E&O Property Development Berhad ( E&OProp : stockcode 3468 ) and it’s warrant (E&OProp-WA : stockcode 3468WA) triggered FinanceTwitter “Buy” signal today. Both stocks also triggered MACD “Buy” signal. Ratio for E&OProp is 652 Bulls : zero Bears while E&OProp-WA has ratio of 51 Bulls : zero Bears. However both stocks are over-bought as far as RSI and Stochastic is concern. E&OProp surprisingly closed just above it’s resistance of RM 1.51 at RM 1.52. Resistance of the warrant meanshile is at RM 0.50. Should E&OProp proved it’s support at RM 1.51 tomorrow, then the bullishness is intact. 
E & O Property Development Berhad (E&OPROP) (formerly known as Kamunting Corporation Berhad) is the property development arm of Eastern & Oriental Berhad (EOB), both listed on the Main Board of Bursa Malaysia.
E&OPROP also has other business units including construction, furniture retailing, building materials trading and property investments.
E&OPROP recently proposed the listing of Putrajaya Perdana (which has since been listed) and Share Consolidation (2 to 1). Shareholder who didn’t prefer Putrajaya Perdana shares had opted for cash instead.
Second stock which triggered FinanceTwitter “Buy” signal today is Lingui Development Berhad (stockcode 2011) which registered 74 Bulls : zero Bears. The Stochastic is expected to cross anytime while the RSI is at 60.37. However the volume has not show a break-out yet.
Lingui Developments Berhad is a fundamental stock engaged in investment and property holding, and the provision of management services. Segments involved – timber and plywood (New Zealand), spare parts, petrol, oil and lubricant traders, insurance agents, provision of repair services, rubber retread compounds, property investment, oil palm plantations.
Third stock which triggered FinanceTwitter & MACD “Buy” signal today is Mulpha International Berhad (Warrant) ( MULPHA-WA : stockcode 3905W) which registered 665 Bulls : zero Bears. 
Mulpha International Berhad is an investment holding and international trading company. The Company comprises four main business segments – Property, Hospitality, Manufacturing, General Trading. The Company operates in Australia, China, Hong Kong, Malaysia, Singapore and Vietnam.
Fourth stock which triggered FinanceTwitter & MACD “Buy” signal today is Fajar Baru Capital Bhd (stockcode : 7047) with 83 Bulls : zero Bears. Stochastic has just crossed and volume started to build up.
The Company provides management services to its subsidiaries. Fajar Baru Capital Bhd’s subsidiaries are :
-
Syarikat Pembenaan Fajar Baru (Rembau) Sdn Bhd (100% owned) – building and civil construction.
-
Centrepac Sdn Bhd (100% owned), Fajar Baru Trading Sdn Bhd (100% owned) – project management.
-
Potential Region Sdn Bhd (50.25% owned) – property development
-
Wajatex Sdn Bhd (100% owned) – manufactures ready-mix concrete.
Other stocks which triggered FinanceTwitter “Buy” signal but either do not
have fundamental or face with uncertainty are MBFCorp & RHB-CA.
Looking at the reaction of Dow Jones & Bursa Malaysia Composite Index performance today, it seems the window dressing has come early this year. Volume exceeding 1 billion has indeed help the overall sentiments though I must admit mostly second and third liners are being played. If the KLCI stayed above 1,000 points and a healthy consolidation takes place soon, there’re indeed some money to be made investing stocks this year.
Read More on KLCI closes at 9-Year High …
|
|
November 9th, 2006 by financetwitter
|
|
|
|
|
|
|
[…] FinanceTwitter highlighted this stock at E&O-PROP, LINGUI, MULPHA, FAJAR, MBFCORP & RHB-CA previously when it triggered FinanceTwitter and MACD “Buy” signal. It will be interesting to […]