Hahaha. Based on the chart, this stock only will move to the highest point after a week of quarter results announcement. Unless tomorrow got further update on power plant plus dow jones back to strong buy. 40 cents is possible....
Bro. What i can said. Monitor this stock closely. If you not yet buy, enter at the price that you feel comfortable. If bought, hold it. This stock ready to fly at anytime.
CKH u mention that big shark is coming but why can move for such a small margin only ? If the margin is too small the big shark will be making a loss . Happy trading
Serious. The volume is getting lesser and people keep throwing this share in the past few days. Today only left few players. Shark is gone. Got few players supporting this counter only. Left the small fishes unless the shark swim back. No momentum at all....engine sudah mati.
The market was caught by surprised on the news of the MD, Datuk Seri Anuar bin Adam selling a total of 44.5mil shares of the company on the 30th Nov and 3rd Dec. The amount represent a total of 25% of his original holding (178.6mil shares). Upon the disposal he still owns 134mil shares. Still not sure if he is planning to pare down further his holding or not.
I don't think the disposal was done on the open market given that volume for both of the dates were only 1.5mil and 2.2mil respectively. Still not sure to whom he sold his shares to. If it is to the same party, it should be announce soon given that the 44.5mil shares represent 5.7% shares outstanding (falls under substantial shareholder)
Profit recorded in 3Q18 should continue in 4Q18 supported by the continuous progress billing of Mizumi Residences project which was at 23.7% completion. Assuming the company managed to post a PATAMI of RM16mil in FY19, at the current price the company is valued at 11x PE which is not overvalue but still higher compared to other property companies. NTA is at 47sens of which 28 sens is under "Timber concession rights".
Given the most recent major shareholder activities, it is better for those that are interested in the company to wait for some clarity from the company as to why the major shareholder is selling a big portion of his share.
Those that are already invested, would need to prepare for some volatility given the uncertainties of the recent events.
For those that are looking to diversify some of their holding outside of Tadmax (due to the near term uncertainties) I would recommend them to look at MBMR.
The company is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 5.3x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.5x BV. 4Q18 results is expected to be higher than 3Q18 and last year 4Q17. And FY19 growth will be driven by the still high demand of new Myvi and the launch of the new SUV in 1Q19.
as far as I know off, there's DBT transactions on 30Nov & 03Dec.. but, have no idea on the details. Hopefully, the other party who received the shares will be known soon
Something not right. MD sold his share at RM0. 22 which is a discount price compare 1 year ago. From last 3 days observation, got people curi run away la. Yeo Bee Nee might call off the energy project soon. That why they sell off the share so fast... Please aware and don't get trap at the end.
Bro. This Company already obtain the project and forseen can earn money. If undervalue, sharr will sell higher price. But now, MD only sold their share at 0.22. That's the question mark. Why below market price since they had spent so many effort.
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Posted by quassar > 2018-02-27 11:14 | Report Abuse
any new catalyst this yr?