Upcoming boom 2010: Furniture market
Yesterday, an insider said that there will be tremendous up in furniture market. It is somewhat true while the market is 216 Up and 446 Down, the Furnitures had beaten up the market.
Big wonder while LCL is treated under PN 17 company but still being a favorite buy among investor.
From the above graph, MACD indicates Bullish Centerline Crossover (BUY), while Slow Stochastic drop from overbought 70. Cannot wait until it drops to 20.
Another upcoming competitor is Homeritz. Homeritz’s IPO involves the issuance of 9 million new ordinary shares and offer for sale of 35.02 million vendor shares at 65 sen apiece.
Homeritz RM0.65, listed on Feb 19.
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