VIVOCOM settled unchanged after a inside-day trading session with prices hovering between 32.5 and 31.5 sens and finally ended at the top-end at 32.5sen.
Aggressive buyers bid up at close after having not being able to fulfill earlier a buying orders.
Total volume was the lowest in five session, at 61.63 M shares, typical of a stock that is consolidating after five-straight days of price advances.
Light profit-taking occurred today with volume well absorbed by investing buyers who are positive on the longer-term outlook
Immediate sentiment remains bullish as traders look to the Q1 results which is anticipated to be a surprise and is due in mid-May, to provide fresh leads and impetus for a continuation of the positive rally.
Currently, investors are speculating that Q1 profits would exceed the earlier estimates of RM14.5 to RM 15.5 by a handsome amount.
A volume of 61.64 M shares changed hands. Trade distribution data shows that buyers were the more aggressive lot today.
54.70 % of today's trades were buyers booking sellers. Sellers gave 45.30 % of trades to buyers.
The trend-tracker Quantitative ALGOR signal closed in bullish-divergence and suggested that prices are still positively bullish for the near term.
Vivocom ended the Friday affair lower by 1.5 cents where else the broader market stays flat and boring with a 4.21 points gain in KLCI.
All eyes were on Vivocom since the morning session as trading in the counter remains active and visible with 66.7m shares changed hand.
Trading in Vivocom has been a bit chippy the last few session after it attained a high of 32.5c 2 days back where gains have been greeted with subsequent selling interest, mainly from those who took advantage of the recent transformed of the company which has yet to stabilize.
Volume remains active where buyers and sellers were on par with almost a 50:50 ratio. It is obvious that buyers were on a more passive note where they defended the stock well above 31 cents with little effort. Heavy T4 force selling amounted to around 5m shares were noted during the last 20 minutes but the bull walked out the arena with its head held high.
It's a healthy correction given the facts that Vivocom initiated its 2 weeks bull run since the end of March with a 27% gain.
Based on the daily charts, the declining of the volumes with retracement in price suggest that the bull is taking a rest while waiting for another run up. The tacticians behind the bull were brilliant today. It is obvious that the bear has run out of stream and momentum and it might be their last punch today before throwing in the white towel.
The very much anticipated 1st quarter earnings results shall drive the price up in coming weeks as solid performance shall be reported and given the contracts and concrete projects that are already on hand, Vivocom is expected to beat the analysts estimates hands down.
67c target price of a tier 1 bank suggest that it is just the beginning of all the good things, not the end. We suggest that the night is still young for Vivocom.
VIVOCOM closed unchanged at 30.5 sens after a late wave of selling linked to T-4 forced liquidation dampened values.
Total volume was at 34.25 M shares, the lowest in eight days. A confirmation of the fact that selling pressure has started to fizzle out.
Technically, the immediate price outlook stays neutral-to-friendly with the prospects of further consolidation trading in sessions ahead.
Current prices are providing good opportunities for longer term investors to build up positions before the release of the 1st Q PAT results, viewed by many as a price-moving number.
The weekly Quantitative Algorithm signals which shows the trading signal for the longer term continues to indicate that the mid-term would stay constructive.
Let us look at VIVOCOM afresh through the eyes of a market strategist.
Prices made a new-2016 high at 33.0 sen last week and then corrected lower on light profit-taking selling.
At these levels, I believe the smart-money is busy accumulating.
Prices are now boxed for three days in a tight trading-range of 30.5 to 31.5 sen.
How long would this meandering kind of trading last? I cannot tell.
It could be days or even one week.
What direction would the next price big-move be after the consolidation period, I think I know!
During late-February 2016 till today there were four similar chart boxing configurations. (See chart 1, 2, 3 and the latest one which is 4).
The earlier three price consolidations phases lasted for one week to two weeks.
The price of VIVOCOM surged upwards strongly upon completion of the consolidation phase. See chart 1,2 and 3).
My technical guess tells me now that the current price congestion at (4) would take the same course upon its completion.
The latest price congestion (4) has lasted four days and has not given any indication that it is completed.
A sudden increased in daily volume
accomplished by an upward break above the 32.0-32.5 levels would signal the resumption of the bullish momentum of the 3-wave that could take values to 36.0-38.0 levels.
