Notion（0083）， JCY（5161）， Wijaya（4022）， Presbhd（5204），Bertam（9814）， Hapseng（3034）， Eng（8826）Mpay（0156）， Coastal（5071）
If you are trading the market, you need to know what is happening to the stock you are trading.
For example, Notion was doing a breakout and closed at 1.94 on Jan 30, 2012. On Jan 31, it opened at 1.92 low but was pushed up to 2.03, later retraced to 1.94 but closed at 1.96. 1.7 million shares traded. It is likely that the stock will continue its uptrend momentum on Thursday. The stock TP1 is 2.05, TP2 is 2.15 and TP3 is 2.30. Stop loss below 1.85. It came up from Jan 27, 2012 at 1.84.
Mpay(0156) is not moving yet. It is still at the consolidating stage. Rumours said that it will be awarded a project by the government but the stock is not performing to show such contract. Well, you just need to wait for its action. Today only 93K of shares being traded at 0.165.
Coastal(5071) is a bullish stock. This morning it opened at 2.09 but later in the afternoon moved to 2.32 and closed at 2.30. There is a breakout for this stock, its tp 1 is 2.50 and tp 2 is 2.70 . Today there were 7 million shared being traded.
Presbhd(Prestariang Berhad-5204) is a stock belonged to trading and services. The recent announcement said that it was awarded a RM 14 million contract for the implementation of the 1Citizen certification programme to provide IC Citizen training and certification from the Ministry of Information, Communicatin and Culture (KPKK).
Then Borneo Post published the news on Jan 19, 2012 as follows:
OSK Research Sdn Bhd (OSK Research) affirmed that this was the second contract for the 1Citizen certification programme in Malaysia that spanned a two-year period from January 1 to December 31 next year.
The first contract was awarded by the Ministry of higher Education in August 2011 worth RM28 million.
The IC Citizen training and certification programme was a home-grown programme designed to promote the approritate use of technology, particularly to meet digital literacy requirements.
The analyst stated that the annoucement came in within expections as Prestariang would look to expand its in-house developed training and certification programmes this year, which typically yield more than 50 per cent margin at the gross level.
OSK Research anticipated more contract winnings going forward, leveraging on its close rapport with various government ministries as well as industry partners within the information technology and education sectors. It expected the management to roll out some of its new proprietary prgrammes. The fair value was pegged at RM0.96 per share.
On Jan 26, 2012, it was closed at 0.785 and there were only 196,300 shares being traded. 2.5 million being traded on the next day and the counter moved to 0.845. On Jan 30, 2012, it moved up to 0.855 but there were only 957,100 shares changed hand. Today, there were 2.1 million shared being traded. It opened at 0.86 and moved up to 0.88 later at 3:44 pm the price started to slip and it was closed at 0.80. Technical analyst does not like this kind of trend and may think that it is a reversal signal. Well, watch it on Thursday.
The target price for this stock is : 0.91, 0.975, 1.05, 1.25.
