EQUITYOPPORTUNITY: Indices look set to go for (maybe one last) blowoff run...

Some S'pore stocks look interesting...

Firstly, Datacraft's stock price has meandered between 75c and US$1.30 for the last three years, even as the company's order book, balance sheet and profitability has improved. It looks set for a big breakout that will finally take it towards US$2.00 nad perhaps beyond.

I still recall fondly selling all my holdings for US$1.82, just four ticks from what turned out to be the high for the last five years. That was back when the US Dollar was trading at S$1.72. Now it has fallen to S$1.51 and the stock has fallen back to US$1.16. If I held on till now, my 'loss' would now be S$5,300 and that's not counting the time value of money.

The base-building seen in the chart should pay off soon if one is vested at US$1.20 or lower.

In Malaysia, Perstima stock is resting atop its 30- day moving average, promising good things to come. This company has a near monopoly on tin-plate production and has been transformed, via restructuring,from a atrociously-managed company whose stock is highly speculative, to a well-managed focused business, with a low free-float, and has become heavily insider-held.

If you are betting on another boom in IT-related stocks a la 1999, albeit on a smaller scale, look at Mesiniaga, whose stock touched a zenith of RM18.90 in the dot.com heydays.

Now, it's trading at close to its NTA, with the low volume indicative of the unwillingness of majority shareholders to sell at these absymal prices.Net profit fell 10% in 2006 compared to the previous year, far smaller than the plunge in its share price.

Eng is anther IT-play that I'm buying into. It rose 4c to RM1.85 on Friday and now has a bullish chart.