Yes, Annjoo may be a clear winner in EPS in the industry in an "uncertain" environment. So when the whole sector is dropping soon, what is the use of holding a share that gives high yield such as 7% in dividend when lower EPS causes the share price to plummet more than 30%?
Besides, I think you have a very high ego to feed as you try to justify that your decision to sell much earlier is the right one. If the price fly again, you would surely won't have the courage to rebuy
STC1136, I wonder what is your real intention of creating unnecessary and unsubstantiated fear among all. I think you are desperate to buy back the stocks at a much lower price to earn substantial profit with the good outlook ahead
hebeds, can you distinguish between glory and resurrection? From 1 to 3 something for annjoo, it is merely due to turaround from previous loss making industry. It has not even achieved its max potential. And who said that annjoo is the leader in steel industry? That is only the propaganda spread by some vested interest parties to make sure annjoo share price is higher above the rest
nicky, buy rate high doesn't mean anything as it can indicate distribution as well. This stock is in consolidation mode for too long. We shall see after this lengthy consolidation, the price is going to move north breaking the rm2.40 or falling down further
A lot of people are gambling on Masteel. Ever wondered why the share base is so small yet tenths of million of share units exchanged hands daily? If Masteel repeats its mediocre 4 sen EPS in the upcoming quarter, the larecent late comers are going to die hard
Without justifiable earnings / EPS to show on an adjusted larger share base, what else can speculators do on a bearish sentiment other than sell / take profit? Don't expect them to be charitable and let all retailers cash out 1st
Some parties might take the opportunity on Monday to try cooking it up to that level but the Mandatory General Offer most probably will not be as high as the average RM2.56 paid by UMW to obtain a controlling stake in MBMR. They might just start off with an offer of around RM2.30 for the Minority holders
Warn3r, you are right. It will be very volatile from now onward. Traders and opportunists will come and go. Some will win and some will lose. But longer term investors are definitely winners in the long run as long as the fundamental landscape does not change. Just flush out the noises and distractions in the short term. We have seen countless of half-truths and biased analysis since ssteel trading up from rm1 until now. As we all aware, price does not move up or down in a straight line, so do our lives.
brightsmart, i have not performed any short selling as i am not eligible. But certain institution and licensed individuals do. Bursa Malaysia website clearly displays this information and the short selling regulation will be relaxed to all individuals soon subject to approval.
I agree that G Soros is smart and bright, but I highly doubt whether you are even half as bright and smart as him. No offence but just my 2 cents
After all, if everyone is able to see the same value of a stock counter at the same time, then do you think there is any potential for the growth in price of the counter? Thanks to those who fail to see the value of the stock earlier, the stock can conti ue to grow
This author is revealing half-truth. Regulated short selling is allowed in Malaysia. Besides, although there are vested interests in those promoting steel sector, there are equally vested interest in those who called others to sell in order for them to collect at lower price. This is due to the fact that long term investors are not willing to release their shares to these new collectors
I would just say that there is no free lunch in this world. If some newbies or whoever it is hope to always get free tips from sifus in i3 and earn profit then they are no different than parasites as they are lazy to do their own homework.
Earnings will definitely increase in coming quarters but the challenge is whether they are utilising well the money from private lacent to produce sustainably high EPS on a much higher number of outstanding shares due to bonus issue
@tkk1127, if you take notice of the B11. EPS section of the quarter report, the weighted average number of ordinary used to calculate EPS is 301,493,000 shares. But actually the latest number of shares outstanding is 427,241,124 shares. You try to do the math
No need to argue with JN88. At last Friday's closing price, Ssteel was at RM2.26 while Annjoo was at RM3.70. We shall see which Co generate a higher return in share price and dividend at the end of the year