Don't be too happy .... Any profit Sell first. Get out. Imagine 25 sen IPO stock now at 23.5 sen. Imagine all those people who got IPO. Everyone of them is a loser. And all of them who bought above IPO price on the first day which was the highest volume is still licking the wounds. Ready to get the hell out for the Chinese New Year angpow money. So don't be too greedy to wait if it rises just sell and get out. Because I foresee more selling just before CNY. But maybe it will go up only after CNY. Not sure. Up to you. This is purely my own prediction based on observation and experience playing stocks.

Why still wasting time here? DPIH spray good ? I was conned first day. Never to look back again. Just here to look who else are the victims. Well...if you bought I hope you good luck. All the best.

@jasontan1177 I think my money is now "Colder than water" ....tong kor sui.
Average 4 sen now 0.5 sen. But still holding.... hopefully not like Perisai. Sumatec want to follow Perisai's foot steps????? HS out...but who is the major shareholder now???? Come on! Oil is going up ...so whats holding Sumatec???? I still keep my fingers crossed.

Damn it ...my 4 sen drop to 0.5 sen!!! Cry no tears. Can buy to average?

I was conned and vowed never to touch it again!

They sold their core business and just holding pile of cash. Some court case still pending. So it is lying idle. The reason why it went up is because some rumors. Nothing concrete yet. So if got profit just take.

I was conned and lost my underwear playing this counter. So please be careful. I suggest don't waste time here. 20 shares consolidated into 1 on Feb 2017. And now at 6 sen. Next time drop to 1 sen again. They will consolidate again. This process repeats. Until your money all squeeze dry.

I still optimistic..there is will one big rally in Sumatec. Wait for the chance.

Perisai is still hiring.. http://www.perisai.biz/career/index.php This is unbelievable....
Even .... providing jobs opportunities...can you believe a sinking ship is still hiring????

Habis hangus! Perisai really making a lot of people lose money including Tabung Haji it seemed.
This is old news but just to share to let you know others are losing millions!!!!

https://rafiziramli.com/2017/01/tabung-haji-rugi-rm64-juta-akibat-pelaburan-di-dalam-perisai-petroleum-teknologi-berhad/

So if you buy at 1 sen...most probably you can get it...but you have to wait to sell at 1.5 sen....if not sure burned. But if you queue at 0.05 sen...you still got a chance to sell at 1 sen...So don't buy at 1 sen..or you get burnt instantly. Queue at 0.05 sen also risky because the 1 sen queue is getting bigger...

Some just queue at 0.05 sen buy then put into selling queue at 1 sen to pocket 100% profit...

ATARAH still here?? Lost how much playing Hubline?? 20 Hubline shares of 0.005 sen was consolidated into a 10 sen stock on 13 Feb 2017! https://klse.i3investor.com/entitlement/7013/26-Jan-2017/17146_2104758308.jsp So you can imagine... before consolidation was 1 sen on Feb 6 2017. After consolidation should be around 20 sen. Now how much??? 6 sen?? Already lost 14 sen! So there is nothing happy about it going back to 20 sen. Even if go back to 20 sen, it is just a 1 sen stock. Now at 6 sen...if you divide 20, it is only at a value of 0.3 sen before consolidation !! Really conned.

I always suggest don't buy Hubline...because I lost a lot of money conned by Hubline. But it is up to you to buy. All the best to your hard earned money. Take care. Have profit better take. Don't be trapped.

Our friends at Perisai is crying...from 3 sen dropped to 0.5 sen. Lost 2.5 sen. Some still queue at 0.5 sen buy and try to sell 1 sen for a 100% profit. But do you dare ??

I sympathized with the people who chased at 3 sen last Friday. Today they already lost 2.5 sen!

The Practice Note 17 (PN17) company will be delisted from the Main Market of Bursa Malaysia on Feb 13 unless Perisai appeals against the exchange’s decision before Feb 10! So the risk is... Perisai appeal or not appeal??? Should appeal but do you dare to buy?? This is really a very hard decision. Its zero or hero.

Gone.....no hope...De-listing soon. All the best to bros here. Who get out faster the better. The race to sell is Monday.

