Week (26 May 2014 - 30 May 2014)

The final week of May 2014 has finally closed in Singapore equity arena. We have finished running our data for this week and two counters are within our radars. One of it is already in our portfolio.

They are "OJ4" and "5MS".

5MS - We were looking to dump it at 0.018 - 0.019 this week but price action did not come through. Thus, we will continue our holdings till emergence of desired price to let go.

OJ4 - Heavy overall volume movements throughout the week with the highest volume traded on Friday, 30 May 2014 at 99,131,000 shares exchanging hands. Price closed higher at each closing day. From 0.058 on Monday, 26 May 2014 and 0.067 on Friday, 30 May 2014.

Conclusion:

We are not increasing our holdings with "5MS". For "OJ4", the attraction is there. We will start to run the financial numbers on "OJ4" before deciding on any buy in.

A quick look on what is "OJ4" is all about, they were known as Contel Corporation Limited" before their current identity "W Corporation Ltd". They are an investment holding company, ODM and OEM for electronic products and gaming peripherals for Wii, xbox 360 and play station 3 (PS3). Its home digital entertainment products include blu ray and digital versatile disc (DVD) players, and liquid crystal display televisions (LCD TVs). It works with Best Buy, Target, Carrefour, Harmonix Music Systems, Polaroid and Memorex.