3A is not the second largest holding of Eastspring Small Cap Fund. Good omen. It's the best small cap fund in Malaysia by a long shot over the long term.
Agreed @nicky. Strong price support should also be the case after the company report first QR which is better than the previous QR!But presently the Technical Price Charts-MA,MACD ad RSI showed the stock is presently bearish after it had been going up for the past two months from about 1.40.Hope with the correction the stock will move up strongly after ex-bonus date next week.
Aduh, price no change lah. Only adjustment for ex-bonus today. $1.64 yesterday closing x 4 divide 5 = $1.312 (theoretical price) Trading $1.32 means "+0.008"
I know today is the ex-date for bonus issue. I'm very upset bcoz immdiately after the announcemt of approval for bonus issue, 3A has been kept dropping. Today has no changes. 3A like no more energy liao
Why are you all so impatient? I consider this the future Nestlé, though probably only at half the price over the same period. I entered at RM0.90. The last time I brought was RM1.32 and I am still accumulating it for my retirement fund. My friend bought Nestlé at RM1.00 in 1975. Who would expect it to go beyond RM80.00? If bonus issues all through the years are taken into account, The value might have multiplied a few hundred times.
Undergoing correction phase now.Quite normal.Similar for many other stocks.Be patient.This stock is of low risk.But on the other hand the management has to take steps to improve on the EPS,ROE and DY even though they may report a better % of quarterly earning growth.That will be the yardsticks that the stock will be measured if they want to command premium price from the market-place which can be very demanding on such financial performance indicators.
Price has been on the mild correction from the ex-price after bonus between a narrow range of 1-3cents.Hopefully after the consolidation stage is over the rebound will take place to reward all patient investors and holders of the stock.
This counter has been consolidating since the ex-bonus date on 23 May 2017.More than a month already! Hope today price ticking upwards by 2.0cents portends something positive in lieu of the overall market which is soft.Hope this time for real and to move higher from thereon. Cheers:-)))
Go,go,go 3A towards the peak.You have a big following behind you!.Don't disappoint them.Once at the top range price(~1.80-2.00) hope everyone can enjoy the majestic few and saver the fresh and crisp air.Cheers:-)))
Two long white candle appeared in the last two trading days.Portends something ahed which is very positive.The price momentum is building up and the probability of the counter share price trending upwards is intact.All the Technical Price Indicators -MA,MACD and RSI support the bullishness scenario.
This observation is dependent on no sudden adverse global market-place news which will disrupt its movement upwards.
@terencefung90 no worry.The counter price trend and momentum look similar to MFlour..Any uptrend in the price at times can get derailed because of adverse and sudden global market news development.For example when North Korea recently tested the ICBM which raised the geo-political temperature in North-East Asia. 2.So long as the fundamentals for the counter is intact the price will gradually recover.
Outcome: For such defensive counter it is one of the top pick if the market sentiment is volatile.
All those who cannot wait hurry up sell. We do not depend on share trading for our livelihood. So we can wait. At RM1.40 we have already make almost 100% profit. We expect to make at least 200%.We are still accumulating. So all those expects please sell so that we can buy.
I have accumulated this counter since Dec 2014. I am happy with their current share price at PE around 15. The EPS will be improved if the JV business in China is making a profit in the near future.
@RonnieKimLondon maybe with Wilmar as one of the largest equity holders in this counter the company can leverage on the former reputable and sound business networks,wide contacts and marketing expertise in a big consumer market like China. 2.With the internal economic outlook in China stable and the growth maintained at around 6.5-6.8% pa ca help in many ways in generating increased revenues growth for the company. Expect the coming QR in mid-August to be better over the previous QR. Cheers:-)))
One has to consider that the EPS,ROE and DY are only average.Even though the recent QR the PAT is maintained the market reaction is otherwise.No good news to drive the price upwards.
2.Presently,the Technical Price Charts support the bearishness for the stock in the immediate term.
3.Unless the company can show better profit,improved EPS,ROE and DY then only the stock can command a better price- higher price from the present level at 1.30.
4.The BODs also consist of too many family members from the major shareholders which from the result need to be voted out.Better to have a smaller BODs and optimise on expenses and can help to improve on ROE.Diversity of members of the BOD from the other parties can help in better corporate governance.
5.Expect the price to stay at this level for awhile.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
nikicheong
2,541 posts
Posted by nikicheong > 2017-05-16 22:04 | Report Abuse
3A is not the second largest holding of Eastspring Small Cap Fund. Good omen. It's the best small cap fund in Malaysia by a long shot over the long term.