Chart : GPA daily chart as of 13 Aug 2014 (source: ChartNexus)
GPA is another company of the Robert Tan staple. The veteran has made himself quite a center figure lately with the counters that link to him such as PDZ, GBH and Keladi. Another 2 listed companies that link to him are Marco (with the famous Casio watch franchise) and GPA. GPA has been trading higher since early this year from around 8 sen to close at new high of 15 sen today. It is a remarkable performance albeit didn't attract as much limelight compare to PDZ. Judging from the chart, base on my 2nd Wave Anticipation concept (do refer to my previous posts : Second Wave Anticipation , Second Wave Anticipation II) I believe the counter will stage for another run after it broke it previous peak of 14.5 sen. Until this point, there is no obvious catalyst announce for this counter but judging on the recent restructuring of the tycoon business, there may be something on the card. RTO, assets injection and any other kind of corporate news might be the silver lining in this counter. Do keep an eye on it. I believe something is brewing. May be pork chop (as GPA in cantonese) could turn into to a steak!
Chart : Marco daily chart as of 13 Aug 2014 (source: ChartNexus)
Aside from GPA, Marco also another Robert Tan's counter that worth to take a look. The counter's price has trending up nicely from May 2013. Currently the counter trades at 19 sen which is just below its previous peak of 20 sen. There could be another good run if the stock able to break its 20 sen mark.
Certainly, there could be much more to come from Tan Sri Robert Tan.
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