Penguin, Pine Agritech & Stratech

Penguin
Penguin announced on Friday after trading hours on the deferment of the proposed demerger of Penguin Shipyard from Penguin Group until the New Board(SESDAQ) is established and the rules and regulations established. They also announced a special interim dividend of 2.5 cents per ordinary share, payable on 28 Nov 07. The dividend represents a 10.5% yield over my average purchase price of 23.8cents! I expect, despite the plunging of DJ on Friday, strong trading volumes for this counter and a higher price than Friday's closing price (at least 2.5 cents higher).

Pine Agritech
This counter went up to a high of 62.5 cents on 15 Oct and closed at 52.5 cents on Friday. Support is at 51 cents and short-term resistance is at 56 cents. I expect sideway movements in the weeks ahead. If the counter is able to close consistently at higher than 56 cents under strong volumes, the next resistance level is set at 60 cents.

Stratech
The company reported a gross profit of S$151k for the first time, turning from red to black. This is a piece of positive news for this counter and is bound to attract interest from investors. I expect trading volume for this counter to surge as well as its price to increase in the near term.