The price has normalised now(touched the height of 0.705), although still below IPO price of 0.67. Believed many IPO investors have cashed out this morning, with breakeven, small losses or small profits (at above 0.67).

Next laggard construction counters to watch will be TJSetia and Aneka which still are trading at big discounts from IPO prices (due to Covid) although the company are profitable per QR and professionally managed.

A profitable company run by professionals.

Price at attractive discount from IPO.

Covid eventually under control regionally.

Accumulations...

Bingo!

Does yesterday's closing price 0.51 offers a great opportunity to accumulate?

Based on IPO price of 0.70 on 19th May 2021, closing price of 0.51 is trading at a huge discount or loss of 27%!! Certainly more losses for those who bought above 0.80.

The significant depressed stock price was largely due to untimely listing due to MCO and extended MCOs rather then biz fundamentals. With the 80% full vaccination for all population achieved to-date, expected opening of economy's activities and forthcoming Budget in October, stock price valuation should match and in line with all the positive developments.

Further more, as announced, company has 1.2 bill ongoing contracts and is also tendering for 3.8 bill projects. First half year QR1-2, 2021 recorded 105 mil revenue and 4.4 mil net profits (https://www.thestar.com.my/business/business-news/2021/08/24/tuju-setia-bids-for-rm3.8bil-worth-of-projects).

Given the rare attractive price, profitable business (and 25% Dividend payout ratio policy), solid management and track record as well as good construction recovery prospects, is it perhaps now a good timing to consider bargain hunting for the deemed low-hanging fruit?

Does yesterday's breakout signal the very beginning of the end of the entire saga?

That means all have been verified or compromised and sorted out and we are never going to see prices this low ever.

Or is it a prelude to something beyond our expectations before the Shock & Awe announcement soon ?

Before the cloud clears out, it is deemed too high a risk as the wind may suddenly U-turn sharp!

Only the brave hearts or experienced traders with good capital risk control dare to chase for the potential high gains!

More positive news ... construction sector expected to fully reopen in October...

https://www.klsescreener.com/v2/news/view/878895/construction-sector-could-fully-reopen-by-october

All the long anticipation, uncertainty and quietness are causing spooky feeling among all investors/speculators, unnerving indeed if the open position is substantial or already in negative territory.

Is it going to be a Shock & Awe announcement or a windfall bet from a very positive investigation result from EY and a not so bad financials?

Let's wait for the highly anticipated, tense and riveting event to unfold in due time...

Are we starting to see now a trend REVERSAL in this stock since its IPO on 20.10.2020?

Due to untimely listing of IPO in pandemic which dampened investors sentiment, construction sector especially, IPO price has been sliding from 33 cents to the year low of 22 cents, a huge bash down and attractive discount of 33%.

With the expected relaxations of economy's activities with construct sector ready standing by to restart full steam the engine, investors' attention has now focus on construction stocks.

Yesterday saw strong buying interest with almost 2 mil shares traded pushing up prices 1.5 cents to 27 cents. With this, it still lags behind at 18% below IPO price which still offers good investment. Further backed by a low PER of 10 only.

Investors will be delighted to see their investment return to IPO price (which should be justly so) or beyond in line with business expansion into Indonesia and Singapore.

Have the construction laggards in recent ACE/Main IPO been awaken?

Today saw impressive rebound with sustained strong buying interest pushing the price 4.5 cents or 8.3% to close at 0.585. It is still considered attractive at this price given its IPO price of 0.68, therefore investors still can enjoy a 14% discount. A low PER at 9.21 is certainly a good valuation comparatively.

In line with the soon expected upgrade of Covid Recovery Phases which will ease up restrictions in economy's activities including construction sector, IPO prices of some same sector companies have been hugely battered down due to untimely Covid pandemic, the time has perhaps arrived now to vindicate and justify their fair valuations and allow investors to recoup their losses from the recent IPOs.

Is Bursa heading towards a FRENZIED Bull ... soon?

Yesterday's rise in Index was not a surprise to many, but the sustained intensity and soaring prices of stocks, especially banking's, did catch off-guard many retailers. PBB's 17 cents surge vindicated those patiently waited. From lessons learnt, many were also wary of chasing the sudden frenzied stocks' rise.

Naturally, we would ask ... have we missed the wagon already? Are there opportunities again? Sometimes, the loss of opportunity, especially the seemingly easy profits, is more painful than financial losses.

Taking a glance at our portfolios, there still are many stocks (caveat highly speculative/manipulative ones) whose prices still are at rock bottom and attractive levels, more so, still far from pre-pandemic levels.

On the backdrop of the long-waited recovery optimism in Malaysia and US, and the huge go-ahead equity investment decision by institutions as witnessed yesterday, one begs to ask ... are we on the VERGE of witnessing the FRENZIED Bull also charging towards other sectors i.e. Penny, Small & Mid Cap Stocks ... soon?

Opportunities always favour those who are prepared...wish all the best and success!

Today 3.0 pm covid figures would be important to cement the trend...

