2022-05-21 12:34 | Report Abuse
The question is , who is behind the selling plunge jumpstarting here? Certainly not the average investor for sure. Most Malaysian investors and even local investment firms had no long time knowledge about short selling since restricted short selling on Bursa was just newly reintroduced this or last year. I suspect foreign investment firms with more short selling experience, analysis and capability are actually doing that. Otherwise who had the know how to short sell en masse at a certain perceived high point when everyone else sees no way of going down now but up? Think about it.
2022-05-21 12:26 | Report Abuse
People like you and me saw that the share price of palm oil stocks goes up in the future. But the market lately had been acting funny in the sense that its selling heavily despite good quarterly results posted . It is evident in the charts itself. This stock is short sale sellable, so if most of them are dropping like a rock here, there might be short sellers who had waited on the other side of the trade as well and'd probably jumpstarted the sell off due to irrational exuberance for palm oil stocks super rosy projections, causing other investors to panic sell en masse here up to a certain point. You might want to check about the short interest on palm stocks on the day when they'd plunged from their highest point many weeks ago.
2022-05-21 12:13 | Report Abuse
People just dont realize that this counter had better fundamentals than the rival ipps in spite of having less business assets valuations here than the latter. Its good that its share price is holding steady.
2022-05-21 12:01 | Report Abuse
This counter seems to be constantly buying back its own shares despite the price keeping going down further. Are they trying to support their share price with their cash hoard despite knowing that their share price keeps dropping on? Would be better if they let the price drop till a support is reached or so before employing the buybacks.
2022-05-21 11:53 | Report Abuse
For now the consensus opinion of the acquisition seems bleak and sour. Indeed it may seem so, but let's see what upside surprise this counter can provide in the future. What if the majority opinion is proven wrong on the contrary in years to come? Unlikely yes it appears so. But you never know lol
Stock: [TANCO]: TANCO HOLDINGS BHD
2022-05-21 12:51 | Report Abuse
Why i keep hearing this Malay ngr laughing as the stock price keeps dropping? If they cant see that its a goreng stock just let them be bro