The owners will rightly try to protect their business, they have already started that, but they can only hold out for so long, before the market inflicts its damage. If there are a lot of ikan bilis in this stock, they should leave before the correction on this stock takes place. There are plenty of good stocks to choose from.
Embarrassing another bad wrap for Malaysia. IOI whatlah but not that it's surprising from a chinaman co. I can say their environmental CSR n practices very minimal n overall csr superficial. Chinaman mentality. Pay the price n country also pay. Unethical n unsustainable. Sime Darby, kl kepong better in this leaps n bounds. Shame on u IOI. Avoid association if possible. Sure this news will affect the company.
we are only ikan bilis trying to earn some $$$. we are not politicians. we play any shares that can give us some $$$. leave the boycott to others. in the days to come, the Panama papers will reveal the names of politicians who shout n scream here but do other unethical things
If major investors opt out then only ikan bilis think they should run maybe too late. Sure profits drop. Risk bigger than reward now n longer run its going to be affected more. Not strategic decision to be associated to ioi further than one can help. Earn small money or lose bigger money. Decision is always yours. Sometimes make good decision turn bad, get out before it worsens. Panama cases yeslah see who are the devils in disguise. The truth will prevail. Don't do the crime if can't take the consequences. Humans are selfish n greedy but there are those much more than others.
New low is coming for this stock, due to the loss of many contracts and its suspension from the RSPO. There is nothing but negativity surrounding this business. Take your money and run before it goes below 4.00
No not everyone is holding on to it. The price is dropping and savvy investors are letting it go, thats why the price is dropping. It will continue to fall and fall.
Also, the chart is showing that the decline is happening, with more decline to come. Next level support is around 4.28. Exit before it reaches there, as it will surely go below that level.
below 4.20??? Difficult la.. I have observed this counter since last year.. Even kitchen sinking exercise last year (forex loss) failed to lower its price too much.. many people at 4.50-4.60 will step up to defend the price..
@daitoryu I'd say that is a prudent move. No one is questioning that it's a great company. But it's not wise to be stubborn when the technical charts clearly show a downtrend. It will find its support soon enough. But for us small investors, I'd say it's better to get out of the way and let price action sort things out first. We can always buy it again after this.
@Mat Cedana, I and others, would certainly not not refer to this company, as being anywhere remotely close to being great. In fact, its the polar opposite of great. Its a disaster for mankind and the environment. I don't need to to back up my comments with facts, they are already well published. If people want to close their eyes to the reality of this company and have no conscience and invest in this company. Then they too are part of the problem, not just at this stock level, but a global consciousness level. However, life works in mysterious ways and I am sure it will work its wonders on the investors of IOI.
Come to think of it, all industries are polluting the environment. When mankind opted for industrialization, this is the price we all have to pay. Where do you think the industrial plants were originally located? Of course forests are cleared to make way for them. So we all better stay out of the stock market if we want to save the environment.
Name and Address of Registered Holder: Citigroup Nominees (Tempatan) Sdn BhdLevel 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur- Employees Provident Fund Board- Employees Provident Fund Board (AMUNDI)- Employees Provident Fund Board (KIB)- Employees Provident Fund Board (AM INV)- Employees Provident Fund Board (NOMURA)- Employees Provident Fund Board (CIMB PRI)
Date of Notice: 06-04-2016
Transactions: No Date Transaction Type No of Shares Price(RM) 1 05-04-2016 Disposed 1,386,500 0.000
Name and Address of Registered Holder: Citigroup Nominees (Tempatan) Sdn BhdLevel 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur- Employees Provident Fund Board- Employees Provident Fund Board (AMUNDI)- Employees Provident Fund Board (KIB)- Employees Provident Fund Board (AM INV)- Employees Provident Fund Board (NOMURA)- Employees Provident Fund Board (CIMB PRI)
Date of Notice: 07-04-2016
Transactions: No Date Transaction Type No of Shares Price(RM) 1 06-04-2016 Disposed 990,200 0.000
I wouldn't get offended by the trivia you've posted and you certainly didn't post any facts.You posted the little story in your head, that comforts you.
Name and Address of Registered Holder: Citigroup Nominees (Tempatan) Sdn BhdLevel 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur- Employees Provident Fund Board- Employees Provident Fund Board (AMUNDI)- Employees Provident Fund Board (KIB)- Employees Provident Fund Board (AM INV)- Employees Provident Fund Board (NOMURA)- Employees Provident Fund Board (CIMB PRI)- Employees Provident Fund Board (ARIM)
Date of Notice: 08-04-2016
Transactions: No Date Transaction Type No of Shares Price(RM) 1 07-04-2016 Acquired 1,530,000 0.000 2 07-04-2016 Disposed 4,276,600 0.000
ame and Address of Registered Holder: Citigroup Nominees (Tempatan) Sdn BhdLevel 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur- Employees Provident Fund Board- Employees Provident Fund Board (AMUNDI)- Employees Provident Fund Board (KIB)- Employees Provident Fund Board (AM INV)- Employees Provident Fund Board (NOMURA)- Employees Provident Fund Board (CIMB PRI)- Employees Provident Fund Board (ARIM)
Date of Notice: 11-04-2016
Transactions: No Date Transaction Type No of Shares Price(RM) 1 08-04-2016 Disposed 3,000,000 0.000 2 08-04-2016 Acquired 300,000 0.000
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....
DaitoRyu
1,459 posts
Posted by DaitoRyu > 2016-04-08 15:18 | Report Abuse
We will see a new low for this stock, it will take some time, but it will come.