KLSE TechWiz - SCH 0161

Stock Name : SCH Group Berhad
Stock Code : 0161

Price : RM 0.265 (17th March 2015)
Target Price : RM 0.315 (18% upside, or 5 cents)

SCH had recently saw a good strong momentum volume with 2 consecutive day hitting above 10 million shares transacted. We believe that the volume will be revisiting the counter soon as SCH rise along with the momentum.

Currently, the MA 20 trend line is looking to climb further up after the successful crossing  of the MA50 in January 2015 along with reasonable volume. Although RSI had been in a retrace, however, RSI is foreseeable to hit above the 70% region, marking a bullish note in SCH.

According to Elliot 5 Waves analysis, SCH had possibly finished its 1st surging wave and currently consolidating on 2nd wave while awaiting for the 3rd surging wave to come. Hence the room to appreciate for SCH is very good.


Price Target :  1st - RM 0.30
                         2nd - RM 0.315

KLSE TechWiz - IJACOBS (0162)

Stock Name : Ijacobs
Stock Code : 0162

Price : RM 0.40 (13th March 2015)
Target Price : RM 0.48 (20% upside, or 8 cents)

Ijacobs had been rising up with the recent solid buying as highlighted in the blue markers. The recent buying had been a good and strong momentum indicator for the stock to rise higher. We can see that the RSI had been rising towards the bullish region. Ijacobs could be challenging RM 0.45 as the first hurdle, while the 2nd target will be at RM 0.48.

According to Elliot 5 Waves analysis, Ijacobs might had climbed on the 3rd wave and currently is consolidating at the 4th wave now. Ijacobs will possibly see a final 5th wave.

Price Target :  1st - RM 0.45 
                         2nd - RM 0.48

KLSE TechWiz - Jaks 4723

Stock Name : Jaks
Stock Code : 4723

Price : RM 0.55 (11th February 2015)
Target Price : RM 0.75 (35% upside, or 20 cents)

Jaks is rising up along with momentum, with saw MA20 crossing the MA50 along with reasonable volume. Although RSI had remained in the bullish range, it had been showing some divergence of falling back in the coming days. However, the outlook for Jaks in a short term outlook is uptrend

According to Elliot 5 Waves analysis, Jaks might had climbed on the 3rd wave and currently is consolidating at the 4th wave now. Jaks will possibly see a final 5th wave.

Price Target :  1st - RM 0.65 
                         2nd - RM 0.75


Reference News

1. Jaks awarded RM 55.3 million Langat 2 supply and installation pipe jobs
2. Jaks strong contender for Langat 2 supply pipes and installation

KLSE TechWiz - Salcon 8567

Stock Name : Salcon
Stock Code : 8567

Price : RM 0.73 (11th February 2015)
Target Price : RM 0.90 (23% upside, or 17 cents)

Salcon had seen great momentum for the past few days, accommodated with good volume and solid candles. According to the technical indicators, Salcon MA20 had crossed over MA50, and it will be a start of a good uptrend.

The RSI showing a bullish note after remaining above the 70% region. Salcon will be expecting to see a short period of cool down before surging higher.

According to Elliot 5 Waves analysis, Salcon might be on the 3rd and 4th wave now, and final 5th wave will send Salcon higher.

Salcon support can be found at the range of RM 0.66.

Price Target :  1st - RM 0.80 
                         2nd - RM 0.90


Reference News

Langat 2 water treatment plant to contribute positive for the financial year of 2014, 2015, 2016 and 2017 for Salcon
Salcon had a 36% stake in the Langat 2 water treatment plant project

1. The Star - Salcon MMC AZRB JV Start Off 

KLSE TechWiz - Kenanga 6483

Stock Name : K&N Kenanga Holdings Berhad
Stock Code : 6483

Price : RM 0.61 (16th January 2015)
Target Price : RM 0.70 (14.7% upside, or 9 cents)

Kenanga had seen forming a base to prepare for an uptrend. Based on the charts, Kenanga had formed a "golden cross" where MA 20 had crossed MA 50, and the current price had just started trading above MA 50, suggesting a start of uptrend wave.

According to Elliot 5 Waves analysis, Kenanga should be entering the 3rd upswing wave, possibly hitting RM 0.65, while consolidating there after before riding the 5th upswing wave that could hit RM 0.70.

Kenanga is currently resting at a good support at the range of RM 0.60.

There is no significant volume at the time being, however, a build up in volume might start to see Kenanga trading above RM 0.61 already.

Price Target :  1st - RM 0.65 
                       2nd - RM 0.70


Reference News

- Mr Chay Wai Leong recent open market purchase.

- Stronger display of 3rd quarter result

KLSE TechWiz - PRKCORP 8346

Stock Name : Perak Corporation Berhad
Stock Code : 8346

Price : RM 2.81 (16th January 2015)
Target Price : RM 3.20 (13% upside, or 39 cents)

PRKCORP had been seen consolidating well after rising up to the trading range of RM 2.80.

PRKCORP might be looking to form another upside wave towards the resistant level at RM 3.20.

KLSE TechWiz - Benalec 5190

Stock Name : Benalec Holdings Berhad

Stock Code : 5190

Price : RM 0.665 (15th January 2015)
Target Price : RM 0.90 (35% upside, or 23.5 cents)

Benalec had recently formed a new uptrend based on the recent movement. According to Elliot 5 Waves Theory, Benalec will be starting the 3rd wave in the uptrend movement. Thursday's break above RM 0.65 with 6.45 million shares transacted is a good indication for a higher uptrend to come.

Based on the technical outlook, Benalec will be starting to make a come back soon, with the nearest resistant to be seen at RM 0.90, while current quick support to be seen at RM 0.65.

Benalec will be looking to trade above the MA 50 line, with RSI showing the urge to inch higher towards the overbought zone (70%).

Benalec will be looking to see first hurdle at RM 0.75, and subsequent to RM 0.90.

Summary of Reference News

- Benalec had submitted a Detailed Environmental Impact Assessment (DEIA) report in late October 2014, and is currently waiting for official approval of the report.

- Benalec expects to obtain approvals for the DEIA in 1Q of 2015 for the Tanjung Piai Integrated Petroleum Hub and Maritime Industrial Park.

- Benalec current on going works includes 240 acres to be reclaimed in Malacca. Oriental Boon Siew start work order in Malacca will add another 415 acres.

- Benalec is sitting on some 400 acres of landbank spanning from Pulau Indah to Malacca.

 Source - The Sun Daily