If it does, and builds a new support base at that price, the next level might then be 8 sen. There might be some interesting corporate developments. Or some syndicate might decide to goreng. Doesn't matter. We the small fry can only try to catch a ride. But whatever, the capital appreciation in percentage terms will be satisfactory.

Well, @dompeilee should be one of the happy people today if they had held on until today :-)

Sometimes, a seemingly simpleton's strategy of buy and just go away works. Don't know how much it can go. But from 2 sen to 4 in well under a year is a very good return any way one looks at it. Too bad I was so cautious and conservative, and didn't put in much more capital into this one. But that would go against the basic rule of being reckless.

bonescythe has a very good record. Even if he turns out to be wrong later on, his analyses are often sound and worth noting. His recommendations over the past months had produced winners. I certainly make special note of the counters he mention here and evaluate whether I'd risk some capital into these. If these don't work out... I'd cut lose and move on.

Thumbs up to Bones!
He is a clear asset at this forum, coming up with well-thought out posts.

@Jester - Congratulations. #7 in a list of such pros at i3investor is a notable achievement.

No news so some impatient traders had lost interest. Now back to 0.07 again. I'll have to make a decision on whether to top up again or to just do nothing.

weng77 - "Expected Armada will announce for first oil/gas for Armada Sterling iii in Feb/Mar'17 " ... The announcement/news regarding this has the potential to result in a round of share price hike.

But the most immediate will be the Q4 results. All the negatives are already priced in. Armada needs only to announce reasonable figures for Q4. No more impairment would already be considered as `good'.

I was thinking about Armada's corporate exercise from Sept. 2014. In retrospect, the company did the right thing with its 1:2 rights issue priced at 1.35. The Olombendo conversion works had required a significant capital outlay.

Then the oil & gas industry went into a sharp slump. Just imagine if Armada had not undertaken that rights issue. For sure it would have faced cash flow problems. Compounded by the premature termination of Armada Claire's contract about a year ago. It would have been very difficult to undertake a rights issue last year and also the later part of 2015.

It must have been a time of anguish for those who had bought its shares during those 2.00-plus days (and held on). But that's how it is with the stock market. I'm keeping my fingers crossed that it is now on a clear uptrend, and will go back to the level of before Armada Claire's termination. 0.725 at the moment...from 0.50 just a few months ago. Already a 45% increase from the lowest ever point. I think there's more to come.

This is surely the best day in months for Armada investors. I'm surprised the market sees the news about Armada Kraken as being `better' than Olombendo two days ago. And also the gas project in Malta. Olombendo is Armada's biggest project AND is already pumping up oil. Ahead of schedule too. While Kraken is only due to in the next quarter. Well, you don't argue with the market.

EPF had also kacau daun the momentum a number of times. It had probably sold too today. But the difference is, today whatever selling is more than supported by the intense interest in the afternoon.

The next event to watch is Q4's results. Should be announced next week. If there are signs of things improving, it should go past 0.80.

Kim, I've been trying to spot the opportunities which the market gives and act accordingly to these. Have to do some guessing too and plan a general strategy. Technical analysis helps a lot in making decisions. With this counter, the signs are encouraging. I'm very particular about the support level of any counter. It looks like 0.09 is firm. The contra players had left at 0.07 a few days ago, and it's not in an oversold position. So right now the better thing to do is just hold and wait.

I hope I'm right with this one. So far the "buy and just wait" strategy with HBGLOBAL, unsophisticated that it may be, has worked. At 0.065 average price, the present price works out to a 55% annual return (over 14 months). Not outstanding or too exceptional. But any kind of profit is always to be welcomed.

This particular speculation is also a learning experience for me. It emphasises the need to be patient - something which I lack and need to improve on. Sometimes (Often?) the best thing to do is...do nothing. Just wait. But we must put up with the heartache though. At one time, this counter went down to a very scary 0.015. Which is why we must have proper capital allocation. Never put in "too much" in any single counter. If we are often worried at night, that indicates we had put too much at stake. Feeling annoyed and exasperated is okay for that's natural. But not worried and jittery.

