Reflections on Volume

Big volume without further upside equals distribution
Big volume without further downside equals accumulation

Volume tends to peak at turning points
Volume often precedes price movement
Volume is a relative study


Tuesday, January 19, 2010

MMC Corp (2194.KU) at Trading Buy

OSK Research keeps MMC Corp (2194.KU) at Trading Buy with unchanged MYR2.95 target. "Our earnings forecasts are largely unchanged as higher earnings from Gas Malaysia and Malakoff are offset by poorer margins at Port of Tanjung Pelepas and the double track project," says analyst Chris Eng; adds while MMC's long-term prospects remain good given its dominance in Malaysian infrastructure, house still hopeful of contract award to spur short term sentiment. Stock last flat at MYR2.38. (ECH)

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