First & foremost, welldone to whom who buy KIMLUN & MUDAJAYA last week & this week. My favourite counters proved my theory. Let see....
KIMLUN
KIMLUN break 1.68 resistance and going strong to 1.79, closing +14 sen today. A long wait have been fruitful. Target as projected.
MUDAJAYA
Mudajaya drop to 4.38 then rebound until break 4.62 resistance before closing at 4.73. Highest is 4.80. Price spread today at 43 sen.
MKLAND
CUP & HANDLE
At resistance, ready to break tomorrow.
MMCCORP
This train still not move when GAMUDA use shinkansen to arrive at top. Whether u call it double bottom or W chart pattern, the thing is (my boss wisdom word) this counter is about to move.
First objective achieved (cup & handle in blue line), next objective (rounded bottom in red line) in progress. The boooooster (Jason Gooi word) i put below the chart.
The Edge Malaysia
6 Jan 2011
KUALA LUMPUR: The synergy between Cocoaland Holdings Bhd and Fraser & Neave Holdings Bhd (F&N) was further sweetened after the former was given a contract to prepare, package and deliver F&N Beverages Manufacturing Sdn Bhd’s products.
F&N Beverages Manufacturing is a wholly owned unit of F&N.
In a filing with Bursa Malaysia yesterday, Cocoaland said its wholly owned subsidiary, Cocoaland Industry Sdn Bhd (CISB), had entered into a one-year non-exclusive contract packing agreement with F&N, with an option to extend the contract for another year.
Cocoaland did not mention the estimated value, but said it expects the contract to contribute to its earnings for the years ending Dec 31, 2011 and 2012.
This will be the second packaging contract between the two companies, as CISB was appointed Singapore-based F&N Foods Pte Ltd’s non-exclusive contract packer in Malaysia recently. This contract was estimated at minimum value of RM800,000 a year.
F&N is a major shareholder of Cocoaland with a 23.08% stake
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