As technically there is no support and it is confirmed its long term down trend stock, I would sell on any rebound. With bad sentiment , there may be no more rebound for a while. Cut loss or not, you have to make judgement. I have warned earlier
if want to write imaginary negative about a company, anyone also can cook up a story to make any company in stock market to look bad. All companies are subject to the same type of risk, difference is how much hard assets do they have. After Berjaya hills, lets look at another one, Berjaya Times Square (BTS) ( 700,000 sqm built up area ), that's about 170 football fields, with hotels, shops and indoor theme parks. BTS alone is worth at least several billions if disposed. We have seen only 2 assets so far, How about others ?
Let me share another piece of land Bukit Kiara Equestrian & Country Resort, as we all know Bukit Kiara is among the hottest location in KL, vacant land there can easily fetch above RM250/sq feet. That land is more than 7 million sq feet, easily RM2 billion if disposed. If developed into properties, even bigger value. I suggest you go and do your own research, so far I only mention 3 of their many high value assets. This fall of share price is really unjustified, "hot money" activities give us an opportunity of our life time to own this share at this kind of price.
PETALING JAYA: Four law firms in the United States have filed class-action suits against Nasdaq-listed MOL Global Inc, which is one of the worst performers post listing.
Wire reports said that Gainey McKenna & Egleston, Robbins Geller Rudman & Dowd LLP, Glancy Binkow & Goldberg LLP and The Rosen Law Firm had filed the suits in the US District Court for the Southern District of New York seeking to recover damages for alleged violations of the federal securities laws.
Among others, the plaintiffs alleged that the defendant made false and/or misleading statements and/or failed to disclose that the company was overstating the revenue and profit derived from MOL Global’s business and operations.
The four are seeking to recover investors’ losses pursuant to MOL Global’s initial public offering (IPO) under the US federal securities laws.
Robbins Geller’s complaint alleged that under the rules and regulations governing the preparation of the registration statement, MOL Global was required to disclose at the time of the IPO that it lacked adequate financial reporting capabilities to timely and accurately report its financial results and forecasts.
It also alleged that MOL Global misstated its revenue and direct cost and other ancillary expenses in its Vietnam subsidiary, and that the shift from online to mobile gaming had decreased volume in the company’s online games portal, MMOG.asia, with the decrease being further compounded by technical delays in introducing and monetising new mobile games on its platform.
The plaintiff noted that MOL Global’s registration statement contained no such disclosures.
Glancy Binkow alleged that MOL Global failed to disclose that it would not be able to report its third-quarter 2014 financial results on Nov 21, as previously stated and thus as a result of the foregoing, its financial statements were materially false and misleading at all relevant times.
Shares in MOL Global had earlier in the week declined by 59% to US$1.69 (RM5.83), which is about 80% below its IPO price of US$12.50 (RM43.10) on its debut in the United States on Oct 9.
Trading in the shares had been halted since Nov 24 due to the delay in the release of its third-quarter results and the resignation of chief financial officer Allan Wong.
StarBiz reported yesterday that MOL Global’s single largest shareholder Tan Sri Vincent Tan Chee Yioun gave his backing to the company’s management and felt that the stock had been unfairly punished.
MOL Global shares have since recovered some of the losses and were last traded at US$3.95 in after-hours trading yesterday.
MOL global even become USD ZERO ( 0 ) also wont impact Berjaya Corp. Just the 3 asset I mentioned earlier ( Berjaya Hills, Berjaya Times Square and Bukit Kiara ) is already 3 to 4 times larger than 45sen BJCORP. Plenty of other high value assets in London, Korea, Japan, Langkawi, Redang, Tioman, Johor, Selangor Turf Club and etc... just too many of them for me to list.
Not forgetting, they also have business like direct marketing Cosway, Sports toto ( soon casino in Jeju Korea ), Mazda Car assembly/sales, Insurance, Berjaya University, Informatics and many other high value business. Don't let your emotion control your brain. Although accused as a crony, VT is a decent family man and he does quite a fair bit for the communities.
nancy ure very cute, u seems like hate bjcorp so much but u always wan to come and comment in this page. all ur comments are either in hatred words or very sarcastic words. jz wondering dont u have better thing to do in ur life? Im jz wondering, if u dont like a counter or the counter nth to do with u, normally u wont come and comment everyday one. LOL
ayah, so few of us how to push it up!! Cmon, need big boys to buy lots!!. Problem is may limbo LOW there long time!! Who knows we may be bjcorp club patting each other on back hoping it may kaboom upwards one day!!! Buy a few bcorp as souvenors and then rest go buy good dividend stocks with potential for capital appreciation. TNB, HL Bank, etc.
Buy some bcorp. Dont put all your money into it. Go buy Ammb and Maybank all near lows. Sure definitely make money or else get some reasonable dividends. Chinese New year time maybe can sell for some profits!!?? Good idea or not!!??
Thing is we all know bcorp is undervalued. Can be holding very long for it to kabpoom up!! Problem is we risk holding too long. May go up very soon or may hold long time. Tak tahu!!? WE dont know. Those who want to buy lots and hold is OK . So be prepared to wait. Or lese if it kaboom up next week or month, then your luck!! Calvin is right bcorp is undervalues and he not con us. Thats what i gather from his comments. Take your risk on bcorp anyway.
@ Hi musangfoxking ... to be fair , CleverBoy's suggestion is not bad! At least he didn't go into other's forum , bashed up peoples counters (day & night) asked them to sell & buy his counters ... subsquently leading to irate people bad mouthing him & bj corp as well !!! The irony of it is that he created enemies instead of friends for this counter !
i believe calvin speaks his mind , promote ok lol but when demote, ppl dont like and thus landed him being call a crow or a con. here in bj when price finally move up then he will be remember for his fine deeds, kikikikikiiki
anyway, lets do the limbo rock again!!! Every limbo boy and girl All around the limbo world Gonna do the limbo rock All around the limbo clock Jack be limbo, Jack be quick Jack go unda limbo stick All around the limbo clock Hey, let's do the limbo rock
Limbo lower now Limbo lower now How low can you go.......as low as u want it to be!!!
Today touching new low 0.42 before finally found support at 0.435. It's breaking every single trend http://klse.i3investor.com/servlets/stk/ta/3395.jsp It has to stay at or above 0.435 next week before it can have technical rebound. Breaking this will see further down trend. Not a buy/sell call.
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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....
bulltrapstock
24 posts
Posted by bulltrapstock > 2014-12-05 07:55 | Report Abuse
As technically there is no support and it is confirmed its long term down trend stock, I would sell on any rebound. With bad sentiment , there may be no more rebound for a while. Cut loss or not, you have to make judgement. I have warned earlier