The stock rebounded from 40 cents all the way up to the current 55 cents (a whopping +37.5%) and analyst reports plus news started to show with the latest newly acquired order book of nearly RM 3 bn. The stock price gets a huge lift from this news and we unlikely to see the 40 cents area for quite awhile.
You can have a look on the write up by DBS talking about the new contract.
We think that the price had yet to bottom even though you see a sharp rebound from 40 cents over the last few days. A few points to look at…
There are just too many factors pointing the stock downwards. We recommend investors who follow us not to get involved although it seems that it is time to buy SAPRNG with the recent rebound.
If you look at the chart, this isn’t one chart that would turn upwards quickly. At least see a reverse head and shoulders before entering.
If you buy at 40 cents and it goes all the way up from here, you are a hero. Nevertheless if our conviction of a lower price possibility in the coming months then you might regret not selling it now!
Like our page to get more these https://www.facebook.com/omightycap/
Make the next post easily visible from your Facebook!
You can visit us at http://omightycap.wordpress.com
Chart | Stock Name | Last | Change | Volume |
---|
wah....tis qr really bad...kena tipu follow IB tp rm1.11.... please dont giv analysis or tp anymore lar....all koyak one...
2018-03-28 13:52
this company, huge EBITA huge contracts won....go and huge impairment of Fixed Assets....but no impairment of Goodwill on consolidation.
Nothing makes sense, company playing games with accountants and analysts.
2018-03-28 16:54
hng33
Ok, noted with risk and reward, will now wait for Sapura result to come out next week to have better judgment before re enter back again. thank for sharing.
2018-03-22 18:56