Sorry folks, BJCORP has managed to gather some investors attention to push it's price shot up more than 9% after my previous post regarding discouragement of investing in this company. Not to worry much about it, as different people have different opinion. If you really agreed that BJCORP has a bright outlook, then you may think it is undervalue for now.
Nevertheless, BJCORP is not the star we want to discuss further today, I would like to share with you about a star which has been greatly shinned for the past 2 weeks. I believe you should already heard about KKB Engineering Bhd. It is a Sarawakian holdings and it's business involved in steel fabrication, civil construction, hot dip galvanizing and manufacture of LPG cylinders, steel pipes and related products.
KKB has gained more than 45% revenue and close to 250% profit over the previous year. This is extremely shocking result, as 2008-2009 is the worst financial year for most companies. You must be wonder why KKB can do and recover so well in 2009, compare to it's competitors and especially the fall of steel demand. Well, if you've read KKB 2008 Annual Report, you should figure out why.
KKB share price has been shot to new high of RM6.09 after the released on it's outstanding 4Q09 result, with the support from all stock analysts. A 67% gain rally in 2 weeks, perhaps more to come? Invest a stock based on fundamental analysis is just too good to be 'true', isn't it?
Note: The post above is just my personal opinion, I'm not responsible for any of your trading decision.
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