There is no stock that passed through both the superstock technical and fundamental screen this week. Marine Products Corp (MPX) is ...

Weekly Superstock Scan 21 Nov- 25 Nov 2016: Nil

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There is no stock that passed through both the superstock technical and fundamental screen this week.



Marine Products Corp (MPX) is a familiar name that was mentioned 3 weeks ago in my superstock scan post. I stated that even though MPX passed the technical scan, the catalyst was an increase in tender price to $9.64 and price is unlikely to move above $9.64. MPX proved me wrong this week as price closed at $10.68, creating another breakout from a base. Despite that, I am going to stick to my call and not consider MPX as a potential superstock since there is not new catalyst since my earlier post.
 
On the Singapore front, Yamada Green Resources Ltd (SGX: BJV) passed the technical screen. A lack of catalyst coupled with a few SGX queries quickly ruled the stock out as a potential stock.

This is the end of a short update and till next week, folks.




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