SIBU: Sarawak will reopen its economy in August once 80% of its 2.08 million population is vaccinated against Covid-19, says Chief Minister Datuk Patinggi Abang Johari Openg.
CMSB problem is the financial official caused company to lose money in the last 3 financial years...where got book cooking involved ? Not like SD reporting billions of doubtful contracts.
A quick refer to Bursa announcement , EPF trimmed the share holding from 99 million on 23/6 to 64 million shares ,climax on 25/6 plus last few days continuous subsided disposable has stabilise/plateau the share price which might leads to sideway moving forward bearing no more major disposal until period it will pick up or down momentum again depending on whether or -ve catalyst news. My two cents .
Epf buy and sell based on their mandate and targets. Whilst it may be a good indicator on any stock‘s future movements, sometimes the opposite happens.
Look at the glove counters especially TopGlove and see how sometimes EPF buy even at higher prices, and later you can see disposal at lower price later. They may have entered at various stage during uptrend or downtrend of any stock and the reason for selling/buying is only known to them (i.e end Q2 adjustment, I-sinar etc etc, you name it).
In the case of CMSB, it is not entirely surprising to see EPF come back and wallop CMSB shares at a later date even at higher prices. Why? Reason only known to them. As long as the company is stable and have good growth prospect, that is more important to me.
CMSB is definitely well sought after recovery theme play stock. Just need to be patient.
Sifu Pang asked to buy CMSB and other Sarawak counters in anticipation of Sarawak state election in August or September. Strong support at 1.10. Price may double when the day election results was announced.
Mentioned no need to fear about the problem as the son of Taib M is in the management team again. Seems EPF is the biggest seller right now. Sooner or later EPF will have zero share in CMSB.
The state legislative assembly's term expired on June 6, but the Yang di-Pertuan Agong has advised the state government to continue functioning under the Emergency Ordinance.
The state election must be held within 60 days of the lifting of the Emergency.
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....
tingpangeng
150 posts
Posted by tingpangeng > 2021-06-30 18:11 | Report Abuse
EPF is looking for money everywhere to meet i Citra demand ...sold off 10 millions shares of blue chip Harta hence is CMSB is not spared