I told everyone here before that any price above 1.70 is considered overvalue for serbadk, I found that many people here compare serbadk to Kpower, come on lah, Kpower has much much lesser total listed shares than serbadk, total listed shares for serbadk is huge, it is over 3 billions shares, so with the price of 1.70 , its value already very well reflected in the share prices, it no longer considered an undervalued company, and this explained why it won't move up much in this bull run.
When a lot of good news are announced for a certain counter and many people very well acknowledged of the news bur that particular counter still won't moving, then you must know that there are two reason behind it, the first one is there maybe some hidden risks in this company and the second one is the value of the company is already well reflected in its share price.

Klci 1620 level is very crucial, if it close below this level then there will be more corrections to come.

KlCI support level is at 1620, you got to see whether the support level is able to withstand the selling force or not, if the index drop through this level than more severe correction is coming.

I'm very pity of those who bought this counter, now most of the plantation companies is making a lot of profits from last quarter but this company is still suffering huge losses, what else can you expect from this company. If you are still hoping this counter will fly than I advise you to dream for the cow could fly is more realistic.

Few days ago I keep telling people that kwsp is dumping this counter but some people don't want to accept my advice. For this counter anything above 1.70 is considered overvalue, because kwsp and major shareholders are dumping above this level, so remember next time when it is above this level again just sell and don't turn back. If you want invest and hold why don't buy genting? Guaranteed better return from genting than this counter after 1 or 2 years when this Covid-19 is subsiding.

It look like only you know how to invest but kwsp only know how to goreng but don't know how to make investment , what a brilliant guy!

Because many people is being fooled by some analyst who keep telling investors that this is good counter worth investing, I have to admit that I'm one of them, but try to answer this question, if this counter is so good, why kwsp keep dumping it almost everyday? even their major shareholders also keep dumping all this while, you guy better take note of this.

Why stick to this snail counter? Very difficult to Move upward but move downward very fast like diving, there are other stocks like dayang & waseong got more momentum than this counter, when serbadk moving upward 10%, other O&G counter moving upward 20%, not worth keeping this stock, if you really want to value investing better buy maybank and public bank.