Post removed.Why?

Buy when everyone is fearful including yourself. Like now. Coming Monday is a day to get in! No venture, no gain.

Plan ahead 3Es

Entry- buy price
Exit- sell price
Escape- cut loss price if price falls further.

Have a great weekend ahead.

Yesterday, correction!

4.13 today

I will wait for 3.90

PESONA made a major weekly Wave 5 high of MYR1.01 (Mar 2014) with grossly overbought and bearish divergent signals. Most of its negative signals above suggest a strong weekly downward decline. It is likely to break into lower territory, as it breached its key support areas in a clear downward daily Wave 3 and 5 move.

TAKE PROFIT (TECHNICAL) on rallies for PESONA with weaker supports of MYR0.37 and MYR0.67as well as clear downward target areas of MYR0.665 and MYR0.43.

Source: Maybank Research - 5 May 2015

From Tan KW

AAX long haul air line is not easy to make profit.

So far it has been loosing money since IPO of rm1.20 or 1.25.

Read it for yourself

http://klse.i3investor.com/blogs/sin_chew_financial_review/

From KL Trader:

CIMBmade a major Wave 2highof MYR6.27(27Apr2014) with grossly overbought and bearish signals. All ofits negative chart signals above suggest an imminent downward decline. It is likely to break lower, as it breached its key supports in a bearish downward Wave 3 and Wave 5 move.

TAKE PROFIT (TECHNICAL)on rallies for CIMB, with weaker supportsand clear downward target areas of MYR5.65,MYR5.45and MYR5.15.


My thought:

I am going to err on the safe side.

Wait.

Don't be greedy.

Dear Kweng Tan,

All of us felt the same.

Now, we need to be smarter.....wait.....this is a loosing business especially AAX , since IPO, we the share holders have been loosing money.

Let's look forward to see how we can invest in the business either this one or many others that we can choose from.

Wish you the best!

· Expanding its immigration services. MYEG is also looking to expand its immigration services to include application for new foreign workers to ease the process of companies bringing in new workers. The group has recently been awarded the online outsourcing contract by the government as the sole listed company to handle the application and renewal of foreign workers permit. We understand that the average revenue per foreign worker permits renewal and application is c.RM100, which includes commissions from insurance premiums required for the foreign workers. As of this juncture, the company’s foreign workers permit renewal services has a market share of c.5% of the 2.5m legal foreign workers in the country. With the new service in the pipeline, we are expecting the group’s market share to grow to c.15% (c.38k foreign workers) in FY16. Meanwhile, we view that the on-going allegation against MYEG over their handling of foreign workers permit application could potentially hinder their expansion progress in the near-term.

Source: Kenanga

Don't chase!

DY IS TOO meagre.

Cronies counter?

Ppl complaint poor service, expensive, monopoly?

This reminds me of FGV, in spite of dy 6 plus, price is still dropping. Of course , we can't compare commodities of plantation with this counter.....

What I am thinking is who are the people running the business ?

Now they have the advantage because they are cronies, when there is a change of regime, what will happen?


Have a great day ahead.

Strange human psychology....

The lower the price is falling....

Less of us are interested to buy....

When it is going up....

We want to chase!

The question is ...

How will this business be doing say in 6 to 12 months?

The other question...

How low is the price going down?

Fallen from 0.68 to today 0.565

About 17%

How much more will it fall?

Good time to buy?

Name

Nature of interest

Date of Disposal

Number of Ordinary Shares of RM0.50 each disposed

Price per Share (RM)

Percentage of Issued Shares Disposed (%)



Dr. Jamal Bin Yusof @ Gordon Duclos

Direct

20-Apr-15

1,000,000

0.71215

0.08%


Dr. Jamal Bin Yusof @ Gordon Duclos

Direct

21-Apr-15

1,000,000

0.71418

0.08%


Edwanee Cheah bin Abdullah

Direct

21-Apr-15

1,326,194

0.709

0.11%

2 directors sold 3 million plus share on 20-21/4/15 ahead of time.

They must have known the news ahead of us all!

Recently the share price has increased 24%.

Now is at 0.435

Dividend of 0.005 was just over

TP is at 0.43

Anticipating the price to come down.

Can start accumulating when it is under value.

Sayakamiyuki,

Hi !

I bought at 0.460, 25,000 share only.

How about you?

