Afternoon may red again...

I am coming in later to buy more

Just buy more and keep

Good news as expected

https://www.thestar.com.my/business/business-news/2018/09/24/sapura-energy-bags-contracts-worth-rm815mil/

Big news. Expect a big jump today.

Short Term target is about RM0.50

Enjoy your waterfall

Notconfused, sure thing. Just leave the forum and they no longer appear.

wow...stockraider, you put bring the term "Ah Beng talking" to a whole new level but good analysis nonetheless "loh"

Gkent volume building

Got a lot of dumb selling everywhere today...

"I rather buy wonderful company with fair prices than fair company with wonderful prices" WB

Buying MYEG is slightly better than buying bitcoin now.

When it comes to HSR , the entire market involved even F&B....lol. Crazy Rich Asians.

Margin call means buy more for me :)

Just bought more :)

Once KYY average out, he could buy in more again. Over the years, from observations...his decision to buy or sell was never influenced by this forum or anybody. That is why his gain is often above 300%.

Congratz to CIMB for the stellar performance :)

I am with Icon8888, a sound strategy to me. Still collecting

yum yum come down

Tomorrow, enjoy your music ok? Because you r going to face them.

Such rapid rise not healthy so when you buy, just be careful.

You are selling, I am buying. Period. Swim alone if I have too except I know that I am not.

Ercl and rail is a small part of Gkent. Major in metering around the world, so in way the bad rumour was the best thing ever happen to Gkent. Just buy for mid term hold.

Don't confuse share balancing with complete disposal.

When a good company is depressed, there is a historical investment strategy known as double-up and it happens about 2-3 times. The double-up caused by compressed price when a company price is way below par true value (NTA). When this happens, a shooting star phenomenal occur bringing price up between 10-20 cents. Unfortunately, it will come least expected often to the shareholders who has already position their share upfront.

Yesterday, there's 2 important indicator. Broke the 1800 points indicated market is gearing towards bullish momentum as well as Gkent broken first resistance, the next resistance is quite far away at RM1.60 which is a good sign.

If anyone is buying this counter, will be based on purely speculative especially as it is about 1.5 times overvalued. Your share earnings comes from foreign buy in rather from company's profitability. I am not playing this game. All the best.

Don't create your own bitter and swallow it.

The market is in red due to rhetoric remark by Mr. Trump to penalize China more so as the results, the Trump man always instill fear perhaps so his family can benefit the market from his news. He is a really a smart guy, knows how to manipulate to his advantage.

As for Gkent, equity market is not perfect. Sometimes when a person is willing to sell you a Mercedez for 50%, it is really a discount. No other factor. Equity market is stupid because it heeds to people's greed or fear and nothing about the company itself. For Gkent, you need buy on people's fear not greed. A falling knife will be your greatest ally.

All the best

Apparently MACC is going to issue a charge but wasn't clear whether it's MRCB, Gkent or Or Prasarana. The charges is towards RM4.4 billion on top of access 9 billion above budget ceiiling. They are going to point finger.

Practise caution these few days because of possible reversal pullout from foreign investors that causes limit up last week. They are sensitive to news like this if they opt out, could be the same fate as Facebook recent fall.

TA wise indicator showing downtrending lukewarm reception after support broken.

Heavy sell call could come once S1.47 is broken because of today's news. Apparently government is blaming Gkent and another company for the debt rise.

https://www.thestar.com.my/business/business-news/2018/07/30/blame-game-in-lrt3-project/

Since by 31st dateline, if right issue is conjured then price might further erode.

It seems going down. This news came today. https://www.thestar.com.my/business/business-news/2018/07/28/court-of-appeal-dismisses-jaks-bid-on-bank-guarantees/

Monday could be another spell of force selling.

Just to remind of the next support tested at RM1.47

Fundamentally, despite litigation the rumors again overshadowed the potential of the share price. This is good news for investors of course. P/E is just hovering at 4 plus with EPS of RM0.27/share price and now trading near tangible book value calling for a technical buy.

