The net asset per share of YTL is RM1.34 based on 31 Mar 2018 accounts (unless there is a more recent release of accounts). Without new projects or new sources of revenue, there is no reason for the price to go much higher than its NTA (higher by a few cents like 10 cents is possible).

If SC really going to send love letter to YTL, then that's good! It shows SC is beginning to do its job (which I'm not impress by its record thus far). Many counters in the KLSE have been manipulated by "insiders" (including certain IBs) at the expense of retail investors. These other counters should be investigated too.

I see the party is just slowly beginning.... the real party may start in the afternoon session.

At the moment, the RM9.98 support is holding up well (may rebound from here).

I agree with KL_Insider, austin_316 & AnchoRage: it looks like INSIDER TRADING.... but to me, if what they did (buy aggressively with family funds & later with company funds) benefit other investors or traders then there was no harm done to others (only benefited themselves). In the business world (especially publicly listed companies), everyone has self interest only; company directors will make decisions that benefit themselves (not for other shareholders' benefit).

The 50 days moving average is still in uptrend.... meaning the long term investors are not selling yet, only short term speculators were selling. The dwindling daily volume also confirms that most people holding TOPGLOV shares are not selling.

@StockGambler: The first support is at RM9.98 and the 2nd support at RM8.90 (those were the prices TOPGLOV rebounded after the sudden sharp fall). So, place your entry price accordingly. Good luck!


Jul 27, 2018 05:29 PM | Report Abuse

StockGambler: Ahh, you guys can keep talking on and on about fundamentals, i just need my chart only.

Where will did it rebound? 9.86, 9.58 or 9.32? Interesting to know. Hmmm




Hope my comment above helps.

3m SBB today just to maintain the price at RM1.31 (but not to push up the price).

^ But they have an excuse for doing so.... they may say they r giving price support for it to recover from the previous sharp fall.

@Betkaukau: That "sifu" only comments on something obvious that everyone already knows & then later claims that he is correct.

Hahahaha!! nice one @limch.... no money, so go to every counter forum & comment non-stop.

^ commenting without facts.... very childish!

@StockGambler: Not sure if the price can shoot up tomorrow but if buy and hold for a few weeks can be very profitable.

Proroy lost a lot of money in other counters.... so come here to make noise.

Around 2 to 3 months.

RSI at 81.25% is in overbought territory..... may move up a bit but very high risk of dropping a lot.

Wait for company announcement at:

http://www.bursamalaysia.com/market/listed-companies/list-of-companies/plc-profile.html?stock_code=7113

Now it is only at the proposal stage.

I already got out of SAPNRG long ago.... I'm back here just to visit old friends and was surprised by so many interesting challenges made against each other.

@Balong: I don't think it is worth taking up SuperPanda's challenge with real trades as suggested by dompilee (her trades only very small amount of money, so win or lose small amount of money never mind); if challenge with paper trade only is O.K. BTW, SuperPanda will never put a single cent into any of his buy call (bcoz he said those buy calls were only to match yours but not for his own investing). So if u take on these two challenges with real money, u r at a lot of disadvantage: SuperPanda will never lose any money bcoz he is not buying anything (he talked a lot only) and dompilee will only make or lose very little money. On the other hand, by taking on the challenge to stick with your buy calls for 2 weeks with real money, u have forfeited your freedom to make changes in your own trading plan (as u would agree with me, people like us need to change our trading plan very frequently, very often even daily).

The Yeoh family (not the company) bought tens of millions YTL shares agressively when it was below RM1.00 till I think around RM1.15, then the company started share buy back after RM1.15. Y the company only buy back at higher prices? The reason: so that the Yeoh family who bought agressively below RM1.15 (as well as below RM1.00) could profit hundreds of millions when the company's money was used to push the price up to RM1.35. Now that they (the Yeoh family) have profited hundreds of millions, there is no need for them to push the price higher; maybe they even want the price to drop back a little so that the Yeoh family can start accumulating more shares to increase their controlling stakes in YTL. This is only my opinion (how I see it) and I have no recommendation for anyone to buy or sell YTL shares at this juncture... u all decide for yourselves. Of course, in the long term the price may move up to above RM1.40 or even above RM1.50 (but this long term TP may be in the distant future).

