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.