pantech oso bullish

The main chart.



Padini was once a hot favourite. Backed by a strong growth story, you could see the extreme strong movement in the chart till end Aug 2012.
The earnings reported by Padini end Aug was terrible. Earnings declined like hell.
Was this a signal that perhaps the end of the growth story?
Would stores like Uniqlo eat into their future earnings.

With such a bad earnings, Padini corrected strongly.

Currently..



As you can see that the end Aug/Sep correction had ended and the stock was trying to find its feet again (mixed feeling about this as the earnings are rather week compared the previous year).
It had a superb run in May until taper June send the stock crumbling down once again.
Despite the heavy June correction, TA would be happy to point out that the stock appears to have found a higher low of 1.84 and that higher bottoms can be seen since end Dec.
Could 1.84 be considered as a new found bottom?
If that is the case would you want to put a wager on this stock?

This post has been edited by Boon3: Jul 11 2013, 09:15 AM

Volume seems low today.

CI is green green but low volume, my watchlist counters not up much

Brother how about AZRB TA currently? Thanks

Boon3 got what tips today?

think becos rhb says the fv should be around 1.43... if it's true... =)

also, got annoucement: secured a USD1.5m (MYR4.8m) contract to supply induction long bends to Indonesia's state-owned O&G corporation Pertamina in 2QFY14.

Any views on EAH?

They secured a 59mil project with LHDN.

http://www.bursamalaysia.com/market/listed...cements/1347177

Looks quite promising but doesnt look like it's moving much :/

what happened to century bond ?

from 1.9x down to 1.6x in just 2 days ?

There is remote chance that Fed or most central banks raising rate (after last few week of interest rate story cooking) in the near term (1-2 years down the road).
The most is QE tapering or no more new QE.

Same with local interest rate situation.

While if interest rate is hiked, actually it is good thing to have as it means economy is doing well already.

It is only good IF the economy IS REALLY doing well. And we know that most of the time, the central banks are wrong.

Agree 1.84 is likely short-term support. Padini tried to rebound many times after correcting
from the recent run up but could not close above 1.94 likely short-term resistance on the last
2 days even with higher than normal volume yesterday. It is expected to trade within the
10c range between the resistance and support levels until the price can close above or below
them for possible break outs . Need to monitor the daily closing prices to detect any shifts in
the daily likely resistance and support levels.

This post has been edited by LOWYAT3AB: Jul 11 2013, 11:03 AM

it like a drug..........worldwide is addited with the QE. Even stop the addiction.......good for health but will the worldwide (drugger) can simply throw this habit?

stop the drug habit, must pain in short term

padini managed to rise to a high of 2.050 yesterday. looks like a good early xxxxxx...

MBB bought 19.5 million shares yesterday to stabilize AAX price at RM 1.25

Stop the drug and many people will jump from high rise building.

this morning at 80% buy rate. looks like more to buy to stabilize this naughty kid.

MBB can play 15% right? so max is 355.5m shares.

This post has been edited by yok70: Jul 11 2013, 02:26 PM

Even the price being supporting...........end up it hard to surge later.

Once the price stabled, MBB will sell back the share to get back cash

At the moment or situation, the only wrong decision that central bank can make is raising rate too slow, and let inflation running wild.

In fact, what I see is that most central banks are not hawkish enough on rate.
We have been running at negative real interest rate for sometimes already, and yet most central banks do not act on it.

So I do not see how interest rate can go up in near term.