Versatile & LayHong – Marathon Started

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Oct 30 2006
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After bursa malaysia closed today, 2 (two) stocks triggered stocktube signal – versatile creative berhad (VERSATL : code 4995) and layhong (LAYHONG : code 9385) …

While versatile is still in red, layhong recovered and registered RM 6 million in profit in 2005 …

Versatile was listed on the Main Board of the Bursa Malaysia Securities on 18 th December 2003 – the white knight for Tai Wah Garments Manufacturing Berhad(TWGB) … versatile triggered the MACD buy signal with stochastic about to cross at curent 37.5 … relative strength at 58.4 and building … the ratio of bulls vs bears is 53 Bulls : zero bears … the first resistance seems at RM 0.40 … but the volume is not at alarming rate …

Layhong on the other hand triggered MACD buy signal but the stochastic had already crossed 2 days ago with relative strength reached the water-mark of 70 … the ratio of bulls vs bears is 114 Bulls : zero bearsthe volume for layhong has not peak-up as well … but will the bull just too lazy to move more steps based on above indicators ?

Hence, are the smart money (monies) slowing coming in for both stocks ? time will tell …

Versatile Creative Berhad (VCB) is an investment holding company. The Company operates in four segments: paper products, which is engaged in manufacturing and trading of paper board packaging products, specializing in offset printed boxes and offset-laminated cartons; plastic products, which is engaged in the manufacturing and sale of plastic packaging products; color separation and printing, which is engaged in the provision of color separation and lithography services and printed materials, and others, which is engaged in investment holding and provision of specialized outdoor advertising media services. VCB operates in Malaysia. The Company’s wholly owned subsidiaries are Versatile Paper Boxes Sdn Bhd, Fairpoint Plastic Industries Sdn Bhd, Imagescan Creative Sdn Bhd (ICSB) and Versatile Smart Components Sdn Bhd. Through ICSB, VCB owns 60% of Mediaway Specialist Sdn Bhd.

Lay Hong Berhad is a Malaysian-based company principally engaged in investment holding and poultry farming. The Company’s food processing division comprises its downstream activities that include processing of chicken, manufacturing of chicken frankfurters and pasteurized liquid egg. The dressed chickens and frankfurters are marketed under its brand Nutriplus in Peninsular Malaysia whereas in Sabah it is marketed under a second brand. Lay Hong Berhad produces live broilers, where 70% are for internal consumption and processed into primary and further processed poultry products, such as dressed chicken, deboned meat and frankfurters. The balance is sold directly to retailers. The Company is also engaged in the production of table eggs. Some of the Company’s subsidiaries include Hing Hong Sdn Bhd, Innofarm (Klang) Sdn Bhd, Evergreen Organic Fertilisers Sdn Bhd, Lay Hong Liquid Egg Sdn Bhd, Eminent Farm Sdn Bhd, Innobrid Marketing Sdn Bhd and Evergrowth Marketing Sdn Bhd.

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