POHUAT (7088) - Poh Huat Resources Holdings
Dow gained 259 points (+1.47%) on Thursday, this is either the mini wave 2 of d of (xiv)
Or it is the starting of mini wave 3 of sub wave iii of wave (xiii) if Dow can break its upper resistance line.
FBMKLCI (1,786)
It is possible that KLCI is forming its wave b of mini wave 2. This wave b may last another 3 to 5 days.
Poh Huat Resources Holdings (Rm 2.30)
Poh Huat is in the business of manufacturing and selling of timber furniture and other related products for local as well as oversea markets.
It has reported an earning of 10.35 sens a share for its quarter ending 31st October 2014. It has to announce before end of March its quarterly earning for its latest quarter ending 31st January 2015.
Its stock price might have moved up very substantially from below 40 sens to Rm 2.30 in the last 2 years but if its quarterly earnings can be maintained at well above 10 sens due to cheap rubber wood and weak Ringgit, I would expect it to move higher in tandem with its earning.
Chart wise it is forming its major wave 3 currently.
So far its has completed its sub-wave i, ii, iii and iv and it is at the starting of its sub-wave v of its wave (i) of major wave 3.
If it can report an earning of 12 to 15 sens a share, sub-wave v should have no problem to reach Rm 3.00.
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