A stock split is usually done by companies that have seen their share price increase to levels that are either too high or are beyond the price levels of similar companies in their sector. The primary motive is to make shares seem more affordable to small investors even though the underlying value of the company has not changed.
A stock split can also result in a stock price increase following the decrease immediately after the split. Since many small investors think the stock is now more affordable and buy the stock, they end up boosting demand and drive up prices. Another reason for the price increase is that a stock split provides a signal to the market that the company's share price has been increasing and people assume this growth will continue in the future, and again, lift demand and prices.
how their performance in other sector -eg. specialist medical centers? or we need to wait cpo price increase 3000 to attract more buyer. but cpo price drop at 2655 still ok ..can generate much profit to company but i not sure how many mature palm tree they have. however at 0.92 consider cheap . hopefully the price block at 0.92 and rise back.
Alo....2 days ago doji. Then naik. Then stop. When I buy I check plantation sector index. Sifu2 can help what else to check? Mcm x jln aje my strategy...
this is buy and hold strategy, very simple, historically, tdm has been outperforming whenever cpo price go above 2.5 and its roe has always been 15% and because of the split its roe is only 3% and it will reflect back to a 15% roe if cpo maintain 2.6 above. Moreover, this company related to terengganu gov.. THis is more like a buy and hold share.. Just be patient..=)
How many times already, always can't break 1.10, I should use this as my ATM between 0.8-1.0. CPO price not significantly correlated with this counter.
This counter I already pocketed a lot of $$$, still have lots of potential but the speed will be slower a bit lor, better concentrate with the other which have better valued.
If you look at 30 Nov 2013, the volume was 3 times higher than this...... but the price was hit 1.04 only, so, I dont put much hope on this increase unless it breaks 1.10.
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Posted by MZRTrade > 2014-03-30 16:32 | Report Abuse
In may 2013, the stock price of tdm range between RM4 to RM5. I believe it will rise again.