Author: masiatrade

Company Overview On YZJ Shipbuilding

Masia_Trade

YZJ

TECHNICAL OVERVIEW

In below analyzed chart, the stock can be seen having an uptrend, after taking base around the 1.35 region (Strong Support) and the 1.50-1.55 region acting as Pivot Point region with 1.60 presumably be the next hurdle.(Strong Resistance)

YZJ 1

YZJ 2

OVERALL VIEW

On the back of strong fundamentals and with that the technical indicators to support. We can say that the company is in a good position to grow even further in the market, currently it is ranked 52nd among the world in shipbuilding company. And according to the current news pertaining to updated IMO regulations to impose restriction on old vessels ships and advised to opt new technology vessels that will generate demand in market and the company can take benefit from this situation in long run. And as per the technical if stock sustains above the pivot region then one can enter in the stock by keeping a mid to long term view in prospect. So on overall basis the stock is currently doing well and can be seen as a one to trust to provide good returns in long run.

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Company Overview On MYEG

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MYEG 2

TECHNICAL OVERVIEW

Currently stock is trading just above its pivot region. Can expect a little downside correction to the 1.40 level due to some profit booking scenario, After which an bounce back can be expected. So going forward can be a good stock to have if sustains above its pivot region , as can expect it to test its immediate resistance in near term.

MYEGMyeg 1

OVERALL VIEW

In spite of some changes in country’s taxation policy regulations and recovery of debt to its associate company, MYEG provided satisfactory results in the FY2018. On exclusion of this one-off factor, company would have recorded profit of RM277.77 million in FY2018. Company’s last quarterly result have also improved; still Profit after tax has remained at slow pace with the potential to increase going ahead. Technical indicators are currently signaling a consolidation with a uptrend nearby; So keeping a mid to Long term view in prospect, stock have the potential to grow in near future.

Company Overview On SUNTEC

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Suntec3

TECHNICAL OVERVIEW

As per yearly charts, we can see that the stock is trading in a Self defined range, and currently it is trading near the higher end of the trading range, and will find a near resistance around the 2.00 level. But if able to break that level can test the new yearly high.

suntec1suntec2

OVERALL VIEW

In May, Suntec REIT has completed the private placement of 111.1m new units, the proceeds will mainly be used to fund potential acquisition in Australia. While operational weakness is expected to persist in near term, the turnaround is expected in 2020, post completion of its projects.

The stock is trading between the range of 1.980 and 1.790 if we analyze it on a mid to long term period. Currently trading near to a very strong resistance point If one wishes to trade in this stock with mid or long view then either enter above the 2.000 level or else wait for the price near support of 1.790 to enter. But if it falls below the support of 1.790 then one should wait for next support level.

Company Overview On Dayang

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dayang

TECHNICAL OVERVIEW

 

In the yearly chart below, the stock can be seen making a base and taking a turn around from 1.00 region, which is acting as a support point as of now and 1.150 region acting as Pivot Point and the 1.250 region presumably be the next hurdle.

The volume in the stock has started to rise from the start of the year and can see improvement going ahead.

Dayand Graph

Dayang Plote

OVERALL VIEW

As per current technical Charts, the stock is currently trading near to its pivot region and may face a stiff resistance near the 1.200 region. With not so good fundamentals to support for now, One can wait a little more to enter the stock as it can test the immediate support once before again taking an uptrend in a mid to long term view in mind , the stock might show some progress going ahead as the company is restructuring its debts in order to increase its revenue.