Watching it closely to see how much it will fall. Guess that the down side is minimal. But you never know, some panic selling.

I also bought during IPO, so I sort of familiar with this counter even tough I know this is a loss making counter. Never pay any dividend so far. Experts also tell us aviation companies are very competitive. May not make much money.

Sayakamiyuki,

Have a great day ahead.

When is the opportunity to buy this share price falling counter?

Bearing in mind AAX is trying to raise the fund from share holders usd $107.7 million ( 395 million RM)

The current share price 0.455 , lowest since IPO OF 1.25. It had fallen 63.6%.

How much will it fall some more?

Have bought some the day before yesterday at 0.46.

So much selling down yesterday resulted in the last price done was 0.455.

Look like Monday there may be further selling down.

Just wait and see.

Every adversity, there is opportunity . ( 危机).

Anybody knows when is the fund raising right issue coming?

http://www.asianewsnet.net/AirAsiaX-seeks-US$107-7-million-cash-nod-on-Friday-73319.html

Very good support at 0.115, now 0.120. Look likes it is going up some more.

Wait and see!

Have a great day ahead.

In the last 10 minutes of Monday trading. CIMB SHARES WERE bought up at 6.04 by mammy maximum volume of 500,000! This is to ensure the share price is maintain so that ppl will take up the DRS at 5.51. Once these DRS SHARES ARE LISTED in April, PRICE MAY FALL!

Looking forward to see Monday trading.

Friday the price move from 1.91 to 2.00

Then moved down to 1.90 and close at 1.99.

If not for the last minute buy up, the closing would have been 1.92.

What is going on?

Who move the price up in the last 10 minutes?

Already for 5 days, the price has been coming down, so far today touched 1.91.

Just watch

Will it go down more?

Reversed to 2.00

Down again to , at the moment 1.98

Put up yo buy at 1.92

What we know Parkson in Melaka is not doing well.

Reports of China, Vietnam are not good.

Used to have Parkson shares at RM4 plus 5 years ago.

Now keep dropping inspite of the co buying back!

How low?

Beware!

Loss making counter!

Bought IPO 1.25

Now left?

Not a cent of dividend

Think of it

Beware... Do not think that a greater fool than you will buy from you at a higher price

Make sure you buy very low

Remember

In order to win is that you must make the money when you buy

Buy under valued shares!

Have a great day ahead.

Why after 26 Mac?

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): FUND RAISING DAYANG ENTERPRISE HOLDINGS BERHAD (“DAYANG” OR THE “COMPANY”) PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF DAYANG TO INVESTORS TO BE IDENTIFIED (“PRIVATE PLACEMENT”)

DAYANG ENTERPRISE HOLDINGS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description DAYANG ENTERPRISE HOLDINGS BERHAD (“DAYANG” OR THE “COMPANY”)

PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF DAYANG TO INVESTORS TO BE IDENTIFIED (“PRIVATE PLACEMENT”)

The terms used herein shall, unless the context otherwise states, bear the same meaning as those defined in the previous announcement dated 3 September 2014 in relation to the Private Placement.
We refer to the announcements dated 3 September 2014, 5 September 2014, 12 September 2014, 23 September 2014 and 30 September 2014 in relation to the Private Placement.
On behalf of the Board, RHB Investment Bank wishes to announce that the Company has completed the placement of 52,100,000 Dayang Shares representing approximately 63.15% of the total number of shares available under the Private Placement on the Main Market of Bursa Securities. We wish to further highlight that the Company has no further intention of completing the placement for the remaining 30,399,993 Dayang Shares. Accordingly the Private Placement is deemed completed.
This announcement is dated 12 March 2015.



Is the above extra shares that are coming into the market that cause the sharp fall in price? Anybody can help explain?

Derekdan - the blog end with : but the more intriguing question before you bottom fish, how long can you hold?


Pudica is that good time to load more?
16/03/2015 14:14

I guess, yes try to bargain hunt tomorrow at 2.18?
Nobody knows how low, often time I find that when the price is dropping, everyone is scare, I too feel the same but that is the time to collect more provided we have the extra money to buy and hold.

Many time our decision is based on our perception of what the movement of the price is going to be like. That is where, we need the chart, the fundamental values to guide us.

For tomorrow, If ever Dayang is going to fall in price some more, it will be the third day, I guess it is another 12 sen like on Today (Monday 12 sen, the difference between high and low).

