Look at Metronic Global.
All that was written was a simple chartist's impression of the stock and that it has accumulated sufficient volume or criticial mass to move forward. Then it shot up one hundred percent, fro m4 to 8 sen.
Lately it was chased by punters who pushed it to 14.5% thinking that it has some super news. Then a reply came from the company that a majority shareholder has been approached by a party to purchase some of his shares. That quelled the speculative frnezy a little bit.
So, let us look what has OSK IB's researchers have recommended this time around.
The first counter to look at is that Japanese sleeper, TASCO.
After moving up from the RM1.70's level to RM1.90; this logistics company has now vaulted itself beyond the RM2.00 mark. The only corporate news is that they have leased some land near the Tanjong Pelepas Port in Pulai, Johor. Today it is trading at RM2.02 and RM2.03 level.
OSK has predicted that it will move up to RM2.30 as its next target.
The other counter is YTL Corp.
This counter is a really heavy-weight counter in terms of the number of shares floating all around because of the share exchange with shareholders of YTL Cement.While it went up for a day on Thursday beyond RM1.80; by Friday last, 16 March, it tumbled back to RM1.70 and below. Today, it is trading at about RM1.76-RM1.77.
OSK has projected that its next price level will be RM2.10.
So, do you believe in the analysts at OSK and take a position or just ignore it as price postulation and nothing more?
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