YTL Corp , last quarter reported earning of 2 billion.
I understand that it has been a surging rise but it makes sense as public wants to invest in a stable and profitable company.
As for today's drop, can we speculate that people are cashing out for the holiday and especially those who has been holding their shares for over 2 years when it's only RM 0.50.
So the next question is, for a company that has just profited RM 2B, will they push their share to attract more investors or......? Make sense?
Dragon, The volume is simple too huge of7 0mils in one go.. The buyer beside foreigner fund then is local institute fund.. I saw many big block cross deal. Big fund is hunger for YTL and ytlpower tickets..
there is a cross trade of 15m units shares at price of 1.57 (trading at last) around RM23.55m spent for this marriage trades. obviously something is brewing... ytl is not going to end here just yet it might trading higher in months ahead. stay tune for the good price to come high chance it will cross RM2
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....
TeamRocket
4,629 posts
Posted by TeamRocket > 2023-08-30 16:24 | Report Abuse
Want to close green today? Lol!