Cypark Resources (CYP MK; RM2.62) – BUY
FY12P/E: N/A, P/BV: 4.4x
• Cypark broke out of its ascending triangle pattern yesterday on rising
volume. This is a bullish sign and we anticipate prices to swing to new highs
in weeks to come. Resistance is at RM2.80, RM2.90 and RM3.03.
• MACD is poised for a positive crossover while RSI has hooked upward. The
improving technical landscape further reinforces our short term positive view
on the stock.
• Traders may start to nibble now to ride this breakout run. Always put a stop
at RM2.43-RM2.37. A fall below RM2.35 would likely suggest that the rally is
exhausted.
Cypark Resources Bhd offers environmental remediation and landscaping
services. The company assesses and remediates neglected, degraded and
contaminated land, maintains recreational fields and children's playgrounds,
and offers commercial landscaping services.
KUB Malaysia (KUBM MK; RM0.78) – BUY
FY12P/E: N/A, P/BV: 1.2x
• KUB reached a low of RM0.605 on 15th March and the bulls have since
made a comeback. Currently, prices are in recovery mode. Yesterday, the
candles also swung past all its key moving averages. This would likely push
prices towards RM0.825 and RM0.885 next.
• MACD histogram bars are gaining strength while RSI is also rising.
• Risk takers may start to accumulate now. Only a fall below RM0.72 would
trigger our stop.
KUB Malaysia Berhad is an investment holding company. Through its
subsidiaries, the company provides information technologies and
telecommunication services, and provides online and conventional education.
KUB Malaysia also bottles and trades liquefied petroleum gas, operates a
chain of restaurants, develops and invests in property, and provides
construction services.
Coastal Contracts (COCO MK; RM2.72) – SELL
FY12P/E: N/A, P/BV: 1.6x
• Coastal Contracts appears to be stuck in a huge rising wedge pattern. It
formed a bearish engulfing pattern yesterday. If prices fail to swing past its
previous high of RM2.84 soon, there is a high possibility that the uptrend
may have halted.
• Technical indicators are showing signs of exhaustion. MACD has flattened
out while RSI has also hooked downward.
• Once the support trend line (now at RM2.57) is violated, prices should likely
swing towards its 50-day and 200-day SMAs at RM2.50 and RM2.34
respectively. Put a buy stop at RM2.90 just in case.
Coastal Contracts Berhad is an investment holding company. The company,
through its subsidiaries, provides fabrication and sale of marine transportation
vessels, property letting, ship repairs and maintenance, sub-contract services,
vessel chartering, tugboat and barge transportation, equipment hiring, as well
as barge hiring and leasing services.