For those buying into Gob or any Penang Island property development should be excited with the PSB. The opening has been delayed a mth to Oct as per link. This will open another opportunity for projects that sit at both ends of the bridge from Batu Maung to Batu Kawan. Gob will potentially benefit from this as they have a plot of land in Batu Kawan on mainland. Albeit the bridge is located south of the island, project like PWC will also benefit with the additional inbound and outbound access and the 2 major bypass.
In Grandmas opinion, this is a very good positioning and timing. With the heritage of Penang, and its tourist, Grandma sees a potential of property buyer coming in. In addition to the rise in property around the world, the location, attraction and accessibility of Penang will make it a superb buying.
Grandma thank you again for sharing yr valuable research & info. Last wk I hv already accumulated GOB when the price hv been hammered down. However, I'm investing for short-term basis due to the prevailing global uncertainties ahead
4u2c u will miss the boat if u hv to wait for 3 to 6 mths. The quarterly report on consolidated results for the financial period ended 30/6/2013 released on 28/8/2013 is not disappointing but showing positive results.
30/6/2013 30/6/2012
1)Revenue RM74.17mil RM60.16mil
2)EPS 1.43 sen 0.98 sen
3)Profit RM 3.24mil RM 2.22mil
4)NTA RM 1.12 RM 1.11
GOB is trading at an attractive PE Ratio of 5.51 & an the current price of 0.76 it is highly undervalued.
The above info is to share with all readers the actual figures & is not soliciting any person to buy or sell his/her security. The final discretion to buy or sell any security shall be your absolute right.
EPS was 4 and 5 cts...... 3 and 6 mths ago.Currently only 1 cts...thats why dissapointing and share drop. Worth to collect as company is making money...
Today GOB trading transactions quite impressive n closing at a positive note. Tonight US DJIA shall dictate the direction of our KLCI tomorrow. Hope for the best & good luck.
The FBM Small Cap has been well supported at its EMA 200days @13,580 level & shall resume for a rally. However, the prevailing global mkts uncertainties will hv a big impact on our mkt direction. Good luck.
US military strike against Syria is not a major problem but the most critical point is the Fed Open Mkt Committee meeting scheduled on 17/9 & 18/9 respectively for the implementation of tapering policies. This will resulted in massive outflow of billions of foreign funds from the ailing emerging countries like Malaysia, India, Indonesia, Thailand, etc, causing another selldown & its long-term effect is more disastrous by derailing the economic recovery of the emerging countries.
I am not too worry about Fed tapering for Malaysia market in general. If you observed what CIMB boss has said, they already know the hot money will leave one day. Therefore, danger is not dangerous if they smelled it way before it happened.
Prediction can go either way.....but I strongly believe that it will hv a big impact on our mkt due to hugh outflow of foreign funds which is utmost importance to provide the necessary liquidity support for our stock mkt.
I noticed that the current mkt trend is quite weak with daily average seller more than buyer n uptrend chance is very limited.
Furthermore, the Fed Res Open Mkt Committee meeting is getting nearer, so I decided to cut loss by selling @0.76 which I've bought @0.77 earlier on.
My 'hit & run' formulae was caught in the crossfire immediately when I took position due to price going downtrend for few days n does not provide me the slightest opportunity to run.
So my bleeding is very minimal n shall wait for the nxt opportunity to recover my losses with interest. Good luck & god bless.
At this moment of uncertainties it is still not the right time to bottom fish.....instead u might catch a SHARK....n eaten by them. The mkts r still fragile n will quickly turn to the reverse direction upon any bad news or selloff on other mkts.
Still not the right time to accumulate more stocks as a result of Fed Open Mkt Committee mtg on 17/9 & 18/9. In fact investors shld be selling on strength & take profit off the table.
Dear Hiddengem, can you let me know which Investment bank is offering e-broking trading with 0.10% brokerage charge and conditions required to qualify for this 0.10% brokerage charge. thanks
Invest33 I'm using Hong Leong Investment Bank E-Broking. You just hv to open an account with hlib ebroking account under value trade where they charge 0.10% brokerage fee & u hv to deposit an upfront amount. So yr trading amount shall not exceed the upfront amount deposited with the bank. For more info, u can contact n enquire at any Hong Leong Investment Bank branch.
FOMC meeting statement that tapering shall be deferred is a positive sign for equity mkt. Expecting GOB to resume its uptrend journey possibly fr now until the budget 2014 scheduled on Oct, where the RPGT is expected 2 increase significantly thereby affecting the property sector.
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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....
FreeThink
4,039 posts
Posted by FreeThink > 2013-08-26 16:47 | Report Abuse
wm83, u grabbed many unit?