director trading during closed period actively should be queried immediately. He must give a concrete reason publicly , so market is not decceived by his pleasure in trading own stock where he has insider information. Closed period is super sensitive period. Also latest announcement saw buy high sell low on the same day in big quantity...what is this ???
Don't understand, anyway don't care, sometime shareholder or director buy does not = price will go up. EPF keep selling stock but share eventually gone up. Anyway thinks for sharing.
The non-executive director was once the vice president of equity department in Midf... a reputable finance company that specialising in equity research. He could have full confidence in spending hundred thousand of funds in trading his company's shares in the lowest price ever YTD due to pandemic and change of government in March. Hence, his trading activity probably could indicate that the company's price was undervalued compared with its prospect in doing expansion and product's development in progress (mosaic theory). He also could done the disposal to test the market sentiment alongside with the critical market recovery period for getting the support price that many investors are willing to hold. Overall, beside him, other humongous insider holding by the chairman also has a quite significant sign that the company could grow further into deeper market segment of acrylics taking opportunity the surplus demands as the effective way to prevent the unsolicited infections while doing any needed business or public interaction.
if you know this stock has a value of 0.2 sen or more, and someone comes and say he wants to buy it for 0.135 would you sell it to him? ofcoz not. Same thing if some one now comes and says he wants to buy your house for a 50% discount. QR not even out yet. Analyzing their financials, they have managed to bring down the cost of sales and operating expenses by 25% and 100% respectively, just to make thier business more efficient and profitable during the last quarter. What do you think about this quarter with the headlines and boom sales arcelyic sheets.
Nowadays nta no longer the benchmark for the share price. Forward PE is the one people look at. If qr is very good, show year on year jump in profits and revenue, then this could go up to anything. Even mediocre counter like Howah Genting can also go up from 8 sen to 50 sen this year alone.
correct me if im wrong, but i dont see any reversal about to happen so far based on the overall chart here, i think this is mostly an upward due to being oversold and panic buy, the fundamental is good based on the news given here but i dont think it ready to move to new high yet due to resistance from the recent bar, i hope it can break the resistance this week, although the possibility is high for a slight downward movement
@alexsoto you might be right. but still holding mine even though opportunity to sell at 0.155. Wait for QR and further news. Cant just follow trend stick to what you believe in and by the time youre comfortable in selling it.
ben123jamin thanks for sharing thoughts, i am still lacking in terms of fundamental, so i read based on what been shared, if the fundamental is concrete, does not matter if its go up or down, it will recover, but technical reading is important as to know when to sell/buy at a reasonable price to us, all in order to reduce our risk, to me the trend stick reflects majority perception of the fundamental(news etc,), today it shows a lot resistance to close high, i hope in the coming days it will able to
yes it does show alot of resistance in terms of technical charts, youre absolutely6 right. It went up to 0.16 and stabilised at 0.14 and closed at 0.125
I got this strong tip to go in from a reliable Dato when it was 7.5 sen. Chose not to at the time because of no volume and hardly any movement . Only caught it on the way up at 10 sen few days later when the action heated up. Definitely there's some news behind this otherwise nobody would be tipping this when it was at 7.5. Let's see how this plays out.
I think this year is a turning point for the company. Huge increase in demand for plexiglass should see them see substantial profit and revenue growth this year. Coming Qr is probably good but won't be as good as the next qtr as plexiglass demand really took off after March/April. We can't predict the short term price fluctuations but I think in the medium term, this is definitely worth much much more than a 12 sen share. I'm holding for the long ride.
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OrionIXL
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Posted by OrionIXL > 2020-06-12 14:49 | Report Abuse
0.2.. TP