AmInvest Research downgrades telco to neutral after failed merger
“Derating catalysts from earlier expectations of merger’s cost optimisation. As we were earlier positive on this deal, its termination consequently means the reversion to the previous state of intense mobile domestic competition between the five existing players – Maxis, Celcom, Digi, U Mobile and Unifi Mobile, excluding mobile virtual network operators (MVNOs) such as REDtone, which are currently offering highly attractive postpaid plans.
All stocks cannot continue to go up every day non-stop. It will have to retrace at some point (rest and catch its breath) before it can continue its journey up .
Those that missed the boat earlier may wait for the Retracement before participating...
Huat,Most of the time up down ,up down and just one day up already overbought? Vol traded not really very much .Earlier stage friday trading shows there was throwing too.How come overbought? Only approximately 27 % outside correct me if I m wrong and very seldom buyer's or seller's more then 1k queing.
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....
Sky88
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Posted by Sky88 > 2019-09-10 15:26 | Report Abuse
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