100% adults in Klang valley received at least one dose vaccination, near 80% of ENTIRE adult population received one dose vaccination.

https://www.sinchew.com.my/pad/con/content_2535388.html

https://www.sinchew.com.my/pad/con/content_2535387.html

Great news boost to Bursa!

Is a major trend REVERSAL imminent now?

With covid cases dropped below 18,000 2 days consecutively (from height of 23,000), most counters yesterday registered strong rebounds after 3.0 pm, a not-to-miss daily Covid cases reporting time investors/traders diligently watch for cue and use for entry point decision. This general rebound signals perhaps the FIRST early consensus among investors/traders across the board, that the downside risk is now contained and offers a good opportunity to be early birds for accumulation.

With net foreign funds inflow since last two weeks, our most suspense thriller politics now stabilised, more relaxations and reopening of economy's activities plus the commentable rapid vaccination drive with herd immunity to be achieved for Klang valley by September, all augur well for recovery and positive sentiment for Bursa.

Only set back perhaps is, as the new Govt is now inclusive of/led by a scandal-tainted party and performance of new cabinet (especially calibres of the key Finance & MITI Ministers) has yet to be announced and tested, would foreign funds have confidence to return in a sustained manner?

Nevertheless, given the above and looming proposed dividends, 3.91 is perhaps a distant bet now (unless some catastrophes or panic befall).

With the political situation now stabilised, rapid vaccination drive and achieving herd immunity in Klang Valley as soon as by September, bursa sentiment should improve with more relaxation and opening of business activities. As long as ICU and hospitalization cases are reducing, prospects of recovery will be good.

Among the 19 ACE IPO since 2020, this has been hugely oversold chartwise for past three weeks and now trading at attractive steep discount of 0.54 or 20% of IPO price 0.68! Given the profitable business, it deserves a better valuation...

UMNO linked counter...MRCB... is the attention now...trending up...

The old adage is always true: Buy on rumours, sell on news (or before the news)...too risky, better run like Usain Bolt...

Bingo! Opportunities favour those who are prepared.

Besides Anwar effect, business prospects expected to improve coming 2022, per interview with CEO, Andrew Khoo on 16th August:

https://www.thestar.com.my/business/business-news/2021/08/16/good-sign-from-mui-startups

Prices already staying low a long time, hope Anwar effect, better biz prospects shared by CEO, economy's reopening ... will go up as it should...

Nikkei -1.6% ！Not looking good today.

Generally, enter big in this unprecedented political developments is almost suicidal, especially so if Govt changed for worse...unless one has big risk appetite.

Huge sell queue of 14 mil shares at 0.35 just before closing on Friday...indicating large shares were ready to be off-loaded, thus selling pressure continuing. Tomorrow and the week going to be tense and interesting with expected change in PM, Govt and policies...the announced economic reopenings are unfortunately dampened or offset by panic of govt collapse.

Political bombshell anytime! Too great a risk to enter big. Staying sideline safer for now.

After 14 continuous sliding trades from IPO, if still no strategic decision and action by key stakeholders to buy and support the shares, the prices going to be under selling pressure until no one wishes to further cut loss. No significant rebound is expected as no one dares to increase stakes from now till after 6th September Confidence Vote in Parliament..shaky situation.

The crucial date - 6th September, Confidence Vote in Parliament! Too risky to park money here until such time. Covid is still for sure, uncertainty and panic of possible govt change normally very bad for share price. May be just a knee jerk reaction or crash if worse. The sizeable price drop or capital loss might even be more than dividends. May be it's opportunity for FF to exit at better prices running up to dividend expectations of other investors. Hence, perhaps, safer to conserve capital to forego dividend for this quarter. Our only edge is, time is always on our side, enter and exit freely without stressful open positions. No matter what political upheaval from now till the Vote, take a break for peace and watch the show.

Tomorrow last day before EX. For the dividend, many would have waited or stuck till tomorrow despite significant loss from IPO and above IPO day's trading prices. To sell or not to sell on EX is a dilemma. To SELL, will immediately realised losses (and learnt a lesson). To HOLD, might possibly incur higher losses after EX and beyond due to bad and tense political climate expected to drag till 6th Sep and beyond. For dividend, will consider to BUY only in the late afternoon session to minimise risks. And SELL ALL on EX.

From IPO 0.68 dropped till 0.61, investors' loss of 7 cents, whopping 10%! May be first dividend of 1.68 cent Ex date 6th Aug can recoup some losses. Given the 11 million PP shares, prices may drop further if they are sold. Would be interesting to see the price on Friday EX date.

IMF downgrades Malaysia: https://www.malaymail.com/news/malaysia/2021/07/28/imf-downgrades-malaysia-fellow-asean-5-peers-2021-economic-outlook-maintain/1993240?utm_source=telegram

8 mil units Q at "strong" support of RM4.0 been breached. Next band probably at 3.90 to 4.0.

Banks' profits 2nd half 2021 expected to be affected by 6-month Moratorium.
https://www.sinchew.com.my/pad/con/content_2516475.html

Downtrend till foreign funds exiting ends. How far down no one knows.

RSS counter...

Ex-date today, prices should fall after 2cents gained. Low yield low return.