Looking at the price and volume movement i think there is alot of changing hands as volume is making new highs so i think there is alot of trading in and out...liquidity should still be ok..
Look at the buy queue at .845 at the stroke of 5pm just now, those disappointed people not able to get it, this shows great demand for this stock is still present. 100% gap up coming Monday
Seem lot of retailers have taken profit. There is little shares overhang after the big guys and fund absorbed. Will be tighly held with little float after this round...This counter will SPIKE faster looking forward with good news coming in the market...
Hahaha, such strong momentum will continue next week, further propel share price surge to next level 90sen, if quarter result release on Monday after 5 pm exceed expectation, MBSB could unleash even higher power to final destination RM 1.00.
Please read today StarBiz (6 Aug) on TS Chua Ma Yu & MBS: “I’m a contrarian. I get greedy when others become cautious,” says Chua. Chua feels that the non-conventional financial institution is oversold, which has prompted him to increase his stake. “The price has come down quite a bit. And the company has fresh capital of RM1.7bil which at a conservative rate of 6% return (return on equity or ROE) would add RM100mil to the bottom line,” he says when asked why he is bullish on MBSB. At the end of the impairment exercise, MBSB is hoping for Bank Negara to give it a full-fledged banking licence, something that would reduce its cost of fund s substantially. An accountant by training, Chua has survived four stock market shocks......
Above write up is very long, read it up and make your own decision. Hit it while the iron is still hot. The MBSB chairman Tan Sri Halim Ali also increased his stake from Bursa announcement earlier.
All major shareholder and management are so bullish on MBSB, all increase stake, EPF, cmy, chairman, collectively act in same direction, all increase further stake in MBSB. Well done :)
“Investing is all about making fewer mistakes. Global capital markets are open 24 hours and opportunities are always open. But one has to make fewer mistakes and look at the long term,” he says.
“Being in the stock market, everyday we have to make a call. The fewer mistakes we make, the higher the probability of survival,” .
....totally agree with cmy, focus only to pick wining stock, as if rightly pick wining stock, in can make wonder in fortune and wealth.
IN THE EDGE TODAY....INDONESIAN INTEREST LEADS GAINS IN MBSB,DRB HICOM SHARES.. RUMOURS INDONESIAN BANKS MAY COME IN AND TAKE A STAKE IN MBSB AND BANK MUAMALAT..
I started investing in stock market since 1980s. Those who knows and follows stories and success of CMY since 1980s will know his golden touch and skills in investing. He has invested at least RM300m in MBSB not for short term or peanut gain, plus EPF owning 67% share in it.
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....
value_invest
1,138 posts
Posted by value_invest > 2016-08-05 17:04 | Report Abuse
Wish there is pull back.. for those who still want to expose more a chance to buy...