Anson motives is to spread the negativity on CMSB so that innocent people will dump for him to buy at depressed price. He studies the stock and knows well that the stock has more positive than negative and will return to its fair value in due course hence his strategy is to collect as much as possible at the depressed price . It will be interesting one day to see him cheering for the stock once he has collected enough and the stock is on its way up after the PRN. Lol
CMSB has been trading sideways for the past 5 weeks. RSI bullish divergence is spotted in this stock as RSI creates multiple higher highs and higher lows. This could imply that the bulls might be ready to take control soon and it often marks the end of a downtrend. S1 (RM1.08) is the resilient support. Investors or traders must be cautious if the price drops below S1. PPT1 (RM1.26), PPT2 (RM1.48) and PPT 3 (RM1.77) are the price targets if a position is open at the closing price. These indicate the potential gains of CMSB are 16.62%, 37.50% and 64.34% respectively.
Exciting announcement hopes can soften the negative news impact due to WM political unstable and covid cases escalation at WM ( thanks goodness S’wak is under controlled with vaccination progressing very well) .....
Cahya Mata Sarawak Bhd said Datuk Sri Sulaiman Abdul Rahman Taib has taken the role of managing director in the company.
Following Sulaiman's return to the helm, former boss Datuk Isaac Lugun has been redesignated as non-independent and non-executive director effective July 8. "We are pleased to welcome Sulaiman to lead the Group," said group chairman Tan Sri Abdul Rashid Manaf said in a statement today.
"Sulaiman’s familiarity with Cahya Mata Sarawak and his wide-ranging experience in businesses will be invaluable to Group as we consolidate, streamline, and move the Group toward a new growth path, post pandemic," he added.
Abdul Rashid said this transition was due to the early retirement of Isaac, who, will continue to be with the group in his new capacity as a board member.
Sulaiman, 53, has previously served Cahya Mata Sarawak in various capacities there from 1995 to 2008.
During his 13-year tenure, he assumed various positions including that of Group Chairman, and Group Executive Director.
Sulaiman was re-appointed to the board on June 22.
A quick refer to Bursa announcement , EPF trimmed the share holding from 99 million on 23/6 to 64 million shares ,climax on 25/6 plus last few days continuous subsided disposable has stabilise/plateau the share price which might leads to sideway moving forward bearing no more major disposal until period it will pick up or down momentum again depending on whether or -ve catalyst news. My two cents .
The counter is fundamentally sound , not many have the ability to catch at the bottom , if you do counted yourself damn good in reading the chart , difference of 2 or 3 bids wouldn’t make you rich anyway.
James, your analysis on CMSB is very factual and detail , personally I would reckon at current price of RM1.1 is very attractive further with PE single digit and NTA at RM2.7 and vast business ventures across Swak , monopolistic in cement and diversified business , also appointment of auditor to rectify mismanagement is a good sign of not in denial mode to improve the governance are all good hence it is definitely not another SD. Disclaimer, I have skin in CMSB and will continue to buy more if dip further. Thanks James