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2012-09-11 22:00 | Report Abuse
Syndicates are trying to leak the price to lower level hoping small fishes to jettison ship and then they come in to reap volume at low price. OSK might be waiting for the Budget announcement before making any announcement of their plan...So, bottom-line is that, like Mat Cendana put it: Your patience with the sale to RHB might be rewarded in the near future....expect the syndicates to leak the price to below the psychological support level at 1.35
2012-09-11 17:28 | Report Abuse
Yup,their plant in Saraburi,Thailand might be affected if the flood worsen.
2012-09-11 12:44 | Report Abuse
Will expect it to go further down to 0.86 and trying to break 0.81 if macro economy continues to worsen. Keep our fingers crossed it will rebound at 0.86 (Fibo retracement).
Stock: [NEXGRAM]: NEXGRAM HOLDINGS BERHAD
2012-09-12 12:42 | Report Abuse
I expect it to go further down to 0.09 before retrace. 0.09 could be a good entry point and sell with short gain.