Expect Jaya Holding to pull back base on chart pattern.
http://mystocksinvesting.com/singapore-stocks/jaya-holding-expect-to-pull-back/

 

 

Sorry, is it 0.79 or 0.89 which you are referring to? If it is 0.89, then it is still "in time" to buy this counter.

operation_pesb      ( Date: 10-Apr-2010 15:28) Posted: hmmm. i think the gap at 89 cents will be closed soon. Hope this shipping counter stays on its course.

 

hmmm. i think the gap at 89 cents will be closed soon. Hope this shipping counter stays on its course.

 

Yeah, very strong buying interests by investors. The global economy is picking up, and shipping industry will follow as well. Any idea what is the target price or fair value of this counter?

lynn89      ( Date: 10-Apr-2010 00:52) Posted: Jaya is a great turn-around story. Should be heading higher. Strong buying interest by investors !!!

 

Some recent news , which would explain Jaya's recent stock performance.

[b]Anchor handler Jaya Achiever sold[/b]
March 11, 2010

Offshore Shipbrokers Limited reports that Polish Ship salvage have bought the AHTS Jaya Achiever (5,150 bhp), which has been renamed Opal.

http://www.oilpubs.com/oso/article.asp?v1=9319



[b]Yinson Holdings Berhad's Yinson Tulip Ltd Proposes To Acquire An Offshore Support Vessel From Jaya Holdings Limited's Airia Jaya Marine (S) Pte Limited[/b]
Tuesday, 30 Mar 2010 06:23am EDT

Yinson Holdings Berhad (YHB) announced that Yinson Tulip Ltd (YTL or Purchaser), a wholly owned subsidiary of YHB, had on March 30, 2010 entered into a Memorandum of Agreement (MOA) with Airia Jaya Marine (S) Pte Limited (AJM or Vendor) to acquire one unit of offshore support vessel (OSV) (Vessel) for a total cash consideration sum of USD20 million (approximately MYR68 million) (Proposed Acquisition). The purchase consideration was agreed pursuant to commercial negotiations between YTL and AJM. AJM is principally involved in ship owning, ship chartering, ship management and ship building. AJM is a wholly owned subsidiary of Jaya Holdings Limited (Jaya) listed on the Singapore Stock Exchange in 1992. The purchase consideration shall be paid with an initial deposit of USD2 million (approximately MYR6.8 million) to AJM within five banking days from the date of signing of the MOA and the remaining balance of USD18 million (approximately MYR61.2 million) shall be paid in full by the Purchaser, free of bank charges, to AJM upon delivery of the Vessel, but not later than three banking days after the Vessel is in every respect physically ready for delivery and the notice of readiness has been presented to the Purchaser. The purchase consideration is expected to be funded via a combination of internally generated fund and bank borrowings. The Proposed Acquisition was entered into by YTL for the proposed expansion of its marine transport services sector (Proposed Business Expansion).

http://announcements.bursamalaysia.com/EDMS/edmsweb.nsf/all/EC8B4312412DC6C2482576F60038F495/$File/Yinson%20Holdings%20Berhad_Announcement%20on%2030%20March%202010.pdf

 

Jaya is a great turn-around story. Should be heading higher. Strong buying interest by investors !!!

 

only one way to find out.

Ask a Jaya staff

aleoleo      ( Date: 06-Apr-2010 09:54) Posted: fishy ..... sth brewing

 

Seems like quite a nice breakout accompanied with good volume. vested at 0.72 at pre-close. Hopefully it continue to soar tomorrow. Jaya Berjaya!  =)

 

Is it still a good time to buy Jaya at today's closing price of 0.72? Any news brewing for this counter?

aleoleo      ( Date: 06-Apr-2010 14:52) Posted: unload with good profits, good luck

 

unload with good profits, good luck

 

lai liao ... action started ... go go go

 

fishy ..... sth brewing

 

ho sei liao, breakout at 0.695 and chiong up to 0.705, now ease abit ... more to come .....

 

Just bought at 0.635, cheong to 0.67 now, quite bullish! Huat ah everyone!