One man's meat is another man's poison. Perisai tutup. So Sumatec buka lah.

jason1177 yeah... I was monitoring this Sumatec since it was 20 sen. That time some rallies and it was going 40 sen..before coming down. Then it was the oil price drop causing the problem for Sumatec. Oil from 100 per barrel drop to 40 per barrel. This is black gold I thought. So when it drop to 5 sen I thought can go in. Yes, it went from 5 sen to 13 sen. I was so happy. But from 13 sen it drop back to 5 sen support. Later fall to 2 sen. I bought some again to average. So my price is around 4 sen.

https://www.thestar.com.my/business/business-news/2019/01/11/oil-set-for-biggest-weekly-gain-in-two-years-on-growing-optimism/

What I mean is currently I monitor the selling kept increasing but the buying is not increasing fast enough. So we got a block of sellers waiting...which means the support of 21 sen is not holding on.

Actually nobody knows...only got a bit of chance. It is your own money. You should know how to manage it.

This is not right...the sellers kept increasing....sold come back...sold come back...never ending. How long can 21 sen support stand?

Well you buy at 26.5 sen not sell yet...so consider paper loss. Still got chance a bit if it rebound back to 26.5 sen. For us we already sold and this is really lost. In the drain. Few K just like that. Poof...3 days gone. Without getting anything back. Like donated to DPIH and not getting any aerosols. Few K can get a few hundred cans of aerosols paint . hahahaha..

cmtfly So we are all duped? Research house all write good and put high target price and we the innocent investors all buy kena con? Morning touch 23.5 sen...everyone thought rebound...revenge...come on....then now lower still at 21 sen...all stuck in the mud.

Can anyone confirm besides the contra selling, are the staff getting stocks with lower than IPO??? If staff of the company can get lower priced stocks then something is not right. Not worth buying IPO. I rather buy from the open market. Cheaper still.

Now most of the buyers are holding at a higher price. And that means most of the people is at a loss. When it drift lower and lower and more people get stuck...waiting to cut loss. I know how it feels. The pain of seeing it going lower each day after I bought. See today it rebounded a bit and those who bought at above 22 sen now already crying mama. That is why we cannot touch this lousy stock. It is touching lower lows each day. From a high of 35 sen to a low of 21.5 sen. And the bottom is not yet seen. Maybe below 20 sen. Who knows? Luckily hands not itchy and start buying. Sure kena trap.

I am out. I am afraid they will suck me in again. Like a quick sand. Once bitten twice shy. Lets see how they push it up. If got volume then ok. If no volume better not go in.

Can a few drop of water enough to wet the desert? Just 200 lots only is not enough to push it. Unless EPF or big investment arm buying. Then got chance.

How can a 25 sen IPO stock go to 22 sen? These are my questions. Who can answer??

1. Are they short selling? Is short selling allowed ?
2. Are the management / VIP selling? Are they getting stocks at below IPO price?
3. Is the prospectus reported accurately ? If they making good profit why keep selling?
4. Why is there no support when it touch 25 sen IPO price? Is this stock over-valued at 25 sen?
5. Panic selling? Contra players? Even long term and those bought at IPO have to sell now as it dips below IPO price and they have to cut loss. Rippling and snow ball effect.

Strange but good for case studies and learning purposes.

My stop loss hit today and I got stopped loss at 24 sen. I never know DPIH with a clean balance sheet and strong cash flow can go below IPO price. Why all these ACE is cheating investors? Our hard earned money gone. Who dare to apply for IPO? Everybody now wants to sell on the 1st day. If not die like NadiBhd and DPIH investors.

Reminds me of XOX.

XOX was listed at IPO 80 sen per stock. Drop to today to 5.5 sen.

https://1-million-dollar-blog.com/xox-berhad-ipo/

I saw this from Rakuten

DPI Holdings Bhd ("DPI"), an established aerosol paint manufacturer with over 30 years of track record is making its debut on the Ace Market. BUY with a target price of RM0.30 based on 14x blended PER FY20 as per regional industry players.

DPI's Own Brand Manufacturing ("OBM") segment is anchored by three in-house brands, namely "DPI", "Anchor" and "Kromoto" supported by a wide distribution channel with close to 700 customers locally. Its private label manufacturing services ("OEM") has been growing at 3-year CAGR of 7.2% mainly driven by global clients as a testament to its superior product quality.

Bulk of the IPO proceeds (55%) is earmarked for a new factory equipped with 4 fully-automated aerosol filling lines expected to be completed by 2H2019. DPI also plans to fully automate the existing lines and streamline the manufacturing process for better cost efficiency and higher productivity. By 1 H2020, all the 8 production lines will cater for the aerosol products, significantly boosting production capacity from the current 9.7m aerosol cans to 20m per annum.

