Actually, nobody knows when market at the lowest point...as long as it is cheaper than your valuation and you feel comfortable with both the entry price and the future potential of the business , then , just buy lor. Because we don't know whether tomorrow will be cheaper or not. The most important thing is holding power. Business needs time to grow.
Calling for CCB to plummet will only stand to benefit those who has yet to collect. Any weakness in price offers opp to collect. CCB is an absolute pick to have from 2016. I maintain add.
It's quite comical how when the price kept dropping in 2013-2015 and I was averaging down, no one paid attention. Now that it's rising and in danger of sharp drops then only this thread becomes so busy.
So it's a truism that most ppl buy HIGH & sell LOW. lol
domperrier, you are true investor, agreed with what you said on many people like to buy high sell low, though everyone know the winning method should be buy low sell high.
The main reason is the pain of dropping 10 cents are much greater than the happiness obtained in 10 cents gained (some say 3 times some say more)
sigh...just managed collect at RM3.45....placed an order at RM3.40 - but then, it was not filled... well - RM3.45 is also good enough liaw.... really panic selling within the 1st one hour ...now, things start to stabilize
the RM3.40 just exist for a few minutes...congrats to those who managed to pick up at RM3.40, my tangan not cepat enough - so, can curi makan at RM3.45
some of them said - i was stupid to contribute selflessly to the research in this CCB forum when the price was so high at RM3.70++, why waste time contributing to the research when you cannot buy at RM3.70? can see but cannot eat... but then, patience is a virtue, this prove that in life, you must give to receive,
now - Mr Market give me a chance to buy at RM3.45 and i grab it.
anyway - thanks to Mr Superman99, your work at CCB is fantastic and i have benefited alot reading from it. once everything settled down, please help to write another article for CCB to push the price up
I don't think I have any authority or purchasing power to push up the price, I never thought it was my efforts but the investors, who have faith in the Company, are the one who can decide where should the price go.
Reading relevant CCB news/reports/historical records as many as possible enable me to make better informed decision. Just wish to share with everyone at i3 on what I have seen. (since I had benefited from reading articles from icon8888)
My findings or views may not so correct & everyone should make his/her own decision based on what he/she believe. The final decision to invest or not is yours.
(of course, I will make profit also if price goes up, and suffer loss if price goes down, because I own CCB shares.... :)
GOD - those who sell to me this morning @ RM1.45 - now, they cry also no tears come out man....sigh - i just hope that i do not buy from the old retirees...
CCB fall in share price has no effect on its fundamental. It is merely the market being irrational in reaction to the global market. Sooner or later an equilibrium of value will be achieved.
Market crashing out , take precautions and how strong the underlining fundermentals of the stocks have to give way and bowed down to the trend of the market forces .
michaelwong is not wrong in saying market forces is powerful. If you foresee the market is crashing in 2016, i will recommend you to stay out. But if you do not foresee market crashing in 2016, why not buy on weakness? Why only buy when market is good? I know I am sounding like an old recording tape, but isnt that a wrong way of investing? Most people buy things in the supermarket when there is a discount right? And if it is very cheap maybe buy more and stock up right? So how is it any different in current case? The market has been falling for the past 3 weeks. Global market since the opening has drop close to 20% some even more. The question you have to ask yourself is downside vs upside. Not market bad stay out. Market good jump in. That is a mistake in investing.
don't quote me but i think the worst is over...the new "low" should be RM3.35. Despite two recent selloff - one on Monday 18th Jan and the other just today, the price bounced off RM3.35....if can grab at RM3.40, please do so - before this baby really runs...
The positive operating cash flows is mainly due to - running down on inventories , turning inventories to cash, and - build up of payables - specifically other payables owing to Mercedes Benz at zero interest. Thia is something that CCB has that Hap Seng Star does not. This amount needs to be settled. Hence, I don't think that they can declare special dividends for 2016 .
The special dividend is more likely to be slatted for 2017. Also, the exchange for rate is currently unfavourable to Ringgit. So, it makes sense to declare special dividends during 2016 as you need to repatriate more Ringgit to make up for the shortfall. For 2016, in line with Mercedes Benz expansion strategy, CCB is expanding their dealership network. All this things require cash.
If you can hold this stock for one year plus, I think it can worth RM4.50 based on EPS $0.50 and PE 10. Also, the special dividend may come online on 2017.
So, for this stock, as with all other stocks, rather than trying to scoop up at the lowest, what matters more is holding power. Hold throughout 2016 and probably into end of 2017 and you will reap the biggest reward.
But then , don't know whether this stock can acheived an EPS of RM0.50 for 2016. The key risk is the economy is weak and Merz cannot achieved an EPS of RM0.50 for 2016.
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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....
kancs3118
2,228 posts
Posted by kancs3118 > 2016-01-16 15:04 | Report Abuse
CCB Monday RM3.40....can start loading liaw...