CENSOF - The key software provider & support for government

NEW IPO

This BUMI listed company has just being listed on 31st Jan 2011, the IPO offer price is RM0.93. It is trading at RM1.34 with the high volume support. It has made an impressive of about 30% return since the IPO.

Strong & Stable Clientele

With the strong BUMI managment team, as well as the establish business in government sectors, it successfully penetrate and gaining more business from the government sectors. Among the main clients are EPF, SOCSO, Ministry departments.

Pioneer among BUMI IPO companies

Censof is one of the main BUMI software listed companies which is supporting by the government with the theme "Goverment to support at least 5 BUMI companies to list in Bursa in 2011". Thus, Censof has became the pioneer and the bencemark for the rest. There is only one objective for the company as well as the stock price: "To get succeeded and all the way up north"!

Good investment opportunity

Based on the above factors, I would give a buy call for CENSOF as more on political play or Election play! Target price may goes up to RM1.60-RM1.80 easily.

Market is under healthy correction - Clear all holding position & stay sideline for next bargain chance

Tired Bull

After many months of bull run since March 2009, the bull started showing sign of tiring and a break is much needed to re-energize the bull. The current Asian markets correction is partly due to high inflation impact, as most governments have no choice to further tighten the monetery policy like increase the interest rate and reserve to counter the high inflation.

Immediate Trading Strategy

As a result of sudden pull out by the foreign fund from the Asian markets, it created a bad sign that this correction will stay longer and more severe than any during this long bull run. Thus, I would suggest to clear all stock holding position, keep 100% bullets, and waiting for bottom fishing opportunity.

Immediate support level: 1,480, 1,450, 1,400.