Now to continue with the waiting and watching...and hoping the returns from this become even better.

paperplane2016 I agree with your take on Bone. I'm passing up on Rex, but I will always hear what he has to say. He may or may not be right with his calls but I like the way he does his research and presents things. This guy adds value here.

One concern about the NTA of 37 sen is - how correct is this? China companies (and some Malaysian too) had engaged in creative accounting and inflated their assets. So, many are sceptical about the numbers. But in HBGLOBAL's case, the NTA had been marked down from 31/3/16. From the previous 80-90 sen. Which was very odd considering the share price was below 5 sen mostly.

If 37 sen is indeed correct, then it is grossly underpriced right now. When the PN17 status is lifted, it should go up to a significantly higher price. We have seen this before. I'm hoping the same will happen with this counter.

Investhor, the technical analysis looks sound. Looks like 0.09 has become the support. Previously it was 0.07. The volume today is also very good when compared to this counter's average. If the takeover price is indeed 0.15, then there's potential for another 4 sen on the table. Percentage-wise, this is attractive enough.

I'm playing safe by taking profit with some of the shares. Just in case... But I'm holding on to the rest and wait for the announcements and news before doing anything. Had waited for 14 months so what's another few weeks.

@Sabarudin, I hope you are right :-)
Some people already know what is being proposed in the restructuring plan. Based on the scant content in the monthly updates required of a PN17 company, a reverse takeover is one of the possibilities. It was supposed to be submitted by 31 Jan but the company, through SJ Securities, had asked for an extention. I believe they are in the final stages of this.

China companies have been cold shouldered by investors here, and for good reason. Especially due to questionable accounting of assets. Many have gotten burnt. But there are a few attractions with HBGLOBAL. Including of wanting it to be a platform for Halal food products. One of thecsignificant shareholders is Shahidan Kassim. Whatever one may think of him, can't deny that he has connections. I'm sure he wants to salvage his investment in it. Another shareholder is a unit of PNB which has clout too. In times like this, we the small fry need people like them to do something.

Investhor, that's a possibility. "Something" is definitely going on here. It's one of my counters in the "High Risk Speculation" portfolio since more than a year ago so I've been keeping tabs. A few weeks ago, some investor started picking up consistently from 0.04. Very patient - he didn't go for the Sellers' price but just waited for others to relent and sell. He might know something but didn't want to create attention. Then others likely heard something about the company and came in more aggressively. That was the start from about 2 weeks ago when HBGLOBAL went to 0.10.

When no news followed, many contra players decided to cut loss and the price came down to 0.07 just two days ago. But since yesterday, interest has returned. Somebody knows something...

Hopefully EPF doesn't come and kacau daun by selling. It has been reducing its stake the past few weeks, and disturbing the momentum whenever it does so. But if Armada manages to close near the highest point later today, that will bring back the traders next week. After that, it will depend on the previous quarter's report. If there are no more big impairments, Armada should claw back the drop in the share price.

Resistance seems to be at 0.80. Let's see how this obstacle gets sorted out. The momentum is definitely there. But it needs to consolidate at one point after putting on this much over the past few days. Must remember the contra positions that just came in.

0.80 is the fair price based on the last reported quarter. Now the share price has caught up after the overselling. The Q4 results are what will matter a lot now.

The closing price is better than what I had hoped for - highest point.
"Syndicate goreng"? For those with Tekseng shares, that's a great thing. Please goreng some more. Let's see it goes until noon today. If there are signs the rally won't hold, then it's prudent to play safe by taking some money off the table. If the technical indicators remain good, just hold on during the inevitable correction. At least until the quarter results are out.

Shut out the noise of those making Sell comments without anything to back these. Their records have been very poor. I'd look at the technical indicators rather than care about such comments.

The Q4 results will be crucial. Especially in how the solar division is going. I feel the price had been beaten down too much over the past few months. Even with those disappointing Q3 numbers, 0.66 was way too low. This is a dividend-paying counter.

A good day for long-suffering Tekseng investors. Don't know what the quarter results would be like but I'm more interested in the trend. Today is a great follow-up from yesterday's encouraging performance. Have to see how it ends in the afternoon. If the closing price is not far from the highest of the day, then it points to better days ahead. Especially if the quarter results are okay enough, not poor.

I wonder what's the news on it? No announcement at Bursa. But probably something to do with its restructuring proposal regarding the PN17 status.

This is a quality post which will be useful to many people. Hopefully we will see this kind more often here.

AT LAST! Something had stirred this long-time loser into life this afternoon.

Needs to end the day not far off from the highest point to sustain the momentum into next week. That will confirm JCY is on an uptrend, which will attract traders again. The past couple of starts had sputtered after just two days. Hoping this time is for real.

Wait for the recent contra players to sell first. Then come in.

Angielim9955 Making losses every quarter. So every 3 years Hubline will come up with a rights issue. Just to keep the show running and for the Board of Directors and upper management to continue getting their cushy allowances and salaries. It will have to consolidate those billions of shares. The price needs to be above par value to make a rights issue.

Nothing exciting about this counter. But the fact that it's "plantation". It's something to squirrel away in your portfolio. Buy and just let it stay there quietly. 1,000 hectares of land may be 'small' when compared to even the lower rung counters on the main board. Theirs is at least 50 times more. But just wait for the tide to raise all plantation ships. When the better-known counters start to be overpriced, investors and traders will start to consider the minnows like Matang.

Not a bad buy. It has solid assets - freehold land with oil palm on them. 30% premium above the net assets is reasonable. If CPO prices are maintained around the RM3k level, plantation counters will be in the spotlight again. There are already signs of interest picking up in this sector. Will have to wait and see whether this company will also pay dividends.

@fl888 I'm very sorry! Wasn't aware of your comment from several weeks ago. Had not been to i3investor for awhile. As to your question - I'm no expert when it comes to financial analysis of a company. I'd just look at the simple basics like PER etc. And then scout around for others' deep analysis :-)

With NETX, as mentioned previously, it's a pure speculation for me with a very simple strategy which some will scoff at: Buy and Hope. And just wait until something happens. Even if that is a few years ahead. But today is very encouraging. We might have the last laugh if momentum builds up.

0.63 looks to be strong support for now. Armada had absorbed the selling by traders who became jittery after the drop in oil prices last night. Let's see how the afternoon session goes. If it closes higher than yesterday, the uptrend is still on. The immediate resistance is 0.66.

By the way, we should be hearing the previous quarter numbers after Chinese New Year. For Armada, if there are no more impairments, the price will make a significant recovery towards 1.00-plus. Especially if there is positive news on the Armada Claire settlement.

A much-appreciated compilation. THANK YOU. LC Chong is one of those who provide valyable resources and deep analyses for investors. Would do well for readers to receive alerts of new posts at his blog. A wealth of information that helps us to make informed decisions.

It's almost back to the price after the share consolidation and rights issue. Adjusted to 0.13 if I'm not wrong. Then went to around 0.10...before it started to creep upwards.

A similar sudden and severe plunge happened a few weeks ago. But Amedia made an immediate recovery on the same day. Now it has happened again. This looks to be a syndicate at work. But what's the game plan?

That part is very true. The abbreviation might obscure the name for some people. Diethelm especially. It's not like anyone can easily come in to challenge. Well, they can. But unseating an entrenched incumbent will always be tough.

The price looks to have stabilised. The weak holders appear to have left.

This is a counter that we'd need to hold on for a certain period. But the buying price must be towards the lower end to provide a buffer. I am still waiting to come in, on the basis of "palm oil". There is also the other business of health services. The potential capital gain might not be 100% but in an upswing for plantations, it should be at least satisfactory.

No less important is the preservation of capital. Important when Bursa Malaysia is in a rather shaky position and seemingly `safe' counters enter a slump. Like Axiata. TDM and plantations appear to be more solid. I would only get alarmed if its support doesn't hold. Buy and just wait. This isn't a contra counter.

Good analysis by @sumato88. I don't have any shares in DKSH but I'm looking to come in. The problem right now is the trend. Exacerbated by weak holders panicking. Must wait for the counter to find equilibrium first. I believe it will be sooner rather than later. After the weak holders have left.

Another day of dropping. But it has managed to recover from the morning low of 4.16. Must see how the it ends in the afternoon. The sellers might return to liquidate their portfolio. Wait-and-see appears to be the better strategy for us the small fish.

I feel 5.00 is a reasonable target. In an upswing, this is the kind of counter that can add 15 sen in a day. But first things first - this very critical matter of the bottom. It LOOKS to be stabilising at around this level. But it might be just a temporary respite. That's how it was earlier in the week. Around 5.50...and then still slipped further.

I hope I won't pull the trigger too quick. But have to admit, it's very tempting to click the Buy button at this price.

The investment bank analysts aren't too surprised by the results though. No Sell call. Just Hold. I'm very sure many people are eyeing this counter and waiting to buy. Small fish like us and also institutional buyers. The only worry is whether some big players aren't done with their selling yet. This price may go lower. But it's definitely better than coming in at 4.50 just some days ago...which was better than 5.00 which many had paid for. Eventually we will have to take a deep breath and click the Buy button.

Friday... Even if one is so tempted to buy at this `low price', I think we should just let it be for the moment. Hold on to the intended capital for now and wait until next week. It's okay not to to catch it at the lowest point (although that would be very nice). But it's more prudent to at least see a bottom first. Have to keep an eye on it though. I believe when the selling is over, there will be a sudden significant rise as bargain hunters come in.

4.31... I'm really itching to buy. But will feel reckless if it slides further. Must be reasonably sure of a bottom first.

The Media Statement at the link above tries to sound cheerful. But investors are obviously disappointed by the results. Has that fine in India been accounted for? This is a dark cloud hanging over Axiata.

Sooner or later the selling will be done with. The question is "When?".

JackMa123's previous comments have become intriguing in light of today's trading. From 22/11. He knew something was going on.

I have some Tekseng shares, now in the red. Will make a decision on what to do after assessing the quarter results first. There might be less revenue and profit. If that's the case, will have to see by how much and why. If the growth story still holds true, then I will average up...when reasonably sure the bottom has been found.

After doing research and making a buy decision, it is often better to just let things be. Instead of obsessing about the share price several times a day. With an investment (as opposed to speculation and trading), the quarter results should be the most important aspect.

Ah, this is interesting. The sudden spike in interest late during the trading session. Are speculators turning their attention to JCY again, or is this just a flash in the pan? Let's see whether this is sustained tomorrow.

@Junichiro's comments from last month are the most informative and useful. Shown to be right. His reading of the charts and assessment are accurate. This looks to be someone whose comments are worth taking note of.

Very reasonable strategy here. I'd say 12 months would already qualify as "long term" with some people. We don't have to set it in stone. If the situation changes, it can be less. Or add another six months.

I'm going to load up on export counters too. Waiting for dips to enter. And then just wait.

It was reported in Harian Metro (or was it Sinar Harian?) the deceased had left a note. Only the police know the content. It looks to be a suicide. If that's the case, and not foul play, the decision was made by the deceased. We don't know much about him. Just bits and pieces, and speculation. But it wouldn't be accurate to accuse others of being responsible when the final decision was made by the deceased himself.

powerrangerhuat - Managing capital and risk is something we must always watch out for and improve on. Some things are common sense but many choose to ignore. Nothing wrong with punting, speculating and trading. But must watch the capital allocated. Never ever go all-in on anything. No matter how confident we are. This is one of the cause of trading accounts getting decimated. And it's also okay to be wrong. If something isn't working out, the next best thing to do is to try minimise the loss. Must live to fight another day whenever victory in one battle is not possible.

blurG - You got at 0.02? Now I'm envious! Percentage-wise, that's a significant difference from 0.025. This is one of the problems using Maybank IB - carry-over Buy/Sell orders become new ones every morning. That means I lose my place in the queue.

No guarantee of anything, of course. It might go down to 0.015, 0.01 in future. But that's how the market is. At 0.02 however there's a comfortable-enough buffer. The key is in limiting our losses to a minimum in trades and speculations that don't pan out. And maximising the gains in those that do. Big winners will not only cancel out the manageable losses but also result in nett profit in our account. That's all that matters.