The 4-wave would see prices lifted higher to test the 43.0-46.0 levels and to be followed by the 5-wave fueled by irrational exponential exuberance that could send prices into uncharted territory at the 58.0-60.0 sen. See chart.
On the fundamental front, there are all kind of bullish possibilities ahead of the release of the 1st Q PAT results due on May 16.
The marketplace guesstimates is now calling 17.0-17.5 M for the Q1 PAT.
An eventual number at 18.0 M would be considered bullish.
Anything at 19.0 M or higher would be viewed as extremely bullish and would provide the impetus to trigger off some very aggressive buying.
There are also possibility of fresh contracts to boost up VIVOCOMs order books.
Under such circumstances, the fundamental picture would turn very positive and alter the the entire price picture for the future.
In short, both the fundamentals and technicals of VIVOCOM remains solid.
We are actually in a 'calm before the storm' and when it strikes, like a twister-tornado would suck prices higher.
VIVOCOM saw the emergence of active buying-interests that lifted prices to it 1016-highs of 33.0 sens.
Traders were attracted to take up buying positions due to strong market expectations that it's Q1 PAT expected in a couple of days would far exceed all expectation.
Traders said that a profit number exceeding RM 17.8 million would be viewed as bullish and a figure exceeding RM18.3 would has a very significant bullish impact on near-term prices.
Volume was thin at 26.51 M shares.
Buyers were clearly the aggressors this morning
Having paid up and took 18.19 M shares from sellers asking prices.
As an Quantitative Algorithm Analyst, I am impressed by what I am seeing now as prices attempt to break into new-highs and uncharted territory.
The QA signals are in bullish divergence and showed that the underlying strength of VIVOCOM sufficiently strong enough propel prices into fresh territory very soon.
VIVOCOM tested and inched above it 2016-high at 33.0 sens and closed at at 33.0 sens, up 0.015 from previously.
Total volume today was moderate 64.05 M shares.
Buyers were the aggressors today as they booked sellers on 64.3 % of today's trades.
With prices now at their best levels in 2016 and the effortless manner in which prices advanced, meaning low liquidity driven, traders were drawn into market today in anticipation of further advances in days to come.
The chart-picture is now significantly altered and look very constructive.
It points to the start of a new trading phase that would lift prices into fresh-highs to complete the highs of the third-wave at 37.0-38.0 sens levels.
This would be followed immediately by another spurt-up to establish the fourth-wave of the five-waves bullish trend at 44.0-46.0 sens levels.
The fifth-wave would very likely be accompanied by irrational exponential exuberance in price movements and that volatility would lift prices higher into 58.0-60.0 sens levels in the not too distance future.
The bullish fast-train is now on track and it makes no sense to sell or to take profits.
I for one would look to add on more positions.
At current price, not a single VIVOCOM investor or trader has any losses to show in their books.
Every investor is riding on very comfortable floating-profits.
Why sell? Savvy investors would ride the trend until its completion!
Meanwhile, the powerful and reliable Quantitative Algorithm trading signals are bullish and signaled that the upward rally has just begun.
Let us look at VIVOCOM (stock code: 0069) afresh through the eyes of a market strategist.
Prices made a new-2016 high at 33.0 sen last week and then corrected lower on light profit-taking selling.
At these levels, I believe the smart-money is busy accumulating.
Prices are now boxed for three days in a tight trading-range of 30.5 to 31.5 sen.
How long would this meandering kind of trading last? I cannot tell. It could be days or even one week.
What direction would the next price big-move be after the consolidation period, I think I know!
During late-February 2016 till today there were four similar chart boxing configurations. (See chart 1, 2, 3 and the latest one which is 4).
The earlier three price consolidations phases lasted for one week to two weeks.
The price of VIVOCOM surged upwards strongly upon completion of the consolidation phase. See chart 1, 2 and 3).
My technical guess tells me now that the current price congestion at (4) would take the same course upon its completion.
The latest price congestion (4) has lasted four days and has not given any indication that it is completed.
A sudden increased in daily volume accomplished by an upward break above the 32.0-32.5 levels would signal the resumption of the bullish momentum of the 3-wave that could take values to 36.0-38.0 levels.
The 4-wave would see prices lifted higher to test the 43.0-46.0 levels and to be followed by the 5-wave fueled by irrational exponential exuberance that could send prices into uncharted territory at the 58.0-60.0 sen. (See chart.)
