Mbsb is very undervalued currently. Looks like panic sellers wiped out and high probability it turn green after break coupled with higher TP by Kenanga today.

Its ok.. the price now is still quite low..

So.. On or Off? Decide please.. this is not play play matter.. lol.

Whatever it is, Mbsb is undervalued currently due to the psychological nature of the called-off merger.

What opinion hng33 going to give? Its very clear.. looks like we have been deceived and should throw away our hard-earned money with actual loss? Malaysia "damn stupid" boleh !!!

What the hell is going on in our bourse? One after another agreement/deal being aborted? This is not good indeed and how insider info obtained? No action taken?

If the deal is completed by end of this week resulting in RM3.50 CASH per share.. you all know what to do, right? Ignore the prices which are being pushed down currently.. dont worry, the deal WILL go thru !!! (Its not like the Cimb/Rhbcap/Mbsb called-off merger).

Puncak will be classified under PN17?

Agreed with hng33, just hold till completion of the deal and dividend.. within 3 months considered ok.. short term. Now people throw bcoz panic of the price and wanna try recover back the losses by jumping on other counters.

Just wondering.. any of you still holding.. or dumped and buy other counters ady? Today from high 2.87 and now 2.76 only.. wow!!!

Any insider info (bad news) that we don't know about Puncak?

Support at 2.80 was easily broke.. most prolly by a big party. So looks like Puncak is kaput.. and yes.. what a joke.. even with superb news. Brace for more downward impact guys.. me included.. paper loss.. :(

Lima.. even at 1000 PE, a stock can continue to surge due to human mentality.. which is.. greed. Certain parties know how to take advantage of this nature.. and always worked.. coupled with rumors etc. That's why many people, eventho already made profit the first time, will go in again at higher price, and lose in the end..

• Dump this ailing Puncak and buy Myeg and Ifcamsc.. best decision so far? :D

Based on my experience, a counter "very sharp" rise is due to either the company's prospect is very good or a party has collected enuf at low prices n prep for disposal with huge profit at higher prices taking advantage of the human mentality causing many trapped and panic sell at lower prices later. So.. goodluck everyone ya.

If you can hold.. not contra.. then its a wise decision.. :)

• Hmm.. if the net cash position is 3.50 per share.. why the hell the price now is only 2.80? Maybe this drop in price is hinting that Syabas dont have the dough to complete the deal and some parties knew inside info.. possible? All will be trapped? Ouch..

Thx hng33 for the comments. I did add more Puncak shares today.. but somehow was quite frustrated with its ended price performance.

Looks like it.. if not today's Trading Buy by Rhb-Osk was so stupid.. top 12 losers.. what a pity call.. lol

The price started to drop and drop after the meeting started.. what happened?

Superb99.. you meant 2.83? During this very weak market sentiments, if can close green, should be good already..

As expected.. the price started to go up in the final hour. Tomorrow is the AGM. Do you think it will fail? Think about it.. :)

Starting to go up now.. look at the miniscule sell queues..

Those that panic will sell now.. haha. I agree with hng33 though on this net cash company. Do monitor from 4pm onwards today.. goodluck.

Rumour.. PetGas now becoming cheap.. Sona is considering.. buy buy buy!!!

Oppss.. sorry.. just kiddin' ya.. :D

Agreed.. and I'm confident the sale and the special dividend will be approved tomorrow :)

Be careful chasing a sudden rise without any reasonor news during this bad sentiments time. Gudluck everyone.

Also maybe profit taking or T4 coz the price was much lower recently. The special div prolly will be accepted.. the amount maybe different as it mentioned at least RM1.

Haha.. still ok.. PE only 48.. buy buy buy.. lol

Looks like someone really need to let go huge lots @2.91.. but all lots taken/cleaned up till close..

Wow.. those that bought below 0.7 .. congrats.. fast profit!!!

See also the sell queue now.. Friday?

Last minute.. crazy!!!

Is the intrinsic value now is (1780-1768)/200 = 0.06 only? Pls info.. thks.

Can easily go down and fast.. but tough to go up coz volume is always low..

Muhibah.. in the top 10 losers today.. what a pity.. just after a BUY call and 3.36 TP from Kenanga ???

• nice performance so far Muhibah.. once 1.99/2.00 broken.. next TP 2.08 then 2.30..

• T4 on Monday.. monitor cautiously n gudluck everyone..

• market correction prolly due to profit takings..

• Europe supa green and the US too while oil prices also green. Brace for more upward impact tomorrow.. :)

• or lose money..

note that many still caught off-guard holding at above 2..

• 80% of its total borrowing in USD.. pause and think about it.

• its current price is only about half the average of all TPs.. more room for upside..

• its about time to show its colors !

TP? 2.25 enuf laa :D

+40% and no UMA.. nice.. :D

RHB's TP is lower than the current price.. wow! And oil prices still going south..

Topglov or Kossan or other glove companies will not even think of buying Supermx or they will be seen as supporting ST.. Better bet for em to see Supermx fails..

Weak market sentiments.. majority of counters in red.

WTi Crude and Brent Crude dropped about 3% now.. brace for impact everyone..