Look at the 100k buying queue volume @ 0.265, and no selling pressure at this level at all, this is the new syiok syiok support level, price will not go below this level anymore, really syiok syiok today, despite Index down 15 points, Frontkn remain unchanged.
LOL frontkn used to be 50c in 2007 it previous management. Heard they then screwed up and went into loss making for many years until the German came in a few years back and saved it..Now turning around back and industry is healthy, after next results if same as last pe will drop to below 10 at current share price..it deserves at least 15x PE now that turnaround has proven successful..sure can go back to 50c like the good old days..
Take a look at this company which is in the same industry, has machines and equipment that look the same, also has new management and new major shareholders and a turnaround story too as Frontken.
Only difference is that its price is still low but going up after a consolidation recently.
@limkokboon will look into it when the company release few more quarters with improved profit and revenue. Currently, focus on Frontken which will go beyond 0.40. Cheers!
A turnaround story need a few quarters or even years to prove, MQtech number is too ugly for past few years, one quarter in green not consider turnaround yet. You have you choice to believe, and we wish you good luck !!
i only can afford to support co. that make money. if it is a losing concern, sorry lah. i'm here to make some pocket, not to do charity. i see this in frontkn. remember what deng xiaopeng said abt the cat
@fk_lim from 0.18 to 0.265 within a month you say no movement? Useless? If that's the case go punt other counter with good fundamental like frontken and undervalued. Good luck. Cheers!
After 0.18 -0.265 ....now this counter becomeplay group for contra players .... these all contra players is not mice but is big cat!!! Tikus better stay away...they will punish you when you dirty they play ground.
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....
KC53
363 posts
Posted by KC53 > 2015-05-07 14:52 | Report Abuse
noun verb not important. evryone must syiok coz frontkn up