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Thursday, June 12, 2008

KNM & KLK

I had been watching KNM counter for several weeks lately..
Was reading research papers released by JP Morgan, Nomura and Credit Suisse.
Such a pleasant surprise to see KNM being recommended by both JP Morgan & Nomura..with NOMURA recommending strong buy for KNM stock.
I’m just hunting around for the target price.
But based on the charts, this is a good buy considering its trading above the 200d & 100d moving average lines.

Another potential stock to accumulate is KLK..
This company, although will be subjected by windfall tax..impact on earnings will still be minimal according to Credit Suisse report. Currently it’s trading at RM16.40, Target price RM22.50..sounds great.
My earlier analysis had proven this stock has got good potential. And even better the fact that its also trading above 200d line..so still a safe buy.

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