It is unconscionable for Rakuten to push this stock when D'Nonce had a lousy quarter. For folks commenting on stocks regardless of this or others, should really make know if you are holder of the stock, so that your vested can be evaluated accordingly. Penny stocks are playground for gamblers and con-artists...not long term investors..This one is NOT for me.
@LongTermInvestor8, @5354 this is a Heineken forum, they have their own forums for you to push MPI or commenting on BAT. I believe if you are patient you will be rewarded for holding Heineken. Two catalysts: 1) Virus abates, vaccine made available. 2) Securing dividends
@Jack888, thank you for revealing your trades, but isn't this a PPB forum? @RainT, fridge/freezer? Shouldn't it be 'under the pillow', that way you can sleep soundly...Just kidding! I agree that PPB is a hold
Isn't this a Nestle stock discussion forum and NOT blatant promotion on one's blogs??? @stockraider? It is simply bad form. It is OK to discuss general economic, specific Nestle related (compeition, financials..etc.) but not overt whipping up frenzy for self-promotion.
I don't fully understand Malaysian stock investors as to why there appears to be pretty short-term/speculative chit-chats...KLSE is simply too small to day or swing trade reliably. Most of the mega and large caps are either multi-nationals or large local entities - that institutional investors favor (incl. EPF)...so mucking around penny stocks may be fun for gamblers..there is a lack of transparency with many local stocks...As an example, take ANALABS-=7083 (fully controlled by 1 family....CEO/Chairman/Wife/Sons.. you simply cannot invest nor speculate..it has been hovering around RM1 and there simply aren;'t enough buyers and sellers to trade...Yes of course you can be lucky with Covid - hence TopGlove...etc. Even though my biggest position right now is QL, I don't plan to sell anytime soon - it is a consumer staple..that has growth potential - so I just don't spend time fretting about it. I expect QL to do very well over the next 2-3 years and easily a double digit stock.....for what it is worth - my 2 sens
Leveraged ETFs are VERY volatile instruments! 1) What goes up X, often plummets more than -X, 2) These ETFs are often disguised as ETNs, regardless, they do have 'tracking' errors, i.e. you don't always get X, you get nX, where n is < 0 3) Even in the US, there is a move to delist these, while I am NOT familiar with BURSA rules, these leveraged assets are short term trading instruments used by professional traders and institutional investors, so having sufficient assets, make sense to me
Many of the so-called 'analysts' in Malaysia have been under-rating this stock. If you look at my previous post, I stressed that this is an institutional investor stock - excellent management and Nestle is re-positioning its product portfolio across the world. If you want to gamble for quick flip...this stock is not for you....just leave it to the patient and the wise.
I think it is very irresponsible for folks to post malicious rumors, as we have stated before, Nestle is a consumer staple and very well managed company. If you look at my previous posts, as it has turned out, the stock is range bound between 150.6 and 142.80 in the past year. The recent high of 155.80 was Feb2nd2018 and the low of 131.40 has not been tested since May7th2018. Simply put, this is a long term hold stock and it may take a little longer for the breakout to the upside to materialize, in the mean time, enjoy the dividends and stop complaining. It is not a swing trading stock, and KLSE is NOT a day trading paradise. The volume is too small and whatever volume is dictacted by the institutional investors and pension funds.
Look at what happened to the stock price on Apr4th 2019 - pure manipulation by the corrupt executives who completely control the share ownership.....stay away from this toxic fund or you will make that family more corrupt! Let them stew in their own greed
@Jon Choivo: Not everyone can afford to buy BRK.A or BRK.A, Apple (AAPL) trades around $220USD a share...Brighthouse financial is in the tank, 52week low... unless you have RM 250,000 or more! Realistically to own the kind of shares that you are recommending you need to have RM 1Million or so. The choice is you either buy penny shares in Malaysia or bluechip like PBBank, Nestle, Panasonic..etc. GE is in the toilet..
In the end, I think to each his own according to how much you have to invest and how much risk you are willing to take and your investment horizon.
Panasonic is a relatively conservative electronic consumer products company and has a strong brand name. A PE of 19.83 maybe a little rich but having said that, will you pay 20cents for a shocking pink shirt that was yesterday's favorite color? or will you pay RM20, for a cotton blue shirt ? Stocks are cheap for a reason - stocks have to live up to expected future earnings. So a forward PE would be more relevant as a measure relative to its potential growth.
Panasonic 200-day average is 36.95 MYR, It traded below from Jan18 and rose above it on May16 and has traded above it other than July19. If it breaks 36.95, the next resistance sits at 33.01 MYR. Considering that if had bought this stock in mid Nov 2017 and held, you would have been rewarded with 6.3% dividend (assuming that you bought around 37 MYR - with 2.33MYR dividend). Bank fixed deposits for 5 year is less than 5%!!
In short, I agree with @paperplane (who obviously is a fan), if you are fortunate to own some, just collect your dividends and hold if for 3-5 years. You will be handsomely rewarded.
As for the price action of Nestle: The 200-day moving average sits at 138.20 MYR, so unless it breaks this level and 125 MYR. you should not be too concerned. Near term resistance is 150 Ringgit and it has support is around 142.50 MYR. Nestle is a consumer staple stock as I mentioned in the past. @pang72 and others, if you consider that other emerging markets around the world has plummeted 30-50%, Nestle has held up exceptionally well. Just bank your dividends and hold it for 3-5 years, in my opinion you will be well rewarded.
I think it is irresponsible reporting to attribute, the boy's stomach cancer to instant noodles. Go google the stats for countries that have high incidences of stomach cancer.
