Commodities & Speculative Game
As commented on 7th nov 2010, I have recommended to focus on commodities stocks like plantation, oil & gas, steel industry, and some of the hidden jewels undervalue stocks like KFIMA, FIMACORP, MFLOUR.
As of todays closing, KLCI is closed at ard 1520 level, accompanied with bigger volume 1.5bil shares traded. It again concludes that the retailers are coming back to the market to create the excitement - which is the right time for the undervalue stocks and the small to mid cap stocks to play the catch up game. It is simply because the bluechips are mostly price in and hitting the ceiling at the moment. Traditionally, a super bull market have to finished by the speculate play, which is the last phase of a bull trend. Subsequently, the market might need to take a breather for some healthy correction. I believe the bull market may last until Jan/Feb 2011, which is quite optimistic at this moment, and there have no negative indicators showing the market may crash anytime soon.
For the hunters, please have a look at these counters:
- Plantation: United plantation, Tsh, Cepat, Th plant.
- Oil & gas : Kencana, Sapcres, Dayang.
- Steel : Lionind, Ann Joo.
- GLC : UEMland, Mrcb, SimeDarby
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