for sure. the 8 points drop suddenly today around 4.30pm is due to BAT. One of the most stable stock in KLCI. market needs to correct itself. 1630 should be the level at the moment!
if you want to look at the health of the economy and valuation, BAT is one of my favorite and reliable barometer. But i cannot afford its shares in large volume :(
Haha not so bad la bro. Asia generation mar! To me must invest in upcoming nations, not the developed anymore. Russia, Brazil, India and Indonesia (not china) are the next playing field. Malaysia still in category of B-class together with Thailand, Myanmar and Mexico to name a few!
I see it has gone down below 56. Its your choice mate. Someone familiar with BAT (following for 7 years) told me the market correction for BAT is about 56rm. So I guess the "oversold"position in market will come to a correction soon enough!
pathew, 56 should represent market level at our current economic strength. That's all i am saying. not a buy or sell call! when BAT was 64, it was too high!
Eric, if i were you and thinking of buying, now would be very attractive to get into BAT now. you can wait a while to see if it could go lower, but anything below 56, very good value already. nothing has changed fundamentally since the last sin tax hike. They are going into next financial year without any hikes! up to you to decide. but i foresee if a bull comes, this stock will take the lead in price hike for bursa! back to 59 at least!
hard for me to imagine those numbers for this old counter! but, of course, you can never predict moods of Mr Market!
normally they just fall back on the time tested method of passing the bill to the consumer! why fall so much then? illegal smuggling of ciggies have reached epidemic proportion?
teach you new trick ya kid, firstly, if you want attack another forummer, build your postings to about 100-200 first before attacking! then many forummers will be confused. I will teach you second one, third one and many more later, if have time ya?
yalah. no contribution just come to claim, how can? must prove urself first then challenge kcloh mah. kcloh is heavyweight la. establish first your weight mah.
Bro alexlulu, no need la. I can defend myself. Later he said you are another nick created by me or call "cronies" of mine to get out of this forum! My intention was to get rid this forum of tumor cells only. On another note, welcome back! LoL
Want to battle with big fish,we should reunion our small fish community regarding each counter pro & cons factor.Since everybody have invest in lots of different sector,better share each experience regarding the time frame,dividend,characteristic & most important cash flow efficiency for the counter.
I know it will reach 59 just a matter of time. But dunno where bottom is yet with Malaysian investor mentality! No sin tax hike, what's their problem?
Like I said, I offer Mr Market 47 or 48 because I want about 20%+ return. Dividend play alone not enough for me with so big a capital outlay! Take it or leave it! Little kids just want to catch me at tiny mistakes. Tomorrow they will shout, see see kc loh said will reach 47 or 48. Mark my words!
I dunno this is true or not, but from observation it must be. That is, smokers will still be smokers! Its a guaranteed market,hence making BAT a component of the market spending or consumer pricing index!
Its only a matter of pricing. If there are cheaper alternatives, you may look at losing market shares. Has smuggling rised so such proportion? I think not! But Govt understands enough that if they keep raising sin tax, they are opening avenue for smugglers and losing tax revenues for themselves!
kcloh, u better believe it. i now smoke 3 pack of Malboro a day from 2 pack a year ago. as a experience smoker i can tell u smoker wont change brand. if they keep raising sin tax we would still smoking. there r no alternative.
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....
Mohd Shuk
725 posts
Posted by Mohd Shuk > 2012-06-17 15:10 | Report Abuse
Last Minutes drop more than 2...Very strange!