Tuesday, July 15, 2014

KLSE stock - Ivory

While going through some malaysia stock using our ART system ,i came across a property counter call Ivory, we have see big volume and price movement in April that could be sign of big player accumulation. Now price has fall back to the support level, we see this as a good entry setup as previously the price bounce off this level. At 0.61, it is now very near to our support and also cutloss point (0.59 or lower) First Target price at $0.67, follow by $0.78

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Ivory Properties Group Berhad is a Malaysia-based investment holding company. The Company's subsidiaries are principally involved in property development and property management, including construction of apartments, condominium, semi-detached and bungalow homes, boutique gated communities, retail and commercial lots, and other related activities. It also operates a service restaurant under the brand name Marry Brown. The Company's projects include Tanjung Park, Plaza Ivory condominium, Plaza Ivory commercial building, Palace Hill, The View, Birch The Plaza, Penang Times Square, Zen @ The View, Moonlight Bay Villa & Condovilla, 10 Island Resort and Aston Villa. In September 2011, the Company incorporated a subsidiary Soju Entertainment Sdn. Bhd.

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Latest Headlines
03/07/2014 Ivory seeks amicable deal, wants recognition of interest in revival of Plaza Rakyat
01/07/2014 Ivory Properties still in talks with Plaza Rakyat developer on pact extension
01/07/2014 PublicInvest Research Headlines - 1 July 2014