Thursday, June 30, 2011

DOW up again and KLCI could stay at its new high level.

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9.55 am : KLCI in red.

KNM : At 1.90 now.

KNM active, up in early trade

Written by Surin Murugiah of
Thursday, 30 June 2011 09:10

KUALA LUMPUR: KNM GROUP BHD shares were actively traded on Thursday, June 30 after the company said it expects a 20% success rate from the RM17 billion worth of contracts it had tendered for as at end-May.

At 9.10am, KNM rose six sen to RM1.90 with 1.72 million shares traded.

Its group managing director Lee Swee Eng said yesterday he was also positive on the outlook in the second half as the contracts secured last year were now being realised.

"For our tender book, the success rate before 2008 was in the range of 25% to 30%. But since the last two years due to the competitive market, we have seen our success rate at 20%. So assuming that you can get 20% of RM17 billion, maybe we have a prospect of RM3.4 billion of new orders," he said.

MAS : Continue to be in red. At 1.55 now(sold 1.62, touched 1.64). Watch.

GPacket : I was at a chat-box analysing GPacket with few chatters last night. Technically, GPacket will be going lower after huge surge recently. Fundamentally, it is still losing money. Dont know if the Koreans or Chinese will help much.

MPHB-cd : Recovering well, following mommy. MPHB staying above RM3, RSI 53. Wait to clear around 3.15.

7.10 pm : I dont know WHY I could not sign-in my blog using my notebook.

With KLCI at 1580 level, overbought. Time to sell, not buying.


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