With initiation by CIMB at RM3.28 with super TP of RM4.44, plus recent fantastic results, lower Japanese yen, increasing localization i.e. CKD models, Mazda's outsourcing of production to overseas (Mazda is the least exposed to overseas production by percentage as compared to other Japanese automakers) coupled with increasing market share gain by Mazda, all cylinders are firing for BJAuto. We are likely unable to see any significant pullback.

LOL

Up up and away!

JV with Japanese company, fantastic earnings in previous quarter.

With QE in US ending, no additional supply of money into the markets. But but....US is not withdrawing the liquidity, only stop adding. Japan and EU will add QE to more than make up for the QE halt in US. There's still plenty of liquidity around the markets which will support higher valuations. There will be no immediate rush to raise interest rates as commodity prices are dropping, thus lowering raw material and energy costs, esp in US. US energy costs are among the cheapest in the whole world. The only worry now is China and China is a black box. Face is the most important in China and the China govt will come up with anything to cover all the discrepancies happening inside. So, dunno where the next crisis will blow up, but it's not something that we can predict. In the meantime, keep invested but with more caution. BJAuto will continue to outperform the industry with greater localization and increasingly popular Mazda models which have superior design compared to other marques.

Davidlin85, off-market transaction. It doesn't affect market price and not reflected in the market volume.

Finally, something.

Haha. Thanks Alex, I'm not worried at Inari's fundamentals at all. Just feel that share price is artificially pressed down..probably to juggle the timing and price of mother share to fix the pricing of rights/warrants etc. So, in the meantime, just leave it aside until they make up their mind on rights/warrants.

Someone keeps pressing the price with huge sell queues. Nobody will wanna play in this kinda stock. So, play others first while wait for inari's breakout or rights.

http://klse.i3investor.com/blogs/cimbresearchklse/60348.jsp

Boring la. Wait for rights

Forget TIV in August. Mazda continues to eat up market share.

TIV dropped 15% mom, 0% yoy and 2.7% yoy YTD but Mazda sales rose 3.8% mom, 51.1% yoy and 14.1% yoy YTD. Market share of Mazda continues to gain and rose 0.4ppt to 2.0%.

Slowly wait. Won't have any action until conversion of existing warrants and announcement of rights/new warrants.

Queues are illusion. Only breakout out of current range will determine next price direction...yawn.

Queues are illusions. Watch graphs and fundamentals more realistic.

http://www.theedgemalaysia.com/business-news/306075-malaysian-top-fund-says-small-stocks-cheap-at-30-discount.html

Inari and BJAuto I mean.

Good. I'm seeing at least 30pct upside for both as well.

Yah. But drop can buy more :) Just remember to save some bullets on rallies for trading, until it breaks out convincingly.

5 sen is nothing. It should break out of RM3.00-3.30 range convincingly. If not, yawn...

EPF has been trading stocks in and out. I wouldn't be bothered at all. Look at EPF selling MISC and MISC's price action.

Oh ya. Thanks!

Results in end Oct. Wait for another month

http://www.theedgemalaysia.com/business-news/305922-results-preview-berjaya-auto-1qfy415-to-beat-expectations-says-maybank-ib.html#.VAgWxVukOO4.twitter

Ooppss...Probably time to pick up now. http://klse.i3investor.com/blogs/hleresearch/59345.jsp

Gonna ding dong for more than a month btw RM3.00-3.30 with false breakdowns & rallies before finally breaks out of that range IMHO.

Buy when 100% of the people here panic.

Those who can't even withstand 10% correction shouldn't be in the market at all.

Dato Thong needs money to subscribe to the rights issue. If I'm a shareholder, I'll be disposing part of my shares to subscribe for the rights in order not to be diluted. Your stockbroker should be able to advise you on subscription of rights.

Might reach below RM3 lah, can wait IMHO :P

The supports, buy queues and sell queues. All are illusionary used to trick short-term buyers/sellers :p

Waiting for below RM3 level. I became more excited with Inari's announcement of purchasing a factory which is multiple times bigger than all its existing factories combined. Inari won't buy a factory this size if they are not assured of huge upcoming orders. For all those talking about risks technology change, look at Avago's prospects. Go to seekingalpha or the likes and gain more understanding of Avago. Analysts are rushing to upgrade Avago after release of its results which exceeded expectations by more than 20%.

Need money to subscribe for the rights.

Time to trigger panic selling, flush out the weak, collect at the bottom.

Wait below RM3

Drop better lah, can collect more on the cheap

Probably have to wait till early Oct to break out of the RM3.30. In the meantime, just wait for it to ding dong up and down between RM3.00-3.30 for more than a month.

Someone freaked out after seeing Avago's one-off losses. But adjusted earnings beat analyst estimates. http://www.rttnews.com/2376343/avago-technologies-swings-to-q3-loss-but-tops-view.aspx

Way to trade: Watch Mazda sales numbers every month, watch 20d MA. Once drop below 20d MA, can buy already (Unless historical pattern is broken). :P

Look at the relationship btw 20d MA and 50d MA. See the pattern? Price rebounds always after touching 50d MA. Today touched 50d MA. We'll see brighter days ahead. This is just how the price moved historically, unless the hand behind this price movement wants to change the historical pattern. No worries guys. Avago won't die. Inari won't die. Avago & Inari depends on each other a lot. Avago supplies to most major smartphone makers, including Xiaomi. Inari didn't even drop 5 percent, why the worry? Chillax people.

What can I say? Inari's awesome!

See you all above RM3. The fundamentals will support the share price.

Sell more so that we can buy cheap lah :p It'll still depend on upcoming results.

http://www.motortrader.com.my/news/category/market-reports/

Mazda sales in M'sia:

Feb-14: 542
Mar-14: 918
Apr-14: 1182

May-14: 1292
Jun-14: 1063
July-14: 977

Quarterly sales ending July-14 were 26% up QoQ. Assuming Mazda sales growth same as BJAuto's, top/bottom line should rise the same. We should see good numbers in latest quarterly results to be released in Oct-14.

To those who wanna trade this share, I repeat my post again when share price was at RM3.15: "Looking at past trends, shares pushed up when volume up. Shares automatically sold down when volume became low. Collect when trading volume down below 500k/day. Push up again when volume increases. Cycle repeats....Yawn..." :P

No use looking at average target price. Analysts will be lagging behind share price for this counter, as clearly evidenced in the past. Many are skeptical of Mazda's sales in Malaysia, not me. With upcoming new models (The best design IMO) and greater outsourcing in manufacturing to BJAuto, this counter could surprise all analysts on the upside. Just look at how Mazda races to the top selling cars in overseas markets.

Looking at past trends, shares pushed up when volume up. Shares automatically sold down when volume became low. Collect when trading volume down below 500k/day. Push up again when volume increases. Cycle repeats....Yawn...

Norfolk's analysis is based on technicals, fund flows and big hands movt and whatnot with zilch fundamental analysis (Inari is penny stock as claimed by Norfolk with RM25mil net profit per quarter? I'm scratching my head). Time will prove who's right. But when someone is bearish long enough, he'll be proven right sooner or later, but in the meantime miss out the profits. I'm seeing a tech revolution which will last for a few years. It's not just tablets and mobile, we're going into internet of things, electronic wearables etc which will be many more times bigger than the current tablets and mobile markets.

Rights issue usually takes months