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Sunday, January 20, 2013

Puncak Niaga Holdings Bhd (PNHB.KL)

Overview:
Puncak Niaga Holdings Berhad (PNHB) is an investment holding company, primarily engaged in the operation, maintenance, construction, rehabilitation and refurbishment of water treatment facilities and the supply and distribution of treated water to consumers in the State of Selangor, the Federal Territories of Kuala Lumpur and Putrajaya and in the People's Republic of China. 
PNHB operates principally in Malaysia. Its subsidiaries include Puncak Niaga (M) Sdn Bhd., which holds five water treatment; which holds five water treatment, which includes research and development and technology development for water, waste water and environment sectors.
On March 10, 2011, the Company acquired 99.99% of Puncak Niaga Infrastructures & Projects Private Limited (PNIP Pte Ltd). 
On April 19, 2011, PNHB acquired a 55% stake in Reputable Collection Sdn Bhd (RCSB). 
On September 28, 2011, the Company acquired Global Offshore Malaysia Sdn Bhd And KGL Ltd. 
On June 02, 2011, it disposed 55% stake in RCSB.



Trading Plan:

Entry: RM 1.15
Profit: RM 1.28
Cut loss: RM 1.12
RRR (Risk to Reward Ratio)> 1 : 4


Analysis:

1) Trendline - Below 20MA (downtrend)
2) Volume: High
3) MACD: Red (Negative>Bearish)
4) Smoothed RSI : At 41.8%.
5) Support/Resistance: Supported at RM 1.12.
6) Beta: 0.94
7) Candlestick: Bearish
8) Pattern: Bearish





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