Being in the market at all times is not the key to profits. Being in the market when there is a clear, unconfused technical signal during a strong market, and the trader's judgment is not swayed by emotion, is a method for trading success. No matter how good the fundamentals and technicals are, stocks will have a high risk of failure during weak markets.
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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