As to rr88 remark, yes Technical cannot be used as a sole indicator of market movement. External factors can influence in some ways. That is why Technical gone haywire right after Malaysia's Election. So I tend to combine both financial + technical in my investment. One example of TA is Mass Index. In short, you only got so much bullet with you. Once your bullet runs out, you can only wait or sell. When the price starts falling, with your limited bullet you can choose to get lock down or sell. Historically, people dislike lockdown and will force sell.

Once sell-down occur, the market corrects itself and you got bullet to buy the next price you think it's good. Hence, the support line must depend on mass support to go up. Yesterday, I said market will be tested at RM1.47 because that's where you got bullet "but" you may not buy. TA is not everything but it has helped me to gain most value for my investment if you use them to your discretion. And true, not all comments matter :)

I notice stages of support is overcame by sell movement prompting upcoming market corrections. There's 2 scenario here. MA50 indicator says that market could correct itself at next support of RM1.40. MA20 however said market could correct itself at RM1.29 with 5% error percentile. As for now, it will be depended if support at RM1.47 is intact or broken. At your own risk.

Anyway, it is still far from goal. Their dividend payout is good so my suggestion is keep this for golden eggs and stop selling for short term gain.

There are few stocks that I wouldn't touch and this would be one of them. The company has always trying to secure monopolistic position by locking in government tender. The share price might goes up because of so called "potential future earnings" but when anti-monopoly legislation comes in - it sends the share price down to panic level. So unnecessary.

Be careful...all the best

Technical support is now at RM1.40 which overcame selloff earlier. The bullish support against selloff is good news. From momentum benchmarking, short term traders seems to be holding on to their shares to expect another strong price rally the next few days.

If you read my earlier thread, my target price is RM2.30. However u can take Kenanga's price range because it is pretty accurate. Anyway, I am happy some of u made money :)

Was working out with some my team analysis that GKENT target before LCT3 project should be +/- RM1.80 which explained why share buyback was initiate aggressively especially the last few days. FYI GKent, dividend yield is close to 9%, P/E of 5.6 and PEG of just 0.40. - in short, you are buying a Mercedes at 60% discount. Now that LRT3 project is back on, it should be trending towards RM2.30 during the next few weeks. And no, momentum force trend line says its not going down anymore. So those who missed the RM1.30 mark, not to late to buy now. All the best.

Don't look at target price or you will never buy in. One of my experience is you can never time the market. Instead, look for fair price. Market will always consolidates itself. (revised)

Refering to Ray1980, while it is true public listing company will get lesser with present government in terms of earnings, it will also gear them to focus on contracts from other sources. And to say you cannot earn from government is an understatement. It was more like previous times the company's in relation to government project is absurdly high profit margin with low quality material and work; remember the collapsed stadium incident? I don't know whether to laugh or cry. A bit of both..

Personal view on LRT project. I strongly believe government will not scrap off ECRL, LRT and even HSR (probably just deferring the project). I would like to think Singapore is trying to help the Malaysia government to recuperate by allowing some time for them to recuperate their finances. Because it would be a bigger loss to cut off existing work unless it is deemed to be a futile development that potential loss is greater over revenues. Present government has no intention to liquidate on just any companies unless they can find jobs for displaced employees. Instead, they will just want greater transparency in near future over government related projects.

No need to shift to Gadang. Instead you can buy both Gadang and Gkent. Both is below general industrial P/E level with good cash flow in their hands. Generally, for fundamental companies this is a good time to buy as much stock while sentiments towards macro is down. Generally, more will go out to the sea during low tide and when high tides comes, you enjoy watching it from your window.

Don't worry you all. Whether RM0.88 or RM1.10, don't wait now. Just buy and keep it for your next year ang pow. I have already done the math but too lazy to explain it here.

Lol, I am happy for bad rumors towards good company. Especially those with no access to internet and depended on word of mouth from emotional driven sources, better still.