MBF Holding & Tebrau – Rock&Roll Started ?

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Nov 01 2006
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It seems MBFHLDG has started walking instead of crawling today ( which i blogged here when it broke out of it’s 3 year high) … the daily volume has picked up to a satisfactory level and should it sustainable, there’s an opportunity to make money with this stock … today stocktube indicator still shows bullishness with ratio of bulls against bears at 360 Bulls : zero Bears

MBf Holdings Berhad (stock-code : 1236) is an investment holding and a provider of management services to its subsidiaries. The Company operates in six segments: Card and Payment Services, which is engaged in the business of issuing credit cards, acquiring merchants and other related services; Trading and Manufacturing, which is involved in retailing and wholesaling of merchandise, support of information systems and office equipment, shipping, automotive and heavy earthmoving equipment, and printing of packaging boxes; Property and Hospitality, which is engaged in property management, investment in properties, property development, including dealing in land and estate management; Plantation, which is engaged in copra, cocoa, coffee and tea production, and Financial Services, which is engaged in providing financial services. On August 19, 2005, the Company disposed MBf-HTH Technology Sdn Bhd to Secure Parking Corporation Sdn Bhd. .

On the same footing is Tebrau which breached the resistance of $ 0.535 ( blogged here and here ) with high volume and it seems getting ready to rock & roll to test $0.73 level … today stocktube indicator still shows bullishness with ratio of bulls against bears at 2,707 Bulls : zero Bears

Tebrau Teguh Berhad (stock-code : 1589) is a Malaysia-based investment holding company. The Company’s subsidiaries are engaged in property development, construction activities and property management services. Its subsidiaries include Bayou Bay Development Sdn. Bhd., Tebrau Bay Sdn. Bhd., Tebrau Bay Constructions Sdn. Bhd., Bayou Management Sdn. Bhd., Tebrau Venture Sdn. Bhd. and Langkawi Airport Hotel Sdn. Bhd.

Having said that, both stocks have reached the over-bought territory … while MBF Holding is fundamental stock, Tebrau on the other hand is a loss-making company … but do speculators or punters care ? there’ll always be speculators trying to make money

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