KUALA LUMPUR 21 Sept. - Share prices closed higher as August inflation data gave rise to hopes that the central bank will again keep its key rate unchanged at its policy meeting next week.
The government announced after market close yesterday that consumer price index (CPI) rose 3.3 pct year-on-year in August, slowing from a growth of 4.1 pct in July. The Kuala Lumpur Composite Index (KLCI) closed up 6.46 points or 0.67 pct at 966.08.
Our views on NEXNEWS & KLCCP still hold as per yesterday. As for today the "CHAP AYAM BOARD OF DIRECTORS" selected the following counters:
For 21/9/2006 the closing price was 0.41.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.49.
The projected lower bound is: 0.33.
STOP LOSS: 0.33
Business Activity
MFR & MKTG OF TIMBER & TIMBER RELATED PRODUCTS; HARVESTING & MKTG OF PLANTATION TIMBER; PLANTATION TIMBER AND RELATED PRODUCTS.
Recent News:
MANGIUM UNIT REPORTS DEFAULT - 18 Sept2006
MANGIUM - AUG 2006 LOGS/TIMBER PRODUCTION - 14 Sept 2006
MANGIUM - JUL 2006 LOGS/TIMBER PRODUCTION - 24 Augt 2006
MANGIUM - JULY 2006 DEBT DEFAULT - 24 Aug 2006
MANGIUM - JUN 2006 TIMBER/LOGS PRODUCTION - 25 Jul 2006
MANGIUM INDUSTRIES JUN 2006 DEBT DEFAULT - 25 Jul 2006
CHEETAH (7209)
Better bet around 0.54 to 0.55
For 21/9/2006 the closing price was 0.575.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.60.
The projected lower bound is: 0.55.
STOP LOSS: 0.51
Business Activity
PRODUCT DESIGNING PRODUCT DEVELOPEMNT MKTG AND RETAILING OF SPORTS APPAREL AND ACCESS & CASUAL WEAR UNDER OWN BRAND NAME
POSHLDG (4634)
Strong Uptrend - Better bet less then 4.84
For 31/9/2006 the closing price was 4.86.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 5.04.
The projected lower bound is: 4.70.
STOP LOSS: Below 4.70
Business Activity
PROPERTY MGMT POSTAL AND ITS RELATED SERVICES PTG & INSERTION OF DOCUMENTS FOR MAILING
Recent News:
POS TO SELL PRE-PAID MOBILE PHONE RELOADS - 11 Aug 2006
POS COMPLIES WITH PUBLIC SPREAD - 17 Jul 2006
TRANSMILE DENIES TRUTH OF THE EDGE ARTICLE - 21 Jun 2006
POS EXPLAINS FYE DEC2005 RECORD BREAKING RESULTS - 14 Jun 2006
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