don't ask anyone else..please..go make your own study and judgement.. or else when the one give u answer make a wrong decision for you and you will blame him
I agree with Jeff, a TP of RM3.0 is not far fetched, as this is equivalent to a yield of 17% if you calculate backwards. Even a TP of RM4.0 is not impossible too as that will translate to a yield of 13%. But of course this on the basis the company continue to perform well. It will depends alot how the AGM will proceed and whether the Owners are able to convince the shareholders. Another thing i notice there is no investment houses covering this stock...
yuanlong57: did u notice sell pressure coming in at close?? May consolidate n trade sideways next wk. However still in uptrend momentum. Looks like traders are in stock already!! Will stop collecting in meantime.
How the investment house going to cover this stock? Just look at the last 12 qtr net profit, making lost then commendable profit. Unconsistance. Pure super charge counter
kennyku: No need long term. Mid term will b good enough. NEVER EVER fall in love with a stock. When u r happy with your tp then it's time to get out then let other people carry the RISKS. Always remember the risk /reward ratio when u buy a stock. Comments is not meant as a recommendation to buy or sell. Use info as u se fit.
Jefflim1234, the screenshots from my Huawei Media Pad reveals some interesting findings. It shows 16 price levels sequentially priced from 1.840 - 1.990. At all price levels the volume of buying in percentage terms exceeded the volume of selling. 209,600 shares were swallowed up 100% @ 1.990. @1.980 121,000 bidding against selling volume of 53,600. @1.92 buy 134,200 bidding viz.25,500 shares. There seems to be some sort of very "organised" disposal of shares with high capped at 1.990 and low @ 1.840 (higher than yesterday's close)
Jefflim1234, while indications show possibility of consolidation the coming week, with the uptrend momentum still tenaciously fierce, I venture to say that the bulls are anxiously passionate to push beyond 2.00 as the ex-date 3 July closes in, the coming AGM/EGM 22 June and the short trading week before Bursa breaks for Hari Raya.
yuanlong57: The trade trend throughout 2day does indicate some kind of "organised" disposal (as u put it), to me at least, especially after the price went past rm1.97. However having said that it was quite well absorbed as shown by closing price. My only concern is how players will view it over the whole weekend. My take is MOST probably there may b a correction next week as the stock is already in an overbought position for the past 2 weeks!! Even though it was in that situation there wasn't a red flag till around the market closing time. That was why I was still collecting at around rm1.93. Anyway let's wait for Monday n see what happens!! That's my take on the trend 2ay.
yuanlong57: Yes. I absolutely agree with u on the uptrend being v v strong. V just hav to hang on in there whatever comes and not b affected emotionally IF correction does surface!! Hang in there guys and let's have a great hols!
Never have I ever spent so much time on one counter researching, sharing and exchanging views. I enjoyed the camaraderie of fellow investors who collaborate cordially to encourage one another. Most of my views concur with yours. Your data forensics and technical analysis within the ecosystem of macro-micro market sentiments are superb. This special dividend exercise is just the first wave. I believe post dividend stage, there will be a second wave underpinning the cash repayment.
callme777: Lbalum is a good buy BUT I still believe the ALCOM IS A MUCH BETTER CHOICE.I believe it will go up at a faster rate than lbalum. Having said that lbalum is only at 0.88 sen at the mmt. HOWEVER the amt of Alcom shares flot in the market is much lower. Furthermore Alcom shares has gone up sharply for the last 4 weeks or so. Who dares to go in n buy with the thought that it MAY drop as sharply too. Only dare devils will. So with that reverse pyschology in mind IT is easier to push up the price!!! Anyway the fundamentals r strong so no worries. V only worry if v r speculating. Then it will boil down to correct timing of entry which no one really knows. Anyway that's my 2 sen worth of thoughts. Gud luck if u r switching. Comments not meant as recommendation to buy or sell. Use info as u see fit.
LPTan68, good morning. Thanks for sharing your brilliant insight of investing philosophy using the analogy of fishes being lured into a pond, fed well and then being trapped. I fully agree with you that PATIENCE will determine who wins finally. After such a hectic week, we all need to relax, reflect and steadily nurture our patience over the weekend.
yuanlong57: Gud morning. Keep up the gud work of researching and comments as u see it. Whatever comments that each and everyone of us makes should ONLY b used as food for thought b4 we make a decision to invest or not. From dialogues here I can see u must have been involved with the stock market for a long while already. U too have a v sound analytical sense n it's great having u as a buddy in the market. U do have great pointers too. Keep it up and let's ALL HUAT TOGETHER.
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....
Jefflim1234
896 posts
Posted by Jefflim1234 > 2017-06-16 16:15 | Report Abuse
Projection is abt rm2.05 close 2day. Only half an hr to go.