Based on the charts for the past few months support stand at 30.5 sen. So rightfully it is a very safe to buy at this level. From a high of near 42 sen, we saw a drop to 30 sen for a 12 sen discount. Who is not buying after all Systech is giving 6% dividend although last quarter not as high as previous, we cannot be so dumb as to dump Systech, right? A profit making company with good organic growth. I keep it for future TP 50 sen.
DJIA up! Tech stocks rally. Opensys flying...Systech to follows...hahaha Below 25 sen??? Sell to me. I will trust Systech will fly. First come first serve. Good dividends every year. Growing each quarter. Rising star of the IT stock. Who don't believe Systech? It rallied to above 40 sen recently and the correction now is a good buying opportunity.
@huatrex yes! Hope everyone make money! Good time to pick some cheap stocks. Tech stocks are going up again since O&G hopeless. Long term TP above 50 sen. Anything is possible.
richkid, i know this counter is gd juz in a matter of time. Funny to see in every forum, there are always been commentators who juz speak like no brain. they r juz making this platform as their chatting platform. i hv been silence for a while but once in a blue moon, i will definitely post sth. for those who believe in their investment counters, set ur target price for profit or cut loss. that's the game. if juz simply follow people without making ur analysis, then pls don't play a fool and dumb here..
@HuatRex For contra players cut loss. For long term, can hold another 3 more months. The whole market is shaking. I foresee more selling as fund managers going for holidays and others waiting for 1MDB news. Foreign funds are cashing out. Time to stay out and wait for the best time to pick cheap shares. Just look at Priva and Systech already below 30 sens...previously both above 40 sen...so this is an indicator that down trend is coming. So be careful. Wintoni is still above 30 sen...not sure it can hold how long before joing Priva and Systech. Efficen already go down hill. Genetec already down to 17 sen...Everything is cheap and getting cheaper....losses everywhere. Just stay out first and wait for the right time again.
Novamsc also from a high 25 sen to 15.5 sen losing 10 sen in just 1 month. Some trapped at high price. Really not a good sign. Systech might drop back to 20 sen if the market slide continues and doesn't improve. Looks like the sharks are moving away from Bursa in mass selling. I cut loss after it drop below my stop loss of 30.5 sen. Sad case.
jaga oh.... maybe next week also no good oh.... i saw a news regarding IPIC something like borrow money to 1MDB to pay back the agree loan on 4th of june.... something fishy around..... scare will hurt our market.....
KUALA LUMPUR: Malaysia's debt-ridden state investment firm 1Malaysia Development Berhad (1MDB), has entered into a binding agreement with Abu Dhabi's International Petroleum Investment Company (IPIC) and its subsidiary Aabar Investments.
The deal will see IPIC make a payment of US$1b to 1MDB on or before June 4, 2015, money that will go towards paying off the power-to-energy fund's US$975m loan from a syndicate of international bank lenders.
FBM KLCI’s current downtrend presents a good buying opportunity for quality bluechips. ― Bernama FBM KLCI’s current downtrend presents a good buying opportunity for quality bluechips. ― Bernama KUALA LUMPUR, May 30 ― The current downtrend in the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI), and expected to average 1,730 points next week, presents a good buying opportunity for quality bluechips.
“I recommend investors to buy construction and technology stocks as they are major benefactors of the recently announced Eleventh Malaysia Plan,” said Affin Hwang Investment Bank vice-president and head of retail research, Datuk Dr Nazri Khan.
Commenting on the FBM KLCI's performance, he said despite the setback, Malaysia's fundamentals remained strong with low inflation and a commendable 6.0 per cent credit growth.
“Furthermore, for the past two months, the Goods and Services Tax revenue collected amounted to RM2.5 billion. This should ease the pressure on our sovereign rating,” he added.
Nazri told Bernama that for the whole month of May, the FBM KLCI had shed 83 points or 4.5 per cent, due to the weakening ringgit, the global oil price slump as well as political uncertainty revolving around the 1Malaysia Development Bhd.
Ringgit to Singapore dollar now almost reach 2.72. Country politic no clear situation, all policy implemented not sure n confidence. How to progress n forward gear. Education in reverse gear with so many tak boleh Pakai graduate. Some Goverment sponsor ard 500k to oversea. Sure market down.
political unstable, ringgit fall,1MDB issue,F/Fund withdraw, maybe our Dr.M also hurting the market???? who noes???.... so it will be a crisis for our KLSE
Good strategy. E-commerce and growing into cyber security segment, to value add to the existing business. Need to protect customer database from external threat..
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twoplus
376 posts
Posted by twoplus > 2015-05-27 22:30 | Report Abuse
opensys up becuz qtr good , have nothing relate with systech la