Many emailed me asking me how did I foresee that small cap counters would suffer such setbacks. Truth to be told, I am none the wiser. Except, past experience has taught me to be cautious. In all honesty, KLCI is still in need of a proper correction and major profit taking as it has been on the upwards trends since the oil plunge in end 2014. ___________________________________________________________________________________________
Contra Picks: None
I remain cautious with small cap counters. Please trade carefully and observe the movement before entering.
Short Term Picks: Insas (TP RM1)
I like Insas for many reasons. From its wide range of holdings in fundamentally sound companies such as Hohup and Inari, to its own fundamental value and low PE ratio of x7. I will choose to buy in on weakness and hold till the market rebounds.
Mid Term Picks: Gadang (TP RM1.96)
Gadang broke the support of RM1.50. This is not an alarm to panic but offers only further opportunity to scale in. Look for good entry price to enter. not new to many.
Long Term Picks: Signature International (TP RM3.00)
Signature International was making headways as I posted my weekly update on Monday. Since then, due to the retracement of small and mid cap counters, it has went back to the original price of RM2.32. I will look for a good time to enter. Monitor for potential entry.
Food for thought: Contentment is not wrong in a time volatility!
May good fortune come your way!
Disclaimer: This is not a recommendation to trade. It is merely the expression of the author's personal opinion and shall not be held responsbile for potential gains or losses executed by readers.
Created by tradeview | Oct 18, 2021
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