China #5: "Cancer has a relatively low chance of occurring in China, except for stomach cancer. According to research, some of the main causes of stomach cancer in the country are preserved food, stomach bacterial infections and genetics. There are certain types of people that have a higher chance of contracting the disease based on their DNA."
As has been stated in this forum, PANAMY is NOT a stock for quick in and out trading. On Jun13th, if you had waivered during the day, you might have sold it at RM 35.6, but it did close back at RM38 (S2 not violated). In fact since May16th, (S1) has not been violated either). This is really and institutional stock, the major moves are > 100,000 trading volume. There are only 3 major down days of any significance (Dec21st2017: 201K: RM38.98, May24th2018: 171K: RM38.8, Jun5th2018: RM38.3). All three have >100K trading volume and all three closed above RM37.83
So my advice, is to stop fretting in this forum - it is a buy and hold for the long term. If you want to make a quick ringgit - perhaps you should consider swapping Starbucks coffee for Mamak's teh tarik. You will save more money! Happy investing.
From my point of view, the 2nd shoulder is still being formed. The good news is that since May23rd, the stock price has hovered around RM146. Given that Support is at (RM144.26 - S0, RM139-S1, RM134-S2) and that just before election on May7th, it closed above S2 at RM134.55. If you then consider that Nestle issued 2 warrants on Mar 27th and May 22nd with an exercise price of RM160 and RM168, maturing at Dec 31st and Nov30th. The bottom line is HOLD for the long term investor (which is what I am doing). For the bandits, who want to scalp, I will say it again this is not a highly volatile stock, it grinds up or down a litle - it remains an institution's favorite.
There are 2 options on when to buy, either you wait till support bounce back at RM 37.83 (S1), RM 35.99(S2) or you wait for final confirmation that there is high volume beyond RM 40.79 if you are ultra conservative. In any case, I think I have said this before, when I made my purchases, it was around RM 39, even when it dropped dramatically during mid-Feb, I never considered selling and I still don't, because I want this stock as part of my long term core holding. :)
Yes, volatility is the mothers milk for Traders. KLSE market capitalization is relatively small. There are many penny stocks that attract gamblers and mostly less informed investors. The BIG money comes from institutional investors like pension funds and foreign funds. These investors do not invest in penny stocks or small to midsize companies. Unless the market capitalization of local companies are at least a few RM Billion, it is unlikely to make he cut
For the 2nd shoulder to be confirmed, it has to break RM136.06, thereafter to test 131.38 and then RM125.03 If it gets to RM125 level, my view is that there will be buyers who will step in.
In any case, my mother sold @ RM154, to lock in her gains for her airfare to Europe. On the other hand, I am very happy sitting tight since I was able to buy some when others were fleeing over the last few months.
I have said this before. This is a stock that is not for day-trading. In fact, most KLSE stocks do not have the volume for day trading. This is a consumer cyclical stock. With 'zero-ing' of GST and lower petrol, etc., if you invest with a 2-3 year time frame, I think you will be handsomely rewarded.
In my opinion, the special dividend is a sign that Panasonic with its huge cash war chest. Since 2006, annual dividend has been >RM1.15, except for 2009 and 2012. Since 2010 only 6 out of 8 years Panasonic declared a special dividend, special dividends have represented 32%-65% of the total dividend payout. So, I don't think that the dividend under threat. If you assume an average of RM1.2 at stock price of RM29, you are looking at 3%yield which is fairly conservative. I don't think you can expect 5.88% yield going forward, even if Panasonic raises the dividend payout, with rising stock price the yield will be attenuated.
If you look at the chart, PANAMY is forming a bullish pattern.
This is a stock that is not for day-trading. In fact, most KLSE stocks do not have the volume for day trading. This is a consumer cyclical stock. With 'zero-ing' of GST and lower petrol, etc., if you invest with a 2-3 year time frame, I think you will be handsomely rewarded.
I am not sure it is constructive to call each other names or I hurl insults. This forum is meant for us to communicate and bounce ideas. Each of us has to make our analysis, place our bets, get rewarded or punished if we are wrong. KLSE is not suitable for day trading, so quick in and out transactions are riskier than other more active markets. Nestle being a consumer staple acts more or less like a blue chip, so in my opinion lends itself to a buy and hold despite the rapid rise of implied volatility.
Klse volume is low and Panasonic is NOT a volatile stock for quick swing trading let alone day trading. There is not much going on until the next financial quarterly results. You are unlikely to make money for quick in and out trades. It is a consumer cyclical stock ..we’ll have also to wait to See how the Election is going to Affect overall KLSE
Consumer Staples are regarded as defensive stocks, especially where there is increased volatility. Election rumors do NOT help~ Having said that, finally managed to snag a few board lots over the recent sharp drop. Ready to pick up more all the way to 90, so kawan, dump your lots, some of us want more Maggi-mee-goreng!
Agreed with Pump and Dump, PE too high..having said that ...hang tight, long term investors can finally get a dip, splitting purchases with pullbacks...so let it drop to 80 or 100 or whatever, it takes both sides to make a market.. dump so I can buy more
Please sell your board lots, so some of us can get some of this 'sweet' stock. It has been difficult to buy 1000 shares on Nestle, so any of you go ahead and dump your100's or 1000's, we are waiting patiently
The big institutions and Foreigners are buying this stock. What does it say about all the local stock recommendations...sell, sell, sell with the crappy price target estimates. I think they are NOT serving the retail investors well. You would have missed out on the rise of Nestle! For the bandits, you might cut and run, for the long term investor....Give me more Milo, more KitKat, more Maggi
This stock is almost wholly owned by the Kan family. They have been manipulating the stock price for years. You are investing in making them rich...Key directors, CEO...Kan.Kan.Kan.... They are many better stocks with more transparent governance to invest your hard earned ringgit