Instaco (0069)

Instacom:- Turning bullish n breaking 31c today.

All signs,both fundamental n technical, confirmed UPTREND SURGE!

Rumoured announcement today or tomorrow. Contract Award Over RM220M.

BELOW 30C CAN BUY WITHOUT HESITATION.

Contrarians n Smart money will see buy opportunity. Why not you.

Below 30c is still CHEAP!

Predator Eye-View -- INSTACO

It was an inside-day today!
INSTACO opened the day marginally lower and then moved into defensive trading with prices hovering within last Friday"s narrow range of between 28 and 29 sens.

Total volume today dipped to 34.05 M shares compared to Fridays volume of 58.93 M shares.

The bulk of today's volume were done at 28.5 sens where 27.75 million shares changed hands.

Volume trade at 28 and 29 sens we're relatively moderate at 3.32 and 2.98 M shares respectively.

Overall technical setting of INSTACO at close today stayed friendly and continues to point to the prospects of a firmer trading environment tomorow.
GM

Instacom :- Bullish Uptrend confirmed by strong buying at 29.5c.

UPTREND SURGE beyond 31c looks imminent.

Rumours abound that a big announcement for Project Award of over RM450M will be made after market closed today.

BELOW 30C CAN JUMP IN before the SURGE begins.

Instacom you just simply cannot ignore anymore.

Its solid, steadfast growth as a Giant Construction Company in the making is fast gaining credence.

As the biggest company in the ACE market with superb and sustainable liquidity making it a consistent volume leader in KLSE for several weeks in a row is indeed a rare phenomena in Malaysia.

Buy Buy Buy Buy......

Predator-Eye View - INSTACO

There were some early jittery profit- taking activities today as some nervous players took some money off the table following the shake-out in Tokyo.

The bulk of today's long liquidation selling pressure was well absorbed by bargain-hunting buying and bottom-fishing activities and it sort of resembled 'pouring buckets of water over a duck's back'!

This gave me the change to pick up a substantial amount of marbles at the lower end of the trading range at 28.5 sens.

Announcement at the close today that INSTACO had secured a RM 240 million development project should provide the incentive for players who 'see-money-take-money' to jump back onto the bullish bandwagon.

Trades were done from 28.5 and 30.0 levels on a volume of 50.70M shares.

From a technical perspective, the trading scenario today looks and smell like a typical bear-trap in an up trending market. GMT

Calm returning soon to market.

Instacom on up surge. Our natural support price steadfast n solid at 28.5c.

Anything below will be snapped up as proven yesterday.

Instacom is here to stay n surge upwards to 40c when calm returns.

retail research

Predator-Eye View- INSTACO 21/1/16
Today's trading can best be described as the calm before storm. Traders and investors who are bullish in their outlook took advantage of the softer values to add further buying positions.
The softer sentiment at the Bursa prompted some speculative selling from traders. However, buying-interests persisted all day and absorbed the bulk of the selling volume at 28 and 29 sen .
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A late round of buying lifted values from it daily-lows and settled the day unchanged at 28.5 sen. Volume was slighty higher at 56.87 M shares.
The late round of bullish momentum today suggests the sentiment tomorrow would be stronger.

PREDATOR'S-EYE VIEW -INSTACO 22/1/16

INSTACO finished a quiet and slow session unchanged at 28.5 sens.

Traders were seen to be sidelined ahead of the long-weekend.

A total of 26.03 M shares were traded, of which 24.10 M shares changed hands at 28.5 sens and 1.93 M shares at 29.0 sens.

A forward-looking analysis of the long-term price trend of INSTACO continues to suggest that the upward cycle would continue once the headwinds linked to negative US and Asian markets subside in the coming days.

INSTACO had weather the storm very well the last couple of days.

Presently, it is faced with an overhead price resistance at 30.0-30.5 level. This crucial technical barrier need to be breach in order for the upward trend to expand into new territories.

Watch for a break out next week and join the bandwagon!
GMT

When the bull-run begins, there are two things you can do -- with it or do not get in its way!

1st image- announcement of coneff. Market suggestion to add position as this is 1st project for 2016. Beneficiary of crcc for hsr project
2nd image- instaco share price expected to go up due to hsr and mainboard speculation.

Coneff announcement and co expected to achieve total 3b projects.

If Crcc win double track and hsr it is foreseen that instacom is obe of the beneficiary.

Cimb research in the opinion that instaco is to be revalued as its Pe ratio is 4.3 while industry average is 13.5- a discount of 68%. With the railway contract & mainboard listing factor they recommend to add position and tp is 67sen