If you notice the announcement, you will notice IOI has been purchasing their own share all along since the beginning, so how can price shoot up when they "start" purchasing again...

Man....I'm only trying desperately to avg down my investment from the high of 4.39. Only managed to lower it down to 3.7. Initial investment is way too high to lower it down to near current level.

I think so too, if want to buy and hold mid to long term, its is a good price to start entering....unfortunately I hold the original 4.39 price and avg down only to 3.97. To avg down further to more "acceptable" level level, I need double amount of dough which I do not have.

Ooi, although going up is good due to the Putrajaya properties news, to hit above RM3 with overall property market on the downward spiral along with uncertainty of oil price war and US global economic effect, is abit hard to swallow.....and you can bet EPF WILL SELL big time again when price hit high level again....they never disappoint in that expectation. If not how to maintain over 6% interest (so it is good for EPF and out pension saving).

What is the catalyst for it to begin flying? Nothing in near terms from what I can see. If this counter keep churning high dividend and gives it out twice a year. I will be content to keep it for long term.

Really long term. It's good that they give out high dividend to appease the current holders.

They have been buying back share for sometime liao..

Why grabbing while it is still high, I spend lots to avg down to 2.54. You should only get at least when it goes below 2.50.

Still at current property market condition, suppressed SG market and still troubled china market, I still don't see any major catalyst that can lift the property market upwards that high in short term.

Oops...sorry, post at wrong counter...on the last post.

Its actually buyback that also contribute heavily to the hike earlier.

Sure or not, the last time I get in at 2.66 drop all the way down to 2.5+ then onward to 2.4+...Had to avg out twice. I'm still not convince that the current price is sustainable in short term as I don't see any major catalyst yet. Singapore still in a mess, Malaysia no need say, China although have news on government "intervention" might not give any near term result.

You should only avg down if there is high potential of it going high up in near future. Even if the india's catalyst works, it will be mid term or long term future in this case.

Caiyi, I make even greater loss than you but did not bother avg down coz avg down will tie up your extra dough further and still making major loss. You have to be prepared to tie up for at least a couple of years based on current situation. So just leave the share in, wait a couple of years, see if can cut loss at smaller amt, once they manage to get the indian plant running and if recover from some other source.

As long as the net profit is more than 8 cents per share, then only worth it. Unless someone gonna cut lesser loss or need the dough to reinvest in counter with more short term potential.

That's becoz of the "high" dividen they're dishing out. Once reach Sept 27, it might go down again...

This counter is one of those rare counter where price goes down upon good news...again and again.

I think he's only implying EPF is the possible culprit again for holding the share back or like last time, push it down hard...

I think we already know what Mr. Koon's political stand is when we listen to his investment advice. I myself is making quite a financial loss here as well...with the no downside risk argument on this share...unfortunately that comment has totally collapsed now. Now don't know to cut loss with at least 30-40% lost or since its already so much, might just wait it out. Still cannot blame Mr. Koon for it since its my decision to buy without checking out the risk factor properly.

The fact that any viable income will comes at least on FY15 or later means the current currency changes has not effect on the profit of the plants coz currency are pretty volatile and changes quite frequently.

fong7, why the currency news when the plants there has not even been fired yet thus nothing to convert.

Don't see any real catalyst in near term that it will fly. Already avg down twice liao....cannot afford the 3rd time..holding mid-long term.

Don't see any catalyst for it to happen.

Not within this year or even next will it rebound that high..

Unfortunately, without ANY new order to replenish their order book, the price will keep going down or be suppress even with firing of the coal plants. Die liao....

EPF is earning money for the rakyat including me, better than only minority huat..

So the best time to get into Skpetro is actually on 9th?

Did not follow news recently but what suddenly spike up the price?

Only saw RM2.49 15 minutes before closing below my RM2.5 target price. Posted buy option to avg down but too late...stop trading probably a minute after that...

Investor, any catalyst in 2-3 months that we should know?

Probably coz the tan sri come out say something good abt "future" of properties pricing...

http://www.theedgemalaysia.com/business-news/293189-klcc-reit-joins-fbm-klci-ioi-properties-dropped.html

He is, he still got 20 MILLION JT share. He need the dough to diversify to THPLANT, SARAWAK whatever. He got in when everyone is panic selling when price drop and sell when price is good. I don't think that is twisting his word. Only ignorant ppl will stay put when profit is there to be made and when other counters drop (those that he wants), of course one would sell part of it to raise tho to get in. He ain't stupid and he DO make a lot of money. When he is initially "telling" everyone to consider JT, it IS at RM2 to RM2.30.

Should have gone more for IOICORP, the last time I buy into that but then my money is tied to this counter at that time, when I decide to sell PG to raise fund for more IOICORP, the next day, IOICORP shoot-up skyhigh....really regret entering this counter then and tied my money for long term when IOICORP would have earned me a bundle in short term then...

Avg 2.63

Rather than sell, I'm actually considering buying more but only if it goes lower than RM2.50 which is both a good sign to buy or a bad sign if I suddenly needed cash..

Unless you want to cut loss. If you can hold this for long term, ie at least a couple of years, its not an issue yet. When I buy into this counter, I'm prepared to hold it for a minimum of 2 years and above. Tot I'm buying it low liao...turned out can go even lower. Property market will surely recover in future....just don't know when yet. I'm betting on that on long term basis. For short term trade, I would prefer to wait for catalyst to bring it up then sell....since current quarter report is pretty bad vs last year quarter, you will be selling while its at its lowest...or not.

Unfortunately its true, its likely to be remove from FMBKLCI as the market cap is position at 46 or 48 out of top 50. The lowest FMBKLCI requirement is at 36 out of top 50. So it will definitely be drop.

EPF sometimes buy low and then sell immediately when the price goes up even if its only a few cents.

In reality tho, I should not have even worry since I'm not targeting short term trade, so even if it rise above RM3 in near future, not going to sell. But still if price drop too low away from my purchasing price........

If hit ipo ref price of 2.51, will be "forced" to avg down but the funds are tied at other counters as well. No fund left for now.

Currently 2.63

Shit...its going downwards again. Too big a gap between our purchased price and current makes it harder to recover back investment even with it rising later. Really regret I bought 2nd batch at 2.66 straight when I received sufficient fund. Should have waited till they release report since we all know its going to be bad. Then can collect cheaper and avg down instead of up with my 2nd purchase.

IOIPG re-enlist WHEN the market is going down. So its expected. Even UEMS counter is dropping and suffering with "bad quarterly report".

I hope not. Since its introduction in January, it has gone low but never go below its IPO pricing. I can accept RM2.5++ figure and wait but if it goes below that, I would really be worried abt the stock.

Fundamentally strong, this counter is still good for long term trade (2-5 years) but at current property trend, not a good choice for short term trader.

If really exit FBMKLCI, everyone who buy into this counter die straight. This first person I would curse is the one who curse it to exit..

The greatest fall in CPO pricing in 4 months due to stronger ringgit and weak foreign market triggers these massive selling.

Investeye, the worst case scenario will be below RM2.58. That will begin to go below the IPO price and that is normally not a good sign. In short terms in makes no difference whether it go below or not except for decision on whether to plunge more dough in to lower our cost and test our long term holding strength.

The share buy back is on very small scale only. There will be no impact at all on the counter.

It is possible everybody is waiting for the transfer, then only begin selling....the price might go downward instead. Currently good CPO trend is helping it maintain its current pricing.

Currently there is no foreseeable catalyst for it to move up. Price will move very slowly or not at all. Unless the dividend is high or you're going safe with minimal downside risk, it is not really the counter to go for a short term trader.