How are our stocks doing?

Reviewing our recent stock calls

Nothing has changed much in markets yesterday. The KLCI only corrected 2.6 points while the overnight US markets were closed. We still maintain our positive view on the KLCI. Meanwhile, let us review the progress of our recent batch of stock picks.


AMMB RM 2.52(Up 10.6% since 10th Feb)
Support : 2.30 | Resistance : 2.73
Since our buy call on this stock on the 10th of February, AMMB Holdings has risen 10.6% and seems poised to go up higher. We see it going higher and touching 2.73 soon which is its January high. If it can break 2.73, it will most likely be heading towards the 3.00 level. Volume remains healthy and increasing for this high beta stock while it is now trading above its short term and mid term lines.


ANNJOO RM1.28 (Up 12.2% since 10th Feb)
Support : 1.20 | Resistance : 1.32
On the 6th of February, we made a long term buy-call on this stock as it has dropped 72% from its peak. Since then, Ann Joo has rallied 12.2% in just one week.
Ann Joo remains a long term buy call and not a trading call as it is still a very thinly trade volume which indicates that this stock is still at a pre-interest and long term accumulation stage. We maintain our positive view on the stock and advise long term investors to accumulate this stock at these low levels as Ann Joo may have
already seen its ultimate bottom on the 28th of October (RM1.08).


TMI RM3.34 (Unchanged)
Support : 3.00 | Resistance : 3.45
Cut Loss Level : <3.00
TMI remains our worse performing stock and remains unchanged since our call on
the 10th of February. We are concerned over the fact that it is drifting below its short term 30-day MAV line but we still maintain our confidence in this stock pick. However, we would advise caution if TMI decides to drift lower and revisit its 3.00 critical support. Traders should cut loss if TMI breaks this critical 3.00 support as it will invite huge selling volume immediately.