@prudentinvestor
Is there any benefit for the big boys to push the price lower now that the DRP price is fixed?
Generally I thought price should be stable if not rising before ex-dividend

There are 2 reasons for off-market purchase,
You can either choose to see it as a positive or a negative.

1. In a pump & dump, you need co-operation between controlling shareholder & syndicate
Directors loan big chunk of stocks to these syndicates, syndicates play pass the baton with these stocks, as good news is released, these stocks are disposed off to the highest bidder.
The recent drop in price may have forced the director to buy-back from them as demand from the good results was insufficient to clear the block of stocks on hand.
Hence an off-market trade. As the transaction is settled privately, there need not have actual cash settlement involved.
Price reported to regulators is purely for compliance & IB commission / clearing fee purposes.
Don't forget directors are not saints, so are analysts, IBs, brokers..

2. On the other hand, it could be for legitimate reasons
Say an institution wants to dispose a huge block of shares but doesn't want to depress the share price unnecessarily, hence both parties agree to an off-market deal.

Luckily got big buyer support at 2.90
Otherwise who knows how low Airasia can go..

I see buy support appearing :D
Hopefully can close above 3.00 end of day

Perhaps UOB recommending sell so they can collect cheap
Airasia seems oversold, hopefully got some support from the bigger players

Any sifu chartist here can tell me
Airasia upward reversal at what price?
2.98?

In Malaysia, insider trading is still rampant.
You can sense there is insider trading when the share price of a company suddenly rises or falls before the company makes an announcement. And this happens quite often.

Agree with Dragon1.
Selling activity too high.
Contra players is a poor justification for price fall.
We have yet to find out the real reason.
My hunch is its either insiders or institutional funds who are letting go.

If this counter has good prospects, why are there so many sellers done and in queue
Either the insiders can't wait to get rid of it or institutional funds

Tek Seng Warrants are trading at a discount
Won't it be better to go for warrants instead?
Maturing Jan 2020...

Institutional funds has already taken note of this company's potential.
What this company needs is an analyst to start initiating coverage on this counter, then they will have better publicity catering to a wider audience.

Agree that institutional funds look at the long-term fundamentals before investing.
But on the contrary, there are also quite a number of sellers in queue and these are in big volume.

Many institutional funds in this counter
Will they support the price & hold for the long-term?
Or are they in for a quick buck.
That is the million-dollar question.

The board seems optimistic on its future prospects.
And if it is shariah-compliant, even better visibilty.
Only time will tell.

Is Danco a syariah-compliant counter?

No doubt AA will post good results come 26 Aug
Otherwise Tony will lose face promoting to the various fund managers that he has met
Let's hope that the 60% foreign shareholding will continue to support the price till then

Agree with Enid888.
Analyst pay more attention to future earnings potential via DCF rather than margin of safety.
Hence, privatisation allows owners to strip assets/enhance value/relist at future date and laugh all the way to the bank.
Take the case of Mieco currently, takeover price offered at 90c, but net assets valued at 1.54.
Wonder who is getting the short end of the stick.

May face force selling pressure come end of day
Profit taking + No one likes uncertainty over the weekend

Uptrend intact as long as no major institutions, directors, or big shareholders disposing

Those with Gadang should be rejoicing
All-time high now
Greed is good they say

Undervalued stock compared to Pmetal
Sellers need to back off for the price to hit 1.00!

To the founders of KLSE.my,
Why not start a subscription based service.
KLSE.my's information is far superior/simplified than any of the broking houses/trading exchange.
Big institutions/conglomerates may deter your efforts, but if you don't try you'll never know.

Indeed a sad day. Sites that promote fundamental analysis for the betterment of minority shareholders forced to shut down but sites that encourage technical analysis in/out churning of profits allowed to blossom.

To the founders of klse.my, it would be an honor to meet you.
Your team has done a great service to the investment community, and don't give up hope. Fintech is just getting started. Opportunities in this space are abundant.

At current EPS of 10.54 sen, and average PE for aluminium/steel industry at 11x
This counter should be worth 1.16
Pmetal is trading at 23x with higher debt & lower NTA

Gadang reminds me of the movie "The Big Short"
In order to make a bigger gain, you must first take some hits (in the form of paper loss)
But you must have the confidence to base your investment decision on its fundamental convictions as it is almost always impossible to time the market.

Market weak so investors panic
But Gadang fundamentals has not changed
Fair value 3.20 minimum by this year
Bonus issue should not be a problem for Gadang
Don't miss the boat ;)

1.36b in net assets. 477m shares outstanding.
2.85 net book value. More than 2x its current trading price.
With Retained earnings of over RM1b.
Bonus issue in future should not be a problem.

Why is that people flock to Instaco where earnings has consistently been volatile and has yet to pay dividend since listing in 2004.

Compared to WTK where EPS has been fairly consistent since 2002 and has consistently been returning dividends to investors every year.

Instaco at 32c amounts to PE of 131, and its top 30 shareholders list does not contain any institutional investor which reduces its pressure for dividend repayments.

Most important criteria for investors is free cash flow and the business's ability to return some of its profits in the form of dividend to its investors.

A stock that pays no dividend will only reward you if its price appreciates. This, of course, is pure speculation -- a gamble on whether or not the company's ticker symbol will end in the green or red. Stocks with a long record of providing dividends, however, provide you with a slight assurance of a potential source of income.

http://www.forbes.com/sites/steveschaefer/2015/11/13/shark-tanks-kevin-oleary-oshares-etfs-investing/

High volume. Something brewing?

That's the problem with free shares.
When ppl receive it they don't mind getting bird in hand, rather than exposing it to market risk.
Especially when it comes to employees who got it at ESOS or pink sheet financing.
Those who took financing to subscribe and has let go can sleep soundly at night, while those still with exposure may not enjoy such luxury worrying about margin calls.

Let's state the facts based on prospectus rather than speculation.
From the prospectus,

SUNCON recommended dividend policy 35% of annual core profit.
IKHMAS recommend dividend policy of 20% of annual PAT.
SUNCON IPO PE 12.4x
IKHMAS IPO PE was at 13.77x
SUNCON gross profit margin FYE 31 Dec 2014 21%
IKHMAS gross profit margin FYE 31 Dec 2014 19.73%
SUNCON cash position as at 31 Dec 2014 (+RM 277,612,000 Positive)
IKHMAS cash position as at 31 Dec 2014 (-RM 9,846,000 Negative)

http://klse.i3investor.com/blogs/kenangaresearch/80436.jsp

And it has good support from parent company Sunway.
Historically, on average, the parent company Sunway Group farmed out about RM500.0m jobs to SUNCON yearly. Upon listing, SUNWAY will still be the largest shareholder, owning 55.6% of SUNCON’s stake.

Still believe IKHMAS a better buy than SUNCON?

Agreed with Skylifttoptoptop.
SUNCON higher margins, profile, and dividend policy compared to Ikhmas.
SUNCON recommended dividend policy 35% of annual core profit.
Ikhmas recommend dividend policy of 20% of annual PAT.
SUNCON IPO PE 12.4x
IKHMAS IPO PE was at 13.77x
Atm market is telling us that IKHMAS is more valuable than SUNCON??
Seems to me like holders of SUNWAY mother just cashing out their free SUNCON shares to pay for their IKHMAS.

Mah Sing issued stock dividend to conserve cash.
But stock dividends are not really satisfactory to shareholders, particularly those who rely on dividends for income. While such shareholders can sell their dividend shares to get cash, this dilutes their equity in the company and they thus trade one disadvantage for another.
It also places a long term liability on the company for future dividends.