Mr Ooi Teik Bee has been teaching charting for many years and he believes price chart is more important than financial analysis. All smart investors must believe in price charts because price charts cannot lie. The daily price of any share is fixed by investors. If buyers are more than sellers the price will go higher. If buyers are less than sellers the price will drop lower. Never buy down trending shares because the price will continue to drop. Always buy up trending shares because the price will continue to go higher and higher.
Dayang price chart
Carimin price chart
Uzma price chart
From the above price charts, you can see that Dayang has gone up from 50 sen to close at Rm 2.50 within 1 year. Carimin has gone up from 50 sen to close at Rm 1.29 within 1 year. Uzma has gone up from 60 sen to close at 99 sen within 1 year.
These 3 price charts show that there are more smart investors buying Dayang. Only stupid or foolish investors will buy Carimin and Uzma instead of buying more Dayang.
I have been searching for another stock with similar quality as Dayang in vain. I just cannot find one!!! As long as there is oil Petronas will continue to pump because Petronas has already paid for cost of the oil rigs. If you Google, you will know that the cost of 1 oil off shore rig is US$ 650 million. It is like a floating city.
I cannot find another stock that complies with my share selection golden rule of 2 consecutive quarters of increasing profit. Dayang 1st quarter EPS – 0.47 sen, 2 quarter EPS 5.7 sen and 3rd quarter EPS 11.1 sen. It is safe to assume its 4th quarter EPS is the same as its 3rd quarter of 11.1 sen. Its annual EPS will be 27.5 sen. Assuming it deserves to sell at P/E 12 the minimum price should be Rm 3.30 per share.
I am very confident its profit for next year will be more than this year because the company has already resolved its financial constrain by its recent right issues.
Chart | Stock Name | Last | Change | Volume |
---|
2024-08-23
DAYANG2024-08-23
DAYANG2024-08-23
DAYANG2024-08-23
DAYANG2024-08-22
CARIMIN2024-08-22
DAYANG2024-08-21
UZMA2024-08-21
UZMA2024-08-17
DAYANG2024-08-16
DAYANG2024-08-16
DAYANG2024-08-16
DAYANG2024-08-14
UZMA2024-08-14
UZMA2024-08-14
UZMA2024-08-14
UZMA2024-08-14
UZMACreated 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