.92.

Good luck & Happy Trading!

Disclaimer:

All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.

You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/provided by members/followers of this blog do not belong to the Admin and we take no responsibility of such.