Batu Kawan

Batu Kawam (stock code 1899) is a dividend paying stock for many years continuously. For year ending 30th September 2017 the total dividend paid  is 60 cents per share.

Share price is currently downtrend closing at 17.36 on 3rd August 2018.

Divergence between MACD (up) and price (down) appears, as shown on the chart above.

There could be a reversal of trend soon. So watch out.

Batu Kawan issued 435,951,000 shares and so far has bought back its own shares amounting to 35,274,531 shares ( about 8.09% of issued shares) to be kept as treasury shares.

What are they (directors) going to do with these treasury shares? They can be sold back to the open market, cancelled them (thus reducing the shares issued) or they can distribute to existing share holders as dividend in specie.

AWC

AWC is listed in BursaMalaysia. The chartnexus chart of AWC (stock code 7579) shows obvious downtrend. On 18 July 2018  its closing price is 65.5 sen,

There is a divergence between price (down) and MACB (up) . Divergence usually suggests that its price  decline may come to an end and reversal of trend  will soon kick in albeit not immediately but imminent.

CIMB Research on 25 June  2018 put a target price of RM1.00. On 19 June 2108 AWC hit the lowest price of RM0.60 .and thereafter traded above this lowest price, showing some support currently.

Is this a good opportunity to accumulate? You decide.