As for today (Tues Sept 19, 2006), the Chap Ayam Indicator's filtered 2 counters. For NEXNEWS, its seem that it has rallied from 0.50 to 0.79 before corrected today. As for KLCCP, although the it looks like there gonna be a potential rebound toward 2.32, however the volume is still weak (extra cautious)
NEXNEWS
Best accumulate between 0.70 to 0.67 and hope for a rebound to 0.81. Cut Loss if falls below 0.67.
For 19/9/2006 the closing price was 0.71.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.77.
The projected lower bound is: 0.67.
Business Activity
MEDIA INDUSTRY - NEWS PUBLICATIONS
Recent News:
NEWXNEWS TO RAISE CIRCULATION OF THE SUN - 15 Sept 2006
SC GRANTS NEXNEWS EXTENSION TO COMPLETE RIGHTS ISSUE - 18 Aug 2006
NSTP SEES FLAT FY2006 EARNINGS GROWTH - 27 Jul 2006
KLCCP
Best buy between 2.18-2.21 and hope for a rebound to 2.32. The risk is a bit high due to low volume.
For 19/9/2006 the closing price was 2.24
Overall, the bias in prices is: Upwards.
The projected upper bound is: 2.31.
The projected lower bound is: 2.17.
Cut Loss: If fall below 2.17
Business Activity
PROPERTY INVESTMENT FACILITIES MANAGEMENT MGMT OF CAR PARK OPERATIONS OWENERSHIP AND MGMT OF SHOPPING MALL
Recent News:
KLCC PROPERTY - 1Q ENDED JUN 2006 REVENUE MARGINALLY HIGHER - 29 Aug 2006
KLCC PROPERTY CLARIFIED NET PROFIT PROJECTION FOR FYE MAR 2007 - 24 Jul 2006
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