Properties
Current Price = 0.34
Support = 0.325 / 0.315
Target = 0.355 / 0.37 / 0.39
Background
M K Land, made its debut on the main board of the Kuala Lumpur Stock Exchange (KLSE) on 27 August 1999 with three (3) major projects injected from EMKAY, namely Damansara Damai, Taman Bunga Raya and Bukit Merah Laketown Resort. Subsequently on 26 June 2002, six (6) more major projects were injected into MK Land?s portfolio from the EMKAY Group. With this second injection, MK Land has a total of nine (9) projects covering the States of Selangor, Perak and Kedah. Today, M K Land is firmly entrenched in the property development industry of being one of the largest public listed property companies with a paid up capital of RM 1.174 billion.
The Group has a diversified portfolio of projects, which includes affordable housing, lifestyle living, commercial development, resort, a water theme park and property investment. M K Land Holdings Berhad is now under the leadership of YBhg. Tan Sri Datuk Haji Mustapha Kamal bin Abu Bakar. YBhg. Tan Sri Datuk Haji Mustapha Kamal bin Haji Abu Bakar is the Chief Executive Officer of M K Land since he took over the helm since July 2008. The Company is an extension from the EMKAY Group, which was formed by Ybhg. Tan Sri Datuk Haji Mustapha Kamal on 1st March 1983. Since its formation, EMKAY has been involved in property, construction, commerce, landscaping, resort, agriculture, manufacturing and education.
Technical Overview
Simple Financial Info
1st Q report released and price just ranging. As you can see the box in chart, showing the Q period. the 1st left box is for 1st Q and beside to right is 4th Q.
As movement during 2012 Jan (not covered in chart) with lower profit compared to recent Q1 report (slightly better), I expecting price to move up in recent trading days within period of 1 month. The volume also need to be more fierce.
Resistance 0.355 / 0.37 and 0.39.. Break this point, could heading to 0.435.. Support/cut loss at 0.325 and 0.315..
I know some might say Properties and Construction is not in play at the moment. I totally agreed. Hopefully, we might see Properties, Construction, Finance be the last sector to be played before GE. Now also Plantation just started. Finger Crossed.
Lastly is the Target Price set by Investment bank. Seems that only PBank gives a latest target to 0.80.