Fundamentally, YTL is a solid company, cash rich, and a MNC. The share buy back will no doubt continue for some time bcoz YTL clearly has the cash to buy back much much more than what they have already bought so far. However, I sensed some deliberation (slowing down the share buy back).... I think the Yeoh family don't want the share price to shoot up too high (looks like they want to maintain the price at RM1.30 to RM1.35) for some reasons that is beneficial to them (the Yeoh family). No problem for people who want to keep YTL long term; u won't lose any money. But if u want to make fast money & make more profit then there are other stocks that will do the job better.

What if it becomes the next ENRON? ENRON was once the world's biggest energy company but suddenly collapse without any warning. We should be thankful that SAPNRG has been giving out a lot of signals that it is a failing company.... so, we can get out while we can.

RM3.20 to USD1.00 is almost impossible for the next 5 years; even Tun M only aimed for RM3.80 to USD1.00. Actually, forex only affects 16.6% of TOPGLOV's revenue bcoz 83.4% of TOPGLOV's revenue is from within Malaysia (based on TOPGLOV's 31 Aug 2017 Annual Report).

RM10.30 provided a good support recently but a stronger level of support is at RM9.98 and next week it is likely to test the RM9.98 support due to the pending law activity on 24 July (causing uncertainty). So, those who are praying for the price to go lower may get your prayers answered.

If the law activity on 24 July is unfavorable to TOPGLOV, then the price will suddenly drop a lot again like what happened on 09 July but will eventually resume its uptrend like the past 9 days. So be prepared to add more on 24 July.

@Balong: Hahahaha!! In this forum, there are many "experts" in their own ways of investing or trading. At first, I spent a lot of time reasoning with them but I stopped posting in this forum about 2 months ago when it became obvious to me that SAPNRG was heading nowhere and the idea that SAPNRG will turn around after PH winning the GE14 will not materialize. Anyway, every "experts" are entitled to their own view and how they can make money (even from this down trending stock).

This 1:1 bonus issue will cause the price to keep going up until the ex-date of the bonus issue, then the price will suddenly drop to half its final price at ex-bonus date. So, buy b4 the bonus issue & sell b4 ex-date.

@Sam1026: RM12.08 is a reasonable TP for TOPGLOV considering its 2nd resistance is at RM12.34. As for how long to wait for this TP to be achieved, I think very soon (within a few months or even just several weeks from now). The reason is TOPGLOV has proposed for a 1:1 bonus issue to be carried out within this 2nd half year of 2018. This bonus issue will cause the price to keep going up until the ex-date of the bonus issue, then the price will suddenly drop to half its final price at ex-bonus date. So, buy b4 the bonus issue & sell b4 ex-date.

@Balong: TOPGLOV entry at RM9.31 is hard to get, RM9.99 or RM10.00 is more likely can get in (bcoz the 1st support is at RM9.98). It's true that RM9.31 is very low risk entry but it's unlikely u can get it at that price considering TOPGLOV has been in an uptrend for almost 2 weeks (rebounded from RM9.13 low). I think buy at RM RM9.99 and stop loss at RM9.13 can be reasonably achieved.

As for YTL's share buy back.... 4.5m on July 17, none on July 18 & 19, and 3.5m today.... they are insufficient to keep the price up because the daily trading volume of YTL averages around 27m and the buy transaction has been less than 50% (more sellers than buyers).

Sorry, typing error: I started buying TOPGLOV since July 9 (not May 9) on the day when the stock price plunged from RM12.10 to RM9.01 (I bought at RM9.01).

