Instacom

johorphang

VIVOCOM ended the morning in a steady note as traders bought ahead of the bonus issue-related EGM  due in the afternoon today.

Prices ranged from 30.0 to 31 sens on a moderate-low volume of 25.56 M shares.

Buyers flexed their muscles by taking sellers on 67.1% of total trades.

Thin volume of 5.38  M shares were recorded for trades at 30.0 and 31.0 sens.
At 30.5 sens, 20.08 M shares changed hands.

Based strictly on technicals, the immediate underlying strength of VIVOCOM remains solid and a concerted move above the 30.5-31.0 levels would set the stage  and clear the path for an upward thrust.

The Quantitative Algorithm signal stayed positive at morning's close signaled the prospects of a higher trading platform in the noon session.

johorphang

Fresh from the printing press - EGM on Bonus Issue over liau.

Heard everything approved n Book Closure date will be announced very very soon.

Ex n Entitlement dates will be early September.

johorphang

http://www.theedgemarkets.com/my ... ing-rm100m-contract

johorphang

johorphang

End-Day Review & Analysis 24 Aug

VIVOCOM prices held steady on bargain-hunting buying during noon session and settled of one sen lower at 28.5 sens.

Trades for today ranged from 30.0 to 28.0 sens on a higher of volume of 50.91 M share.

Most trades were done at 28.5 and 29.0 sens where 35.6 M shares changed hands.

Traders mostly took profits influenced by the softer values in most of the key Bursa stocks.

Expectations of a good profit number for VIVOCOM's 2Q profits failed to contain the eager profit-taking activities today.

Buyers however managed to absorb all the the selling despite the weaker overall market sentiment.

Prospects of a strong  technical rebound is bright at this juncture as a minor portion of weak holders have bailed out of the market.

The Quantitative Algorithm signal closed the day negative and indicated further sideways trend.

johorphang

Mid-Day Review & Analysis 25 Aug

VIVOCOM drifted lower on light trading and settled with losses of half a sen at 28.0 sens.

Prices ranged narrowly from 28.5 to 28.0 sens on a very thin volume of 4.68 M shares.

The sharply lower volume indicates that the selling pressure at current levels have fizzled out.

From it most-recent-peak of 31.0 sens last seen six trading days ago, prices are down,
returning 3 sens or more than three percent of its. value.

This is an unusual development considering the fresh order book news, the bonus issue due next month and the 2Q results announcements due anytime now.

It appears that people were impatient and were realising their  profits instead of waiting  for the bonus issue.

Violation of the important chart support of 29.5-29.0 levels yesterday also provided traders with the reason to bail out.

Technically, the overall setting following the five day sell-off continues to remains positive.

Large volume thrown into the marketplace were very well taken up.

Prices would have dropped much more had the buying-interests been not solid.

The 2Q report is due anytime now.

I would expect a strong bullish impact on prices if the final profit figure exceeds the RM20 to RM22 million. The 1Q profits was RM 19.7 million.

The Quantitative Algorithm insisted the morning negative and shows that the immediate main trend is weak.

Based on current setting, I am fully convinced that a solid upward technical rebound is around the corner.

johorphang

Mid-Day Review & Analysis 26 Aug

VIVOCOM rebounded strongly on fresh buying ....

VIVOCOM opened unchanged and advanced on active bargain-hunting buying and closed 1.0 sen higher at 28.0 sens.

Trades trended higher from a low of 27.0 sens to 28.5 sens on a moderate volume of 19.62 M shares.

Buyers were seen to be the obvious aggressors, booking sellers on 54.0% of total trades.

Bulk of morning's trades were done at 27.5 and 28.0 where 18.8 M shares changed hands.

Based on today's price movement and volume distribution, it is evident that we are in a positive cash-flow environment.

On account of this, the prospects of prices expanding on the technical rebound and moving higher to revisit the 30.0-31.5  levels in the immediate term is high.

The Quantitative Algorithm has reverted to positive convergence and indicted that the downward cycle has ended.

QA in positive convergence, showing that the bearish cycle has ended.

johorphang

Vivocom 0069 Top  4 vol leader at 35M, closed 28c up 1c last Friday after a strong  technical rebound.

Past 6 trading days since 19th Aug, the whole market literally collapsed due to poor Q2 results from several leading main board companies.

Vivocom likewise retraced on a total volume of 187M shares and held up extremely well in comparison as all the selling volume was all well absorbed by ready buyers who saw value in the Company long term.

A clear indication that the smart-money have taken a bullish stand on Vivocom for the near-term.

Market rumours have it that Vivocom will announce a solid set of Q2 results that will be better its Q1 PAT of RM19.8M, n far surpassed the RM15M forecasted by several analysts.

There is also market-talk that the Company will be securing another major contract far exceeding RM500M.

Two weeks ago the Company secured a contract worth RM756M.

If rumour proves correct that will bring its total contract secured within a month to over RM1.3 Billions.

News circulating in the market that several major market-makers n funds are bracing the counter for a major PE RERATING after Q2 results announced.

Prospects of a MAJOR GAP UP on 1st September when market reopens is now high in view of the latest developments.

Major GAP UP maybe by 5c or 10 levels as happened on NOV 18th from 26.5c to 31.5c on Nov 19th.

Let's make it happen together team Vivo or Vivo fans!!!

Anything below 30c we believe is a bargain-buy on Monday 29th n Tuesday 30th.

Let's make Vivocom price SOAR on 1st Sept. Let the HERDS in the market charge through n drive the Vivocom price up toward above 33c!!!

Wow 33c!!!

johorphang

johorphang

http://www.businesstoday.net.my/ ... reaking-q2-results/