As you can see Dayang share price has gone up from 60 sen to Rm 1.71 within 7 weeks because it reported increasing profit in last 3 consecutive quarters. Its last quarter ending Dec 2018 was 10.13 sen and its coming quarter EPS should be higher than 10.13 sen.
The 3 financial institutions have downgraded Dayang from buy to sell because the price has shot up too rapidly. As a result, the price dropped 24 sen with only 36 million shares changed hands which indicates relatively few people wanted to sell. Of course, some novice shareholders were shocked to see the price dropped like a bomb.
However, all the 3 financial institutions, including Mr Ooi Teik Bee and I agree that Dayang’s profit for 2019 should be better than 2018. If you are a serious long term investors, you just sit tight and do nothing.
Many people have asked the following questions:
It is very difficult for me to give my advice because I cannot be sure that the price will not continue to drop. Moreover, I do not know your financial position and your risk appetite.
If you are not a short-term day trader, my advice is to do nothing and if you have some more buying power, buy some more as soon as the price starts to change from down trend to up trend.
On the other hand, if your average cost is low, you may like to sell some to take some profit and take the chance of buying back at cheaper prices. But you have to take the risk that the price might start to go up at any time tomorrow.
I wish I have a crystal ball to be able to tell you the future.
In fact, I would like all these 3 financial institutions to openly declare if they have Dayang shares and whether they are using this devious trick to buy some more shares at cheaper prices.
Chart | Stock Name | Last | Change | Volume |
---|
Created by Koon Yew Yin | Aug 19, 2024
On 14th Aug 2024, I posted my article “Why people are rioting across UK”. Now I want to tell you why do people riot?
Created by Koon Yew Yin | Aug 19, 2024
If I knew politicians are so well paid, I should have been a politician. A few days ago, one old friend who migrated to Australia about 40 years ago, visited me. He told me that he was a Member of P..
Created by Koon Yew Yin | Aug 14, 2024
Riots have spread across numerous cities and towns in England, and in Belfast in Northern Ireland, over the last week in the worst outbreak of civil disorder in Britain for 13 years. Police have ma...
Created by Koon Yew Yin | Jul 30, 2024
The new poll, conducted between July 22-24 and released Sunday, found that Harris’s approval rating had surpassed Trump’s in Wisconsin, Pennsylvania, Minnesota, and Michigan. In Michigan, Harris was..
Created by Koon Yew Yin | Jul 30, 2024
As you can see below, a few people are using my name to promote sale of Initial Public Offer (IPO) shares before and after listing on Bursa Malaysia. You should not buy IPO shares because statistics..
Created by Koon Yew Yin | Jul 23, 2024
The most important criteria for share selection are technical analysis and financial analysis. The price chart below shows that KSL's share price has been going up from 88 sen to above RM 2.13...
Created by Koon Yew Yin | Jul 22, 2024
Recently one smart accountant pointed out to me that KP Property has millions of Redeemable Convertible Preference Shares (RCPS). This will affect its share price. I sold all my KPP shares to buy KSL.
Created by Koon Yew Yin | Jul 15, 2024
Currently Bahasa Melayu is taught in all Government sponsored schools. Bahasa Melayu is only good within Malaysia. All our overseas customers do not know Bahasa Melayu. I hope all our politicians...
Created by Koon Yew Yin | Jul 09, 2024