I strongly agree with Balong: SAPNRG has been in downtrend for almost 3 months now; it also has big financing issues (huge debt & fast running out of cash). Don't get too attached to this one company only; try investing (or trading) in other more promising stocks. This is our only freedom: if we find the CEO ineffective or cheating, we can always switch to other stocks (we can't do anything else.... even EPF also couldn't do anything about that CEO).

I have moved to buying TOPGLOV since May 9; I started buying it when the price suddenly dropped to RM9.01 (the price was previously RM12.10 b4 the drop). The price is now RM10.32. However, I did not post any comment at the TOPGLOV forum.... I need to do more research on TOPGLOV b4 writing any comments there.

@babu: U r most welcome! I'm glad to know that my comments were helpful.

Hello, how is everyone doing here? Hope u all have made a lot of money from YTL. More than 2 months ago, I said 1 share of YTL = RM 1.14 of cash (at that time the price of YTL was below RM1.00). As I said, it will not remain below RM1.14 for long & that the price will move up beyond RM1.20 (my TP). Now, YTL's price has surpassed its NTA of RM1.34 a few days ago. It is now at fair value. It may attempt to move up to RM1.40 (its previous price b4 the huge drop) but it looks like an uphill task. Anyway, there is not much to be made from RM1.34 to RM1.40. For your info, I have sold most of my YTL's shares from RM1.25 to RM1.32 (now I left a little bit more that needs to be sold off at RM1.30 today). Good luck to all of u!!

Looks like those sharks want to press it down below 60 sen today.

Yes!! RM1.10 ! ..... RM1.14 OTW within next few days (hope so).

Hahahaha!! All magic are hand tricks!

Magic hand lai liao.... starting to move up now!

@thomboy888: My analysis of this stock is simple.... the cash (per share) value of this stock is RM1.14 (It stayed at this price for some time 1 or 2 weeks ago). The price of YTL should not stay below RM1.14 for too long. There is upside potential for this stock whenever its price drop below RM1.14. BTW, I bought some more at RM1.07 yesterday. Let's see how it will go in the next few days (or weeks).

So far only up about 7%..... hope will end up 10% by end of day.

YTL uptrend still intact.

The price is RM1.19 now.... looks like the boss wants it to go up to RM1.20 today.

Those who sold off yesterday hard to buy back now.... still going up.

Early morning already RM1.10 (70% transaction buy).... likely to hit RM1.12 today!

YTL Corp. has been exercising 4.6 million shares buy back everyday since 13 Jun 2018, plus the Yeoh family continue to buy up 2.6 million shares almost on daily basis. Also, recently EPF acquired 18.9 million shares of YTL (on 8 Jun 2018). So, u think.... y r they continuously acquiring YTL's shares? They must have insider information that we do not know. The only thing we know is they keep buying up millions of YTL's shares everyday (this itself already almost guarantee the share price going up & up). Cheers everyone!

Finally, EPF feeling the pinch from share price drop (eating its own medicine that it gave to retail investors all this while)....

http://www.msn.com/en-my/news/national/epf-sees-rm6-bil-drop-in-investment-value-after-ge14-says-report/ar-AAyONVq?li=BBr8Hnu&ocid=ASUSDHP15

Luckily, I don't have any of those shares in EPF's portfolio (except YTL), hehe!!

Finally, EPF feeling the pinch from share price drop (eating its own medicine that it gave to retail investors all this while).....

http://www.msn.com/en-my/news/national/epf-sees-rm6-bil-drop-in-investment-value-after-ge14-says-report/ar-AAyONVq?li=BBr8Hnu&ocid=ASUSDHP15

Luckily, I don't have any of those shares in EPF's portfolio, hehe!!

I'm still holding on.... maybe will buy some tomorrow if price go down a bit. I think by next week, the price may hit RM 1.20 (hope so).

Hahahaha!! RM 1.06 !!! Good show today.... better show coming soon tomorrow & next week.