On the fundamental front, there are all kind of bullish possibilities ahead of the release of the 1st Q PAT results due on May 16.
The marketplace guesstimates is now calling 17.0-17.5 M for the Q1 PAT.
An eventual number at 18.0 M would be considered bullish.
Anything at 19.0 M or higher would be viewed as extremely bullish and would provide the impetus to trigger off some very aggressive buying.
There are also possibility of fresh contracts to boost up VIVOCOM’s order book.
Under such circumstances, the fundamental picture would turn very positive and alter the the entire price picture for the future.
In short, both the fundamentals and technicals of VIVOCOM remain solid.
We are actually in a ‘calm before the storm’ and when it strikes, like a twister-tornado would suck prices higher.
Green Ventures是这块地皮的发展商，而在意向协议书（HOA）下，该公司委任VESB成为主要承包商。后者需在该项目推出后的2年內完成建筑工作。
该合约內容包括建筑架构及基建，以及相关工程。双方將在6月1日签署最终协议。
「这项合约预计將为公司未来盈利带来正面贡献。」
Type
Announcement
Subject
OTHERS
Description
VIVOCOM INTL HOLDINGS BERHAD ("VIVOCOM" OR THE "COMPANY") (Formerly known as Instacom Group Berhad) - APPOINTMENT OF VIVOCOM ENTERPRISE SDN BHD AS THE MAIN CONTRACTOR FOR THE DEVELOPMENT ON BATU 10, CHEPOR, MUKIM HULU KINTA, DAERAH KINTA PERAK (PROPOSED DEVELOPMENT)
The Board of Directors (“the Board”) of Vivocom is pleased to announce that on 26 April 2016, Vivocom had vide its subsidiary company, Vivocom Enterprise Sdn Bhd (“VESB”), entered into a heads of agreement (“HoA”) with Green Ventures Development Sdn. Bhd. (“Green Ventures”) (“the Parties”) to be the main contractor for the development on Batu 10, Chepor, Mukim Hulu Kinta, Daerah Kinta. The land measuring 3.11 hectacres is to be developed for mixed development purposes (“the Project”). Subject to the execution of a final agreement, Green Ventures will appoint VESB as the turnkey contractor for the Project at an estimated contract value of approximately RM90.0 million (Ringgit Malaysia Ninety Million) (“the Proposed Development”).
The terms of the HoA are not exhaustive and are expressively “Subject to Contract” until a final written agreement has been entered into. Perbadanan Setiausaha Kerajaan Negeri Perak Darul Ridzuan (SSI) is the legal and beneficial owner of the vacant land held under Batu 10, Chepor, Mukim Hulu Kinta, Daerah Kinta, Perak.
Please refer to the attachment for additional information.
Vivocom (MYR0.315): Securing ~MYR600m new jobs YTD
Vivocom’s 78.6%-owned indirect subsidiary, Vivocom Enterprise S/B (VESB), entered into a heads of agreement (HoA) with Green Ventures Development S/B to be the main contractor for a mixed development project on a piece of 3.11 ha land in Hulu Kinta, Perak. The estimated contract value is approximately MYR90m.
Green Ventures was appointed as the developer for this project which has a GDV of MYR112m. Under the HoA, VESB will need to complete the construction of the whole development within 24 months after the launch.
Assuming a construction GP margin of 14% (FY15: 14.3%), this project could contribute MYR9.9m to its gross profit into FY18 (for its 78.6% stake).
Vivocom has secured about MYR598m new jobs YTD, forming 20% of the street’s MYR3b new job win assumption. It is widely believed that Vivocom will benefit from China Railway Construction Corp (CRCC)’s exposure in the domestic construction space. The street expects Vivocom to benefit from CRCC’s participation in the Gemas-Johor Baru double-track rail project and the Mentakab-Kuantan rail project.
Against the backdrop of strong jobs pipeline, the street is forecasting a 3-year 153% EPS CAGR for FY15-18. Brokers are bullish on the stock. There are two Buys with a mean target price of MYR0.68.
At current price, the stock is trading at 14.3x consensus FY16 EPS of 2.2sen but a more compelling FY17 PER of 5.3x. Key parameter to monitor is the value of new job win which is crucial to confirm the bullish expectations on the stock.
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