As everyone know market is getting good slowly and volume entering back, but today market is profit taking due to yesterday pulled up too much. Everyone should know that window dressing is ongoing and obviously that they want to push crazily the index before 2018. As today market is not considered good but we still manage to get a few big return stocks.
SIGGAS from 1.02 to 1.15 peak. what a good return from this as two day only. nearly more than 10%
PRESTAR from 1.00 to 1.08. 8% return man. we always manage to catch those finish selling and good FA one.
SSTEEL 2.00 to 2.12. happy to see such good counter flying to the back to the sky. undervalued counter.
COMCORP from red to green today in one day 0.755 to 0.785.
MASTER from 0.655 to 0.675.
LAST BUT NO LEAST, our lovely PTB to the sky 0.28 to 0.30 level. Today our main topic is this crazy stock as everyone know this is one of our legendary stock in early year from 0.12 to 0.62 peak. what a good return from this.
PTB - the recover of PHEONIX
Company Background:
PTB manufactures polyethylene compound for wire and cable insulation and jacketing. It is also engaged in the compounding of plastic masterbatches, polymer additives, plastic compounds, and composites. The company sells its products in Malaysia and the other Asian countries.
News for PTB
KUALA LUMPUR (April 21): Polyethylene compounds maker Plastrade Technology Bhd proposes to undertake a 10% private placement of its total issued shares to potentially raise RM5.56 million for working capital.
In a filing with Bursa Malaysia, Plastrade said the placement would involve 15.04 milion shares to investors to be identified later and at an issue price determined later.
For illustrative purposes, it said assuming an issue price of 37 sen per placement share, it would represent a discount of approximately 8.23% to the five-day weighted average market price of the shares up to and including April 20, of 40.32 sen per share.
The working capital is part of the group’s business plan to grow its business without incurring additional interest cost compared with bank borrowings or issuance of debt instruments, it said.
It expects the proposed exercise to complete by the fourth quarter of 2017.
Plastrade closed up 1.5 sen or 3.7% at 42 sen, valuing it at RM63.17 million
PTB private placement at 0.37 which is superb discounted now because the price is at 0.30 now. Moreoever, a few big block DBT on may 2017 at price 0.36 too. Do you think people is so stupid to take on so big block of share at such a premium price?
Technical Analysis
PTB continously green for a few days already. PTB growing well the volume and closing today at the highest 0.30. we are expecting a good rally coming on for monday as this stock is breaking all the resistant level and rebounding super strongly. PTB mid/long term TP 0.42. Major shareholders didn't exit yet from this company yet. We forsee this is the second wave to the crazy level stock. previously we manage to play from 0.12 to 0.62 peak. now dropped from 0.62 to 0.30 level is almost 100% from the peak. Everyone love to see price up up up to the sky only they chase like crazy. However, please trade with cautious and volatile ahead coming on MONDAY. PTB presented by us StockAlliance.
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