dear psd 57 and abu aufa, we highly recommended strong sell for perisai.....in near future the company will be in negative cash flow and high gearing.....sell perisai tp 0.41 fair value.....do not keep ..tq
cimb now TP 2.20, next week can simply cut to 1.10 saying oh profit drop bla bla bla. large volume selling down....but who's buying? you? I mean retailers? if you had bought below 1.00 in recent fall, can you notified us here so that we had a brief idea who's buying? I didn't buy. If none of us retailers were buying, then the large volume comes from big funds, then it's a accumulation in process. If retailers were buyers, then bad news, funds are disposing aggressively.
btw, all IBs with low TP are based on FY15 earnings, where cimb with such high TP based on FY16 as it expects assets to be getting contracts by FY15. This is the "expectation risk" we had for perisai (and all OnG stocks actually) now.
My perisai holdings are really bad now with paper lost of 40%. After selling a part of it at 1.09, now still about 8% of my total portfolio, still quite large. Too bad.
Seems these days, greed and fear plays an even bigger role. One day its like gold and next day can turn into horseshit. As at Q3 NAV stood at 91. All the analyst forecast that next year this company will churn some profits. The risk to earnings is the increase of quantity of Shale oil and lower cost of production to extract this rock oil. Despite such a scenario, the sudden sharp drop in price is absurd.
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....
lim88
1,554 posts
Posted by lim88 > 2014-11-09 22:44 | Report Abuse
ayoooo...why EPF keep dispose oh...tak boleh pakai lah...