Target Invest - We Target, We Invest
Remember to WATCH and GORENG this today. Down side risk minimal, upside potential 100%. Black Horse for 2019 is waiting for you.
Dear all reader, trader and investor,
I would want to share a very potential company in 2019, because technically, it is now very low, and the earning prospect is good. As in order to profit from investing in share market, it is about buying low selling high.
Now MIECO is at the very low price. At the price of 30 cents now with solid business around the world, and NTA of RM 0.72 a share, this share should have what it takes to move forward in 2019.
Firstly, very good technical position and outlook.
This is MIECO 1 year chart. 1 year ago, it is trading at 70 cents region. Now the share price had come to a region where it will see a technical break out from the long term down trend line.
There is very high chance that MIECO will break up from this resistant and form a upswing.
The good entry price can be timed at RM 0.31 to RM 0.32 which is right on the break out point.
The bollinger band of MIECO also pointing to a bollinger break out from a bollinger squeeze.
Technically, MIECO is very attractive
As long as the company is having a good business, everything is a cycle. Just like commodity, property, construction and oil and gas industry. The timber / chipboard industry should be heading for an upward run now because the bad season is over.
Second reason - Major natural disaster in 2018 will provide additional demand
As you can see, there are a lot of costly and deadly natural disaster happening in 2018, all of them nearing the end of 2018. From Japan, Taiwan, Hong Kong and until USA, these natural disaster cost USD 160 billion alone in 2018. If you think it another manner, that would be USD 160 billion of opportunity splashed out in rebuilding effort, which can benefit sector like timber industry where furniture is to be replaced, and houses to be rebuild.
Thirdly, a bonus from Malaysia government - Foreign worker levy to be lowered starting March 2019
KUALA LUMPUR: The government has agreed to temporarily lower the extension levy fees for foreign workers in five sectors for a one-year period effective March 1.
Finance Minister Lim Guan Eng said the reduction in levy fees between RM1,500 and RM4,000 involved the manufacturing, services (for restaurants and cleaning), construction, agriculture and plantation sectors.
Announcing the levy reduction in a statement, he said the Cabinet made the decision during a meeting on Feb 20 to lessen the burden of employers.
The new levy will start from March 1, 2019 to Feb 29, 2020. For the manufacturing sector it will be RM6,000, services (RM6,000), construction (RM6,000), agriculture (RM2,000) and plantation (RM2,000).
That is 40% reduction for manufacturing sector (Previously is RM 10k), which is a lot of saving for a labor intensive company.
Conclusion summary on MIECO
1. Technical outlook very good - Break out from long term resistant and bollinger breakout
2. 2018 natural disaster cost USD 160 billion, good demand to timber for rebuilding
3. Foreign worker levy in manufacturing lowered by 40% (RM 10k to RM 6k), huge cost saving to employer
So, if you are a smart trader, this could be your good chance to think MIECO now. Price low, potential high, prospect good. Company not yet kena goreng, open market shares got good liquidity. So let's open the wok and goreng goreng season.
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Discussions
Be the first to like this. Showing 43 of 43 comments
Base on its Asp, USD vs Myr and log price. It still has another loss making q. Terrible yoy. It will like Lay Hong. Goreng up and cabut. See what is my comment about Lay Hong before announcement of its results:
Stock: [LAYHONG]: LAY HONG BHD
Feb 25, 2019 04:09 PM | Report Abuse
Small profit, I think. Better qoq but worse yoy. Below 0.40 after the results.
2019-02-26 06:36
So many M,later mahathir people also come and support one la..
Better goreng fast.
Break out.. boo.
2019-02-26 08:53
To retest 24 cents after quarterly report coming tomorrow.... Recorded bug loss with extremely poor industry outlook
2019-02-26 09:20
The capacity underutilized experience by the industry is expected to last for another 2-3 years
2019-02-26 09:21
Wait and see.... Extremely poor result to be released...... Evergreen, hevea... All in the same trend..... But they still got profit... Unlike mieco... Recorded in big red!!!
2019-02-26 11:35
Losing 30% is unavoidable in the next several days if you buy now when quarterly report showing RED RED colour!! '
2019-02-26 11:39
although there is natural disaster, but Japan import more timber from China....lol
2019-02-26 11:45
Everyone sell because. Fear of bad Qr. Any good QR will rebound back
2019-02-26 11:50
Despite Aturmaju also selling timber stuff...but how much contribute from timber sales...according to page 19 major revenue contribute by ARP Development Sdn Bhd involving in carrying reselling ERP software system...99% revenue from that...1% from timber?
2019-02-26 15:13
It is better go to genting bet rather put your hope on red ocean stock!! '
2019-02-26 18:22
Expected the red results in the next 2 years due to excessive capacity in the industry against weak demand... Cut throat pricing will be accelerated from now and onwards..
24 cents is coming...
2019-02-26 18:55
The nine-class promoter in i3 forum.
https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5001
2019-02-26 19:56
Apa lagi boleh apa macam. Cut loss and run and ban this sohai forever laaa.. lousy mieco.
Go back to my johotin and hug till rm2 ah!!
2019-02-26 21:06
Kukujiao punter. Today volume 5000 lot also tak sampai..
U faster bring 20m to johotin esok..
2019-02-26 21:06
This black horse mieco is infected with virus.. jahat jahanam!!! SYF management all jiaksai one
2019-02-26 21:08
Aren't you the guy who was putting his seatbelt on and pumping money into opcom? Right into disastrous results this quarter?
Any reason why we should trust targetinvest this time?
2019-02-27 07:37
Sorry, never mind. Forget that. Target invest you should stop investing in holland stocks.
I was once very much like you.
https://klse.i3investor.com/blogs/phillipinvesting/188844.jsp
2019-02-27 07:40
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Investor 999
Ok I will buy 10mil shares and push up the price for you today.
2019-02-26 06:18