I may be right, may be wrong. In the long run, I should be happy that I can buy tomorrow at a much lower price as compared to its price before the fall at RM 2.70.

See below link.
derekdan Dayang is the best proxy to play the oil price rebound
http://i100k.co/blog/dayang-near-52-week-low
16/03/2015 22:32

By the way, I am owning Dayang shares at a higher average price than today closing prices of RM 2.30 which I just caught some today( Monday).

Intent to accumulate more at 2.18 tomorrow ( Tuesday).

JN88 RM2 - possible? Why not?
Historical low was less than RM1.
Why shouldn't it go down some more?

Losing money co
No DY

WHY IS THE PRICE drop so much now?

Was the co then in the similar fundamentally as now. Is it possible to drop to even below RM1?

Gungho92
Congrats
Time well!

Ya

0008

Is possible


The lowest from the historical price chart was 0.065!

I bought at 0.14, bought again at 0.11 to average down.

Now I must wait till it is real low.

The general market out look is no good. US and Euro are not good.

Malaysia with 3 planes crashed, weakening Ringgit, 1MDB financial scandal, GST IN April and others, I think the prices of many will come down more.

Wrongly done. Hedging till June 2015 up to USD 114.26/bbl! No wonder AAX is losing money.
Folks, cut loss now. Buy back later . With the same amount of your cut loss $ , you can gelt more shares at a lower price.

Analyst predicted TP 0.490!

I bought the IPO AAX shares at RM1.25 1 1/2 years ago. Today the price is left with 61sen. With the coming right issues and warrant, AAX is going to raise more $ to pay up debt and use the extra for operating cost.

Be very careful with this counter.

If the oil price continue to stay low for the next 2 years, eventually and hopefully TF and his team can help bring in much profit.

However for 3 to 6 months, it will still will not be able to turn around.

I will wait for TP put up by Maybank i.e. 49 sen before I will buy some.

Meanwhile, folks, we need to cut loss in order to buy more shares at a lower price.

Maybank research

We downgrade the stock to a SELL and rebase our target price to take into account the rights and warrants issue. Our new target price of MYR0.49 is based on an unchanged FY16 P/Book of 1.0x after the rights issue and warrants conversion dilution.

http://research.maybank-ib.com/pdf/documentrg/AAX_FN_040215_6554.pdf

Short selling is you sell the share which you don't even have. Previously is allowed. Now, no. Ppl do that when market is dropping, i.e. Sell first then buy at a lower price later on in the same day.

TOP is the Theoretical Opening Price. Usually quite accurate. TOP is the price that share counter will start with at the opening at 9am or 2.30 pm.

MR. Tan KW , Thank You!
You are right.

Apart from that,
It is well known that air lines are not able to do well especially with so much cheap fares competition.
I am one of them who subscribed to AAX IPO at RM1.25.

The lowest price of AAX so far is 0.61.

At what price, do you consider a BUY? Or are we to abandon this counter and look for other more promising counters?

0.665 now!

Up, up, up....how much to sell?

Thank You!
Akiha for your concised yet comprehensive write up above.
One question I have for you, hoping you can help me in this.

Price and value
For eg. AA Dy:1.39, PE:10.29, DPS3.88, NTA:1.803, EPS 27plus.
Do you consider the price of RM2.80 as under value?

Kind regards,

Sorry folks for the double postings !

"There are two essential ingredients for profit in a declining market: you have to have a view on intrinsic value, and you have to hold that view strongly enough to be able to hang in and buy even as price declines suggest that you're wrong. Oh yes, there's a third; you have to be right."


- Howard Marks

I fully agree!

However, if you can buy lower why not sell first, with the same amount of money of the sale, you can buy back more units of shares at a lower price!

Falling till it settle down then buy!

Falling usually takes 3 days, at least from my general observation .

Beli!

Hari ini

Mula dengan 0.71!

Vews08,
Possible...endless possibilities.
The big boy can do it, why not.
Watch and be ready to buy low and sell high.
I am going for contra. Not long term!

Lost steam, or taking a breath? Watch!

I was wrong!

Did not drop further.

Will try to buy some at 2.00 and more below it, IF it falls further.

Will go for only small profit each day in such a falling market. Not to keep for long term at the moment.

Win 188
Another way is to average down.
Buy low.

Win 188,

If you did not take any action.
Congratulations!