Some of the contruction stock has breakout the technical resistent.
Chip Eng Seng - breakout at 47.5 cents
Lian Beng - Breakout at 34 cents
Will this 2 stock trigger a construction play for the next 2 months?
Koh Brother 215 - will it break 28.5?
Yong Nam 27.5 - Will it break 33 ?
BBR 26.5 - will it break 28.5?
CSC 15 - will it break 20?
Tiong Seng 26 - will it break 28?
Personal Opinion
- If Lian Beng and Chip Eng Seng are able to hold their resistent, one by one construction stock will come into play.
A number of them are established companies with solid balance sheets, such as OKP (target price almost 100% upside) with a dividend yield of about 7% still. The final dividend is 4 cents = 6.25% already based on the stock price currently of 64 cents. Other good ones I like include Yongnam - this one is in play but always have a problem breaking out convincingly.
marcus168, what is yr top picks among the construction stocks? I have held Yongnam and exited at 30 cents last year. Luckily didnt stay too long and hoping for 35 cents. Now my friend is saying Buy YN. What do you think?