MAG HOLDINGS BERHAD
KLSE (MYR): MAG (0095)
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Last Price
0.17
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Day's Change
0.165 - 0.17
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20,500
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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....
Ezra
59 posts
Posted by Ezra > 2015-06-11 06:59 | Report Abuse
Many were glad to see the initial price breakout on Monday of 8 June 2015. Around 37 million shares exchanged hands in 3 hours and 40 minutes of active trade before market made a decisive move to enter a higher price territory. Although the average velocity rate at which the shares exchanged hands in a second was one seventh the rate of what was observed on Monday last week, it was nevertheless good enough to move the market comfortably into a higher price lane without damaging the rally momentum. Had the said acquisition rate been any higher the operators might be tempted to corner the market by flooding the market with a cheaper priced transactions within seconds a risky move which we know by hindsight could backfire and kill a rally prematurely no sooner than it started within half an hour like what they did last week. Thankfully, it did not. Even then it did not stop some parties from dumping another 3 million shares during the afternoon before giving way to a higher sale.
AT has been cheering for Xinghe for quite sometime as far as I can remember. Hadn’t it been for him and several others who have been keeping this forum alive, I’d reckon I too would’ve missed Xinghe.
At the same time, it’s great we can have discussions that either support or fall into dissent as we learn to rock the boat, challenge the status quo and hopefully temper each other’s expectations with hard reality while grounding our arguments in facts and sound reasoning.
No one can tell what the price will be tomorrow. But what we can reasonably deduce today is that the opportunity for entering a fundamental growth stock while it’s still cheap may not come knocking twice.
Xinghe is probably one of the few Cinderella stocks that have not received their fair share of coverage in mainstream analysts’ writings at CIMB. Once upon a time, Ifca too was outside anyone’s radar. But of the said two, Xinghe has the better commodity, revenue and profit story to tell.
All signs based on news report and Q1 results and audited annual report since last year indicate the company is growing and financially sound and is here to stay for the long term.
The recent Monday’s net stock acquisition rate we saw earlier this week was a good beginning of a race to play catch up with Q1 results – but it’ll probably be days or weeks from now before investors can expect to reap its full value.
Till then let’s stay focused on the big moment ahead of us and not allow ourselves to be too distracted by daily price movements – that may wax on some days and wane on others.
P/S Yeah bunnypro, I think it’s time more of us began blogging about it since there aren’t many security analysts writing about this stock yet. If I do find the time, I’d be happy to write them myself.