@VenFx im looking at somewhere around 705. The best thing about surge is, the higher it goes up, the harder it will retrace. Stocks price-action is just like playing jengga. I can be wrong, but the price atm is wayyyy ahead of fundamental. Doubled from consolidation period, thats like having 2 JHM company. Once the price doenst make sense, then its time to out
I don't think it will retrace unless global market crash or something unexpected happen to the company. The share price is still undervalue. In fact I expect the share price to move up a further 60% within the medium term to a more appropriate value. It should be trading around $1.44.
By the way, the above comment is only my opinion based on my 6 years experience with a large Fund Manager in Australia. Fund Manager only based on Fundamental and not technical. It is only my opinion and not a recommendation for you to buy. time will tell whether the Bursa Market behave like Australia and New Zealand market.
no way.. its still too cheap in the eyes of the fund managers. Fund manager are collecting them during this wave. They will sell out at the next wave. Unfortunately, there is a lack of seller. hopefully in three months the price will reach $1.40.
Agree, bro venfx. For me JHM upward trend still intact. Since the price now sits on the upper band of Bollinger band, it will adjust down for a while before going up again. Chasing high is a bit risky, but who knows? In share market, there are a lot of crazy ppl, you can never know what will happen the next day
Off-market trade, First Share Sdn Bhd bought 1.52m shares from Noble Matters Sdn Bhd. That means Dato Tan see a good potential in JHM! Will be breaking RM1 soon! :)
Important piece of info! They have closed a deal that will generate USD50M per ANNUM next year, they have already invested in the expansion project to support the production. The income for the year (next year onward), will be more than TWICE of the JHM's market cap. Price should at least hit RM1.4 conservatively in the near term.
Investors are looking more forward to their profits rather than the underlying stocks fundermental since certain stocks with strong growth sometime lack investors attention
don't apply PE alone in trading....... Old school (less manipulation) can apply PE....with evolved and mutanted cooked accounting + aggressive accounting under an experienced account massager all these thingz not sufficient to give direction...
humble advise
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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....
ksng0307
1,038 posts
Posted by ksng0307 > 2016-06-03 19:01 | Report Abuse
alright, duit