Corporate Highlights - 10/5/2010

♦ Kurnia Asia
Visit Note : Business Strategy Still On Track

♦ Insurance
Sector Update : BNM Seeks Feedback From The Public

♦ CSC Steel
Results Note : 1QFY12/10 Net Profit Soars On Improved Margins; Near-term Outlook Remains Positive

♦ MISC
News Update : President/CEO Replaced

♦ Market Technical Reading
Daily Trading Strategy : “Sell Into Strength” Before A Major “Sell” Wave Ahead...

♦ Multi-Purpose Holdings
Weekly Trading Idea : Potential Reversal Of The Recent “Sell” Mode...

Corporate Highlights - 10/5/2010

Mandarin Version - Multi-Purpose Holdings Berhad : Potential Reversal Of The Recent “Sell” Mode… - 10/5/2010

MPHB recorded a “piercing line” candle on Friday. The share price of MPHB reached a major resistance zone of RM1.80 – RM1.97 region in Sep 2009, after a successful rally from Mar 2009’s level of below RM1.00. However, the stock took six months to neutralise the selling pressure, before it can pierced through RM1.97 and launched a steep rally to a fresh multi-year high of RM2.48 in Apr 2010. Thereafter, buying support diminished and the stock fell into a sliding trend. It lost RM2.20 and touched RM1.97, before recording a “piercing line” candle on the chart on Friday, indicating a potential technical rebound this week.

Mandarin Version - Multi-Purpose Holdings Berhad : Potential Reversal Of The Recent “Sell” Mode… - 10/5/2010