Presbhd - racing higher Part 5

Today is the highest rise in price in a single day, a staggering increase of 42 cents or 12.1%. Gained the 2nd spot on the Top Gainers chart as well.

 

It is a long overdue surge in price since the company announcement for bonus issue a month ago. It is a worthwhile wait indeed.

 

Monthly price movemnet since May 2013.

31/05/2013	1.77
30/06/2013	1.86	5.1 %
31/07/2013	2.12	14.0 %
30/08/2013	1.92	(9.4) %
30/09/2013	2.04	6.3 %
31/10/2013	2.32	13.7 %
30/11/2013	2.60	12.1 %
31/12/2013	2.88	10.8 %
30/01/2014	2.96	2.8 %
28/02/2014	3.30	11.5 %

31/03/2014       ?            ?

Its price closed at RM3.89 on 24.03.2014.

 

Presbhd - racing higher Part 4

Presbhd recorded an all-time intraday high of RM3.37 on 18.02.2014, and 3 days later, on 21.02.2014, it recorded another new all-time intraday high of RM3.51 which was partly due to the unexpected announcement of Bonus issue a day earlier on 20.2.2014. However, due to persisting selling pressure, the stock price retraced and only managed to close 1 cent higher at RM3.30.

Many people were felt disappointed at the closing trading session on Friday. After all, everyone was expecting a solid close because of the Bonus issue announcement.

For quite a long time, the stock price fluctuation has been quite orderly but last Friday was quite an exceptional day. There were indeed some trading abnormality on last Friday. Little was known to many people, 2 giants were fighting on that day. Apparently one giant was caught off guard to the unexpected announcement while the other giant was keeping things wrapped so tightly that they had made their moves very much earlier undetected. One giant felt that their ego got bruised, thus they unleashed a furry pressure to suppress the price hike. In the end, the losers on that fateful Friday were the retail players themselves. They thought they could make a killing but they got themselves slaughtered. But don't despair. The price climbed back with a convincing close today at RM3.46, upped 16 cents. It is also an all-time high close so far. All-time intraday high was RM3.51 and it is expected to be breached in the near term.

With a good Q4 financial report which was reported on Thursday 20.02.2014 coupled with Bonus issue announcement, the corporate story for Presbhd is getting better and stronger by the month. Avalanche of research houses started to give their research report with revised upward target price. The latest being from CIMB that put their target price at RM4.45. Whilst I am not surprise at all but I feel they should be more bold to give a more stronger target price, just like how RHB gave a bold target price for DSonic not too long ago.

Presbhd declares a total of 12 cents dividend for the year 2013. For comparison, the company declared 10 cents and 8 cents dividend for year 2012 and 2011 respectively,

Well, what more need to say about Presbhd now. Many research houses have offered their piece of opinion. If you still don't believe this is a strong growth company with robust business plans, then I think nothing will convince you anymore.

 

Its price closed at RM3.46 on 24.02.2014.

Presbhd - racing higher Part 3

Presbhd - racing higher Part 3

Another all-time high close at RM3.10.

It was a strong showing today. The price was pushed up all the way until closing bell. All 92,000 units of seller's volume at RM3.10 were taken out during the Trading-At-Last period until there was no more RM3.10 seller's volume at the closing bell. All in, today up by a commendable 20 cents. What a great showing at the beginning of the year.

It also top the Top Gainers chart today.

Not many retail players participated in the rally for this stock. This is because Presbhd is relatively a quiet and slow stock and does not fit the criteria for most retail players. Today rush is mostly participated by fund managers. Many had revisited and reviewed their exposure to this stock.

 

This does not come as a surprise to me. There are so many growth stories for this company. Whilst it may not shot up the way DSonic did but it will certainly climb to a remarkable height in the very near term.

 

Its price closed at all-time high RM3.10 on 10.1.2014.

Presbhd & OCK - the promising stars

1) Prestariang Berhad

A quick take on Presbhd for 19.12.2013.

Another all-time intraday high at RM2.96.

Another all-time high closing at RM2.90.

2) OCK Berhad

A quick take on OCK for 19.12.2013.

Another all-time intraday high at RM0.87 which breaks its previous high of RM0.85 recorded on 20.11.2013.

Another all-time high closing at RM0.86.

It had an interesting run-up today after moving sideway for the past 4 weeks. The wait has finally bears fruit. I have been collecting the stocks aroung RM0.80 during the same period. There were big volume transacted at RM0.865 which reflects a strong interest for the stock. There will be more head rooms to go moving forward and it is worthwhile to be kept invested in the stock.

 

Some said OCK is like a old man because it moves very slowly. Who cares as long as it moves eventually and the moves are always upward. Slowly but surely.

Some recommended Benalec which is almost the same price, but I would prefer OCK - young, small but promising company in the long run.

 

Today is particularly interesting because of the above 2 stocks are moving upward while the KLCI index is moving downward.

Its (Presbhd) price closed at RM2.90 on 19.12.2013

Its (OCK) price closed at RM0.86 on 19.12.2013.

Presbhd - racing higher Part 2

A quick take on Presbhd on 12.12.2013.

Another all-time intraday high at RM2.82.

Another all-time high close at RM2.78.

It was a strong showing yesterday by Presbhd. Touched new intraday high of RM2.82 before retraced and closed at RM2.78. All in, it up 12 cents. From a penny stock at RM0.70 since late 2011, this stock certainly has come a long way.

 

As shown above, there were 10 lots changed hands at RM2.82. Not much but good enough to create a new-high record.

Just manage to sit down after busy for the last two weeks setting directions for the team what to plan for in the coming weeks.

Its price closed at RM2.78 on 12.12.2013.

Presbhd - racing higher

Another of my favourite stock none other than Presbhd.

Just as I have expected, today Presbhd breaks its old record high and hit another new all-time high close at RM2.68, up 9 cents.

Its all-time intraday high is RM2.70.

To recap. The company had just ex-dividend on 3.12.2013 for 3.5 cents. Its price was adjusted and opened at RM2.59 at the opening bell. The price was closed at RM2.63 a day earlier. If that is to be taken into consideration, theoretically the closing price should be RM2.72, if we wanted to look at it this way.

There will be more upward actions until end of the year. This is one of the best long term investment stock. Good dividends and capital gains.

 

Its price closed at all-time high RM2.68 on 9.12.2013.