DPI is allocating RM3m for sales and marketing activities particularly for international events. This will enhance DPI's products visibility overseas in tandem with the Group's intention to penetrate into Myanmar and Vietnam markets. We believe these two countries provide ample growth opportunities in aerosol products buoyed by the increasing DIY culture as well as urbanisation and motorisation in the region.

DPI has a strong balance sheet with zero borrowing and net cash position prior its listing. While net cash will increase to RM47.3m post listing, it also has a commendable net margin at 3-year average of 16.8%. We expect net profit to grow notably at 28% in FY2020 on its double capacity expansion driven by rising demand for aerosol paint products especially within the region.

Yes ...fundamentally I don't think DPIH incorporated in 1975 is a one day close shop company. hahaa...https://youtu.be/Bng6vGoWSvw

In this stock everybody lose except DPIH staff and Bursa / brokers gain. I think their staff can buy at lower than 25 sen right? If not who is the fools who sell below IPO price?

Yeah...just hold enough. Everyone hold enough. Don't bother those few sellers. I see a lot of stocks rebounded today. All green.

Sometimes it is important for the directors to come in to support their own stocks to avoid a loss in confidence and panic selling by contra players who just sell for the sake of selling. That would really spoils the market. Directors are holding huge sum of stocks. Also the private placement stocks. If it drops only a few sens they lose millions while we lose hundreds or thousands...only.

Now is the BEST time to buy...not sell. Keep it. Sell at 29 sen at least.

DPI Fair value is ..........cheng cheng cheng.....29 sen !!!!!

Inter-Pacific Research Sdn Bhd has put a fair value of 29 sen for ACE Market-bound DPI Holdings Bhd

https://themalaysianreserve.com/2018/12/20/dpis-fair-value-at-%E2%80%A829-sen-%E2%80%A8says-inter-pacific/

Many of them who bought at IPO price 25 sen got profits when it hit 35 sen. So with the profit they have now they can enter 2nd round tomorrow and you people are the ones losing when you chased high. I predict tomorrow it will rebound again with bargain hunters grabbing the battered stock.

I think it is not due to DPIH. It is due to the overall market today. Normally it will rebound from 25 sen because it is IPO price. The business man will not want their stock to drop below IPO price. Those who sold earlier will want to buy back at 25 sen for 2nd round.

From the chart, the support is 25.5 sen. Stop loss 25 sen. Risk is only 1 sen or 0.5 sen. No risk no gain.

I think 25.5 - 26 sen is a good buy. DPIH won't drop below IPO price. Today overall market is slow. Collection should start here and push up soon.

Relax. Keep it. 25 sen should be ok. 25 times over subscribed. The sharks just want to let the traders finished selling. Then they will push it up. Normally like that lah. See who can hold. If contra play sure die fast.

Best time to buy now!!

DPI chairman and managing director Peter Chai shared that even though he had been in international business for much of his 61-year working experience, he had never forgotten his formative years of undertaking various business ventures in Kuching.

“We are grateful for the strong support, and are proud that we are able to successfully grow a Malaysian brand beyond our shores into the regional market,” he said.

“Besides Malaysia, we have established a customer base to include Australia, Indonesia, Japan, New Zealand and Singapore.

The aerosol market in Asia Pacific is expected to flourish, with rising urbanisation and motorisation. The industry growth is also supported by higher awareness of the Do-It-Yourself (DIY) culture, and arts and crafts segment, as consumer lifestyles gear towards greater personalization and creative expression.

To support our growth, we have already set in motion the expansion of our production capacity, in addition to increasing our clientele through increased marketing activities.”

Sources from
http://www.theborneopost.com/2018/12/05/dpi-garners-strong-support-for-ipo-investor-roadshow/

Tomorrow to retry breaking the 35 sen barrier.

DPI has established a customer base in countries including Australia, Indonesia, Japan, New Zealand and Singapore. The company is looking to expand its overseas markets in Vietnam and Sri Lanka. Based on this, the future should be good. Should buy now at below 30 sen to keep long term.

Buyers are coming back...again.. sellers are lesser already...less resistant.

Tomorrow expected to retry 35 sen resistant. So want to buy just buy now. Before it go back to 35 sen.