Yes, can buy at RM 1.50, very low risk already.

I see, Cold Eye and Tan Teng Boo (Icapital Bhd founder), two big sifus also invest in Salute.
Icapital Bhd average cost is around RM 1.30, cold Eye may be far far lower, may be RM 0.60..
Look like Salute is suitable for long-term

at least the following report gives us a hint.

https://oilprice.com/Energy/Oil-Prices/Russia-Predicts-The-Death-Of-US-Shale.html?utm_source=browser&utm_medium=push_notification&utm_campaign=vwo_notification_1571777213&_p_c

'U.S. shale production growth is slowing down, and America’s shale output will likely peak in the next few years, Russia’s Energy Minister Alexander Novak said on Tuesday'.

Hold for one year or more. The time US shale oil depleted, it is the time for Hibiscus.

Buy in Hibiscus, good future.
https://oilprice.com/Energy/Energy-General/Goldman-A-Major-Oil-Price-Rally-Is-On-The-Horizon.html

Yes, collect

@sunnyguy, yes, Borneo Edible Oil S/B, that is the place where they sell their crude palm oil there for further processing. This is related party transaction.

@Ong, Hahaha, correct

Need to factor in right issue, so the highest is NOT Rm 4.50

Buy in signal

Very good write up for Armarda for all who given the comments. Thank you so much
Wondering how does it move today...

US shale oil is going to deplete, buy in Hibiscus

https://oilprice.com/Energy/Oil-Prices/Russia-Predicts-The-Death-Of-US-Shale.html?utm_source=browser&utm_medium=push_notification&utm_campaign=vwo_notification_1571777213&_p_c=1

I have a different view, I thought it will be moving between today lowest 0.365 to 0.40 (today closing) and close somewhere around 0.40 unless there is a special news pop out..

Healthy correction, prepare to move forward again

Now I know I will never trust calvin tan any promotion , all his articles i will only make reference only.

Never expecting future contracts which have not yet materialized.

Haha, later if the price jump up, the other parties will come out SHOUTING..lol

I like to watch this movie with popcorn.
To be continued this afternoon...stay tuned

The interesting part is that directors have stopped selling since Aug 2019 despite the price has raised double.

https://oilprice.com/Energy/Energy-General/The-Oil-Rig-Count-Collapse-Continues.html

Oil price drop, but O&G services counter rise, may be there is an indication that future oil price might be moving upward due to decrease in oil rig counts as stated in the following statement, see link below:-

Nicely written, ipilot50.

it looks like sb is supporting the price at RM0.88. I would like to called it 'operator'.
Coincidently, RM 0.875 is the previous round highest price.

As long as BDI can stay at 1900/2000, future is NICE.

Yes, brave one, buy with cash (not loan) and hold will made the money.
Even Icapital Bhd invests this counter with the average cost of RM 1.30

So sad, wishing to have extra fund to buy in..

yes, add more

Thanks MingGoon, I think Salute has a great potential.

MingGoon, can buy in?

BDI=1916

Very nice explanation, Investrader, you have addressed very well. Capital reduction is very bad to the company. Imho, this counter is very risk to invest now.

@Fred, no sure, difficult to predict.

Bdi =1929, continuous down and now continuous up..quite strange movement
...

BDI=1929

ya, be careful, once budget is out tomorrow, it will drop like shit..

Very simple, everyone wants to earn money, if a shares is overvalued, then definitely will call for sell, including directors. Who in earth is so stupid to sell a share when it has potential to raise further.

Perhaps due Chinese holiday is approaching to an end, ordering of dry bulks start to increase.

I thought the correction was over already, this is evidenced by moderate volume today with a marginal rise, do u agree?

MK76, They have their own palm oil refinery mill (not the crude palm oil mill)which set up as a individual company outside this group of company...

BDI-1770

Buy below RM 0.80

Don't test, dangerous counter

Maybulk unclear direction ahead.
The increase in BDI will depend on whether most of the countries are willing to comply with IMO 2020 rule or NOT..

It seems can't drop any more, lowest of lowest, Buy now and wait for Budget 2020 announcement for the education direction.

10 years profit has reflected in the price already...what do the buyers want?

oh my god...what has happened?

That is interesting, go up non-stop..

The sharp increase in price in too aggressive..not normal...either the co has received substantial amount of order that are shift from China due to US tariffs or there are shorties coming in or both.

Beware..

https://klse.i3investor.com/blogs/AmInvestResearch/220583.jsp

I agreed to MingGoon. the article below is really impressive


1). Salutica is poised to make a comeback in FY20. The company’s major client, Customer A, has recently released its third generation of true wireless earbuds with an upgraded Bluetooth chipset developed by Salutica, in collaboration with a Netherlands company. The new Bluetooth chipset promised to rectify the connectivity issue which has plagued the previous 2 models.

2). Top technology reviewers like TechRadar, WIRED, Android Central and CNET have also acknowledged the improvements in the new earbuds, giving it a reputable rating of 4 to 4.5 stars. Feedback indicated that the new earbuds surpassed market-leading brands from the US and Denmark in its size (compact), battery life (longer) and audio quality (better).

3). We foresee Customer A making up lost ground with the new earbuds that allow L/R simultaneous connection to the audio source for a more stable connection. Meanwhile, the US and Denmark rivals are still using conventional master/slave connection that relies on cross-head Bluetooth transmission, which is prone to connection drops. Moreover, Customer A’s earbuds run on Bluetooth 5.0, while its rivals are still on Bluetooth 4.0.

4). In addition, the company has secured a job to produce 4 models of computer mouse for Customer A. This job is passed on to Salutica from Suzhou, China in order to avoid US tariffs. The first model has commenced production in July 2019 while the remaining 3 are slated to begin production in 2QFY20. The volume for mouse production is 7x larger than that for headset.

5). We envisage the non-seasonality of everyday mouse to cushion the off-season dips of headset production, particularly in 3Q and 4Q. This will help to the company avoid negative surprises. We forecast sales from mouse production to contribute 46% of the group’s revenue in FY20F while headset contributes 48%.