A positive candle indicates a firm bargain-buying support underway. The share price of KEuro surged on renewed buying activities in May 2010 and saw the stock rise towards the RM0.945 key resistance level in Jun 2010. Although the share price corrected to RM0.645 at one point, it managed to rebound swiftly and surpassed the RM0.945 level in late Jun. But, it wasn’t until mid-Aug 2010 that it launched a strong run-up from the RM0.945 region to a high of RM1.14, before succumbing to profit-taking pressure. The stock registered a positive candle near RM0.945 on Friday to indicate a firm bargain-buying support returning at the current level.
Mandarin Version : Kumpulan Europlus Berhad : Good Chance For A Technical Rebound… - 30/08/2010
Showing posts with label Kumpulan Europlus. Show all posts
Showing posts with label Kumpulan Europlus. Show all posts
Monday, August 30, 2010
Kumpulan Europlus Berhad : Good Chance For A Technical Rebound… - 30/08/2010
A positive candle indicates a firm bargain-buying support underway. The share price of KEuro surged on renewed buying activities in May 2010 and saw the stock rise towards the RM0.945 key resistance level in Jun 2010. Although the share price corrected to RM0.645 at one point, it managed to rebound swiftly and surpassed the RM0.945 level in late Jun. But, it wasn’t until mid-Aug 2010 that it launched a strong run-up from the RM0.945 region to a high of RM1.14, before succumbing to profit-taking pressure. The stock registered a positive candle near RM0.945 on Friday to indicate a firm bargain-buying support returning at the current level.
Kumpulan Europlus Berhad : Good Chance For A Technical Rebound… - 30/08/2010
Kumpulan Europlus Berhad : Good Chance For A Technical Rebound… - 30/08/2010
RHB Equity 360° - 30 August 2010 (Banks, Property, PetGas, Ta Ann, Kinsteel, Perwaja, KLCCP; Technical: CIMB, K.Euro)
Sector Update
- Jul loan growth moderated slightly to +11.9% yoy (Jun: +12.5% yoy). This was largely due to lower disbursements during the month, especially to the business segment. The household segment saw outstanding loans accelerate further to +13.2% yoy (vs. Jun: +12.9% yoy) with growth still broad-based.
- Jul loan applications rose further to RM58.4bn (+13.6% yoy; +9.9% mom), a new high for the banking system. Absolute loan approvals, meanwhile, moderated to RM28.9bn (+7.9% yoy) vs. RM33.3bn (+24.2% yoy) in Jun. Jul’s statistics suggest that demand for loans has not been dampened by the three hikes in the Overnight Policy Rate (OPR) by BNM thus far.
RHB Equity 360° - 30 August 2010 (Banks, Property, PetGas, Ta Ann, Kinsteel, Perwaja, KLCCP; Technical: CIM...
- Jul loan growth moderated slightly to +11.9% yoy (Jun: +12.5% yoy). This was largely due to lower disbursements during the month, especially to the business segment. The household segment saw outstanding loans accelerate further to +13.2% yoy (vs. Jun: +12.9% yoy) with growth still broad-based.
- Jul loan applications rose further to RM58.4bn (+13.6% yoy; +9.9% mom), a new high for the banking system. Absolute loan approvals, meanwhile, moderated to RM28.9bn (+7.9% yoy) vs. RM33.3bn (+24.2% yoy) in Jun. Jul’s statistics suggest that demand for loans has not been dampened by the three hikes in the Overnight Policy Rate (OPR) by BNM thus far.
RHB Equity 360° - 30 August 2010 (Banks, Property, PetGas, Ta Ann, Kinsteel, Perwaja, KLCCP; Technical: CIM...