to icon's defense he did a great job spotting this gem but other factors were left out in his analysis.. its no secret that relationship between state govt and GOB not that great and rumor has it that their facing difficulty securing development order for their batu kawan devt. Just my 2 cents
to GOB supporter, do note that it doesn't just happen to your counter, all across property stock is down.....but GOB is champion > 11%. Not sure if it's due to the price increase after GST will affect all properties sector. remember not to catch a falling knife.
whats the point of telling all these? it is down. and difficult to climb back 1.00 in near term, u will have to dig for more good news to make yourself feel better?
stock mkt is not just look at the fundamental and think it is cheap to buy etc etc. if it is so simple, everyone is billionaires already la.
@ Icon8888 ; The other day when i was at Batu Kawan GOB sales office, the salesman told me they are about to launch Callisia Phase 2 with starting price of RM450K to RM750K (higher than the sales price for previous projects at RM350K) sometime towards the middle of this year.
Previous projects were almost fully sold out. So, the increase in sales price for the new project coupled with almost a full take up rate of previous phases indicate good public reception for their houses at Batu Kawan.
@ optimusx8888, you are right...sigh - pity me...i also feel bad....unlike others who chase the stock (at RM1.20), i wait for it to come down to RM1.10...mana tahu? it came down crashing all the way to RM0.98....
one should always make use of fundamental analysis to make sure the stock is good to hold, then utilize technical analysis for the the timing to enter sounds easy, but its actually very hard!
Tomorrow I buy somemore.....for those who bought at 1.12 onwards listening to Icon8888, I feel sorry for you listening to him. The margin is 30cents. I now buy a bit bit sudah cukup ...hahahaha like Thambi say.....
The FBMKLCI is expected to continue to trade in a sideway consolidation mode ahead of the upcoming 3rd U.S. FOMC meeting. Should the next quantitative easing measures be higher than expected, it could potentially spark off another round of fund outflow from the emerging markets. The benchmark index is still trapped in the 1,840-1,869 range; only a breakout from either side could provide a clearer technical picture. Our model portfolios were mixed last week. On YTD basis, THEMATIC (+481bsp) and GROWTH portfolios (+463bsp) outpaced the benchmark index, but DIVIDEND YIELD underperformed the market by 54bsp. All eyes will be on U.S. FOMC meeting, again. The outcome of the US FOMC meeting, scheduled to be held on 29th-30th April, is expected to provide some sort of a direction to the local as well as the global market this week. Market is expecting the Fed to maintain its rate decision (at 0.25%) but continue with the QE tapering, albeit at a slower pace (USD45b vs. USD55b in March). Meanwhile, China is scheduled to release its April’s manufacturing PMI data on Thursday, where consensus is expecting the indicator to come in at 50.4 (vs. 50.3 in March). Failure to meet with market expectation could lead the market to higher trading volatility. The benchmark index is expected to continue to be trapped in the sideway consolidation mode, at between the 1,840 to 1,869 range, before the conclusion of US FOMC meeting. A clearer technical picture will emerge when the barometer index breaks out from either side of the range. A lacklustre week as expected. The local market experienced another tight range trading last week as the broader market continued to favour rotational plays on the small-cap and penny stocks rather than the big-cap counters. At last Friday closing bell, FBMKLCI finished at 1,860.98 points (+0.45% WoW). The top three index leaders include CIMB (+1.0% WoW); PUBLIC BANK (+1.1% WoW); and YTL (+7.2% WoW) while the laggers were MISC (-6.4% WoW); PCHEM (-1.5% WoW) and SAKP (-1.8% WoW). Wall Street ended the week with marginal change as the heightened tension in Ukraine took the shine off the better-than-expected U.S. corporate earnings and M&A-driven gains in both European and U.S. stocks. U.S. corporate earnings profits are seen rising 2.9% in 1Q14, down from the 6.5% growth rate estimated at the start of the year, but above the low 0.6%% seen last week, according to Thomson Reuters data. At last Friday closing bell, the DJIA remained relatively unchanged WoW at 46,361.50 while the S&P 500 closed flattish at 1,863.40 GROWTH and DIVIDEND YIELD portfolios gaining traction. Two of our model portfolios outperformed the FBMKLCI last week on a week-on-week basis, with the GROWTH recording 1.1% WoW gain (vs. +0.45% in the FBMKLCI) followed by the DIVIDEND YIELD (+0.8% WoW). The former was mainly fuelled by PESTECH (up by +6.6% WoW) and RHBCAP-CR (+4.4%) while the latter was driven by DIGI (+2.3%) and BJTOTO (1.6%). The THEMATIC portfolio, meanwhile, was merely up by 0.1%, no thanks to some mild profit-taking activities in TSH (-2.1%). YTD, THEMATIC portfolio continued to take the lead and registered +6.9% return (vs. +2.1% in the FBMKLCI), followed by GROWTH (+6.7%) and DIVIDEND YIELD (+1.5%) portfolios. Total Return (%) Key economic events to watch Date Consensus WoW YTD FBMKLCI 0.45 2.08 US FOMC Rate Decision – Apr 30 1-May 0.25% Thematic 0.11 6.89 China Manufacturing PMI – Apr 1-May 50.4 Growth 1.14 6.71 US Change in Nonfarm Payrolls - Apr 2-May 210k Dividend Yield 0.78 1.54 US Unemployment Rate – Apr 2-May 6.6%
Hahahahaha Fortunebullz, tell that to Icon8888. I already told him that during bull you can recommend anything also fly but he thought he was good. Kekekeke
Down,down,down you come, break the 1.03 and break the 1.00, down below 0.98....I want to buy you.... you the OWNER/SYNDICATE/BROKERHSES/RESEARCHANALYST and all the other minions...
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....
optimusx8888
916 posts
Posted by optimusx8888 > 2014-04-28 16:25 | Report Abuse
puripuri I told during lunch it will go below 1.00 didn't I?