expect adjustment will happen soon in coming days before GE. Stay cautious. If the G20 f2f meeting nothing conclusive the ban will still ongoing nothing will change included Inari using US technology in their operation.
@wallstreetrookie, dont think yourself so big. There is no reason i want to inverse you. We all just want to make money in share market, there is no time to waste on small little thing that you think ppl is against you. If you think this stock will hit 3.50 then let it be. I can tell you the same as i dont think it will go so far. Fair speech ok? Buy at right time look at share price movement is the key to win in share market, my 2 cents to you. This is nothing to do with what the IB said or upgrade. If this is so true ppl just follow what the IB recommend will do there will be no loser in stock market.
The statement from SEM about Unaware of Reason for Share Price Rise was a little confusing. SEM been doing share buy back almost everyday since start of Oct, and yet they claimed that they are not aware of anything...
Hard to believe SEM is doing share buy back at price 2.380
Immediate Announcement on Shares Buy Back Company Name 7-ELEVEN MALAYSIA HOLDINGS BERHAD Stock Name SEM Date Announced 01 Nov 2022 Category Immediate Announcement on Shares Buy Back Reference Number SB1-01112022-00009 Date of buy back 01 Nov 2022 Description of shares purchased Ordinary Shares Currency Malaysian Ringgit (MYR) Total number of shares purchased (units) 1,550,000 Minimum price paid for each share purchased ($$) 2.340 Maximum price paid for each share purchased ($$) 2.380
As rule of thumb, no matter how attractive is the fair price, never buy a stock that is on down trend. Just look at the share price, is been on down trend since 2014. Even if you buy today, you never know how long your capital will stuck in this stock for how long. Stay away