We seldom find the time to blog lately as we been focusing our minds and thoughts into spotting the next Penny Tech rally. Today ASTI has done that for us when we accumulated it today at $0.046 and it has rallied to hit a high of $0.051 today. The overall market has been weak but ASTI 's subsidiary dragon has 1 good news that bring it up.
Vibrant has ventured into a new segment COAL through its subsidiary BLACKGOLD INTERNATIONAL(ASX listed http://www.blackgoldglobal.net/) and acquiring land to venture to LOGISTIC warehouse in CHONGQING China. Recently it has completed the Joint Disposal in Plaza Ventures for $79m, freeing up its cash flows and may? return surplus cash to shareholders? We remember in MAY, it has also completed a placement at $0.38 of 70m shares to SUPER GROUP owner Mr Teo Bock Kee. All these positive news should bold well for VIBRANT going forward. We have add it as our VALUE STOCK at $0.395 today.
Vibrant is currently in a nice up trending mode, a break of $0.395 & $0.40 will propel it towards the $0.50 mark.
Since our last call at $0.029 for sunlight, it is till holding up very strongly at $0.031 - 33 trading range. The stock is testing its strong resistance at $0.033, we feel this is a special gemstone and we would profit somewhere above the $0.04-50 level.
G K GOH moving towards Singapore Old Ageing population needs of a nursing home. We expect more NURSING home to be build in the future. G K GOH chart tips resistance at $1, a successful break will take it towards $1.10.
We have added it at $0.98 into our list of VALUE STOCK
SUNLIGHT A leading manufacturer of power distribution products to date, this distinction can only ignite Sunlight's drive to become one of the best in Singapore, if not the world.
Sunlight draws upon the latest technology and expertise of renowned brands such ABB, HAGER, Schneider Electric, Siemens, Mitsubishi, amongst many others, with one key focus in mind – To increase production and efficiency to meet and exceed customers’ needs and expectations.
Given the massive run-up in JADASON, we SWITCH to another tech penny SUNLIGHT as the most potential penny stock to rally strongly towards 5-6cents. Given the Full Year results release, REVENUE has climbed up strongly up 38% to $55m from $39m, significant revenue growth(YonY%increase). Therefore, We see it turning in a PROFIT in 2017/18 years on strong sales momentum.
Many remembers we use to play JADASON at the price level of 3cents during the year 2016 and 2017. This year 2017 we alerted JADASON many times from 5cents to 8cents. It turned out that the stock JADASON has received strong research coverage from RHB and CIMB at 15cents and 17cents. Well at such level level, it deem reasonable to take profits given the amazing build-up from 3cents to 5cents to 8cents and now 11cents.
Our strategy will be to look at others tech-stocks like SUNLIGHT with decent P&L and balance sheet before those research-house starts coverage.
We will be adding BOUSTEAD in to our new segment VALUE STOCK LIST. Boustead has build up its project based contract involvement in Mediapolis is more than an opportunistic bet on this segment of Singapore’s growth. Now, the engineers at Boustead Projects are turning their attention to designing something a little simpler than what they are used to, but with just as much promise: a multi-tenanted business park at Mediapolis, a 19ha hub in one-north created by Jurong Town Corp for the infocomm, media, physical sciences and engineering sectors
Technically, this stock look set to break the key resistance at $0.90.
It been a difficult month for the month of JUNE 2017 this year. We can feel the market is getting tougher days by days even though the Straits Times Index is holding up quite well. But bear in mind that a lot window dressing going-on in this few days. Next month we will unveil our NEW STRATEGY to counter the VOLATILE MARKET. We have since update our LIVE STOCKTRACKER in our page.
IFS Capital just broken out of the resistance at $0.245 and $0.25 today. For all those who don't know much about IFS CAPITAL, the biggest substantial shareholder is Mr Lim Min Hua, boss of Phillip Securities. Why is he buying shares in IFS CAPITAL recently, it could be something interesting that we do not know yet.
Remember JEP right issues back in NOV 2016, they priced their rights issue at $0.02 with exercise price $0.02. For VIKING case, they priced it at $0.018 with their exercise price at $0.025. They are pricing their right issue lower than the exercise warrant price, one reason we see is that they are confidence of the recovery in the OIL & GAS beyond 2018 & 2019. Effectively, if one was to buy the Viking R at $0.001 and apply the rights at $0.018(the ultimate cost is $0.019) with the warrant still way out of the money($0.025).
Only can use 1 word to describe UNITED GLOBAL - beautiful chart. The stock breakout after the strong resistance clear at $0.32 today. It touches a Day high of $0.35(could be seen as the next resistance). This stock has potential to reach 40-50cents range in this Month of June.
This week is TECH related plays. We alerted JADASON yesterday at $0.081 when it was attempting to breakout of its resistance. Today JADASON continued yesterday impressive rally to hit a high of $0.088.