Monday, May 13, 2013

Stocks To Watch

The market has been trying to fill the gap to its recent high. Local investors are putting their money to work. The prevailing themes are still oil and gas and Iskandar as expected. However we cannot be buying each and every share that moves. Here are a few for your consideration. Nobody should be bitching about the price chart trend, of course its up already. No point looking at laggards, not their time yet plus the market has not reached a level whereby we should be looking at laggards yet.

Hiap Teck - Good volume formation.

Wah Seong - This one got some legs even though the spike has been significant. Instead of looking at the beneficiaries of marginal oil fields contracts, one should really look at pipe coating specialist such as Wah Seong, under the radar for too long.

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