Attack IJMLand 4 Jan - 3 Pocket Theory

Based on my 3 pocket analysis,
On Monday, IJMPLNT peaked at RM3.15, warrant peaked at RM1.35.
Tuesday, IJM peaked at RM4.40, warrant peaked at RM2.80.  Heavy selling seen on 11am with high volume.  Big buyers are switching their funds by locking in the next IJM counter by afternoon.
Wednesday, IJMLand and Wa will fly in the the morning.

Afternoon Session, IJM seems experience mild rebound from heavy selling of fund switching.

Comments: -  IJMLand seems stable at 2.85, day trader profit take at late afternoon.  IJMLand warrant stabilizes at 1.58, IJMLand Wa should experience a boom from fund switching of IJMLand.

OSK Research ups TP for IJM Corp to RM6.60

KUALA LUMPUR: OSK Research has raised its target price for IJM Corp to RM6.60 (from RM6.31 previously) after the company last Friday announced that it had won a RM461 million contract for Phase 3 of the Platinum Park development by Naza TTDI.

'Its job wins so far into FY11, totaling RM1.84 billion, have beaten our RM1.5 billion target. Potential jobs in the pipeline include high-rise buildings in KL, Kelau Dam, West Coast Expressway and LRT packages.

'We keep our FY11 earnings unchanged but raise the numbers for FY12-13 by 1%-6%. Maintain Neutral call on IJM given the limited 5.2% upside.