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Post by zuolun on May 2, 2014 9:03:17 GMT 7
Zhulian — Trading in a RectangleZhulian closed with a black marubozu @ 2.90 (-0.03, -1%) on 30 Apr 2014. Immediate support @ 2.75, next support @ 2.50, strong support @ 2.20, immediate resistance @ 2.95. Zhulian (weekly) — Uptrend is broken, expect more downside than upsideZhulian — 27 Apr 2007 to 2 May 2014
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Post by zuolun on May 13, 2014 10:40:09 GMT 7
Zhulian — Trading in a RectangleZhulian closed with a spinning top @ 2.76 (-0.03, -1.08%) with thin volume done at 242 lots on 12 May 2014. Immediate resistance @ 2.95, immediate support @ 2.69, next support @ 2.50, strong support @ 2.20, Should a bearish rectangle breakout @ 2.69, TP 2.28.
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Post by zuolun on Jul 18, 2014 9:50:12 GMT 7
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Post by zuolun on Sept 1, 2014 13:49:48 GMT 7
In technical analysis, a stock that has made a new low is one that must be treated with caution and to be avoided buying for longterm investment.Zhulian — Bearish Rectangle Breakout TP 2.28Zhulian hit a new low of 2.40 and closed with a black marubozu @ 2.41 (-0.04, -1.63%) with 387 lots done on 29 Aug 2014. Immediate resistance @ 2.45, strong support @ 2.20.
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Post by zuolun on Sept 17, 2014 11:23:07 GMT 7
In technical analysis, a stock that has made a new low is one that must be treated with caution and to be avoided buying for longterm investment.Zhulian — Trading in a Rectangle, biased to the downside TP 2.28, next TP 1.97Zhulian closed @ 2.45 on 15 Sep 2014. Immediate resistance @ 2.67, strong support @ 2.32
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Post by zuolun on Oct 21, 2014 10:23:55 GMT 7
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Post by zuolun on Oct 22, 2014 4:54:08 GMT 7
Zhulian’s Q3 earnings plunge 74% to RM10.4mil — 15 Oct 2014 Kenanga Research on Zhulian: Disappointing 3Q13/9M14 earnings, UW TP RM 2.00 16 Oct 2014 Zhulian Corp Bhd’s net profit for the first nine months of 2014 was below expectations, accounting for 46.6% of Kenanga Research’s forecast. The research house said the negative variation could be attributed to the slower-than-expected recovery in the Thailand market as well as weaker-than-expected sales in the local market. Zhulian declared a dividend per share (DPS) of two sen, lifting year to date DPS to eight sen compared to nine sen previously, which according to Kenanga is within its expectation of 10 sen for financial year 2014 (FY14). Kenanga Research said it was disappointed with the numbers as the net profit of RM35.8mil only accounted for less than 30% of RM121mil that Zhulian recorded in FY13. It slashed its earnings forecasts for Zhulian as it factored in lower distributor productivity in the Thailand and Malaysia markets as well as higher effective tax rate of 20% (from 17% -19%) which resulted in 35% and 26% downward revisions in forecast FY14 and FY15 net profit, respectively Kenanga Research said it downgraded its rating on Zhulian to “underperform” from “market perform” with lower target price of RM2 from RM2.70. It said it would continue to peg its target price at 12.8 times FY15 PER, which implies three-year mean average PER.
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