I don't know, I was just predicting conservatively. It may reach 73 sen again within