Monday, October 02, 2006

AMTEL, CAMRES and YGL

"However beautiful the strategy, you should occasionally look at the results."
~ Winston Churchill

As for today Oct. 2, 2006 the share prices closed slightly higher in rangebound trade, with Digi.com leading the benchmark index into positive territory ahead of the company's capital repayment date. Digi.com recently set an October 16 entitlement date for its 0.60 rgt per share capital repayment.

The Kuala Lumpur Composite Index (KLCI) closed up 2.12 points or 0.22 pct at 969.67.

Apart from Digi.com, banking stocks also supported the market and the construction sector could resurface in the next few weeks. Prospects for financial stocks are better as interest rates have remained steady and will remain so for the time being.

Green Packet Bhd was up 0.20 rgt at 4.10 on follow-through buying after the company announced last week that it is raising new funds through a private placement of up to 40.40 mln new ordinary shares. Malaysia Airports Holdings was up 0.12 rgt at 2.17 on speculation the company will be taken private soon. Gamuda was down 0.04 rgt at 3.98 after announcing a fall in full year to July earnings. Ramunia Holdings was up 0.03 rgt at 1.27 after Sime Darby Bhd confirmed it is in talks to buy a majority stake in the company.

As for today, CHAP AYAM INDICATOR picked AMTEL, CAMRES and YGL:


AMTEL (7031)
Immediate target 1.65/1.80. Support 1.55-1.57

For 2/10/2006 the closing price was 1.6000.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 1.81.
The projected lower bound is: 1.40.
STOP LOSS: 1.40


Business Activity:
INVESTMENT HLDG PROV OF MGMT SERVICES CONTRACTORS FOR INSTALLATION JOINTING AND TESTING OF UTILITIES TELECOMM AND FIBRE OPTIC CABLES AND ASSOCIATED CIVIL WORKS IMPORT AND DIST



CAMRES (7128)
Best Bet at 0.29


For 2/10/2006 the closing price was 0.3000.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.33.
The projected lower bound is: 0.27.
STOP LOSS: 0.27

Business Activity:
MFR & TRADING OF ALUMINIUM & STAINLESS STEEL KITCHEN WARE/SINKS AND STAINLESS STEEL KITCHEN KNIVES MFR & TRADING OF MELAMINE TABLE WARE SALE & DIST OF ALU AND STAINLESS STEEL KITCHEN WARE/SINKS



YGL (0086)
Major support 0.77 to 0.80


For 2/10/2006 the closing price was 0.8550.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.92.
The projected lower bound is: 0.80.
STOP LOSS: 0.70

Business Activity
PROV OF CONSULTANCY SERVICES FOR ERP SOLUTIONS DEV OF SALES OF SOFTWARE SYSTEMS

Recent News:
YGL CONVERGENCE ACQUIRES CHINA COMPUTER UNIT - 29 September 2006
YGL CONVERGENCE PROPOSED ACQUISITION OF SINGAPORE FIRM FOR SGD200K - 25 April 2006



... the TOMYAM RAW RESEARCH for 2 Oct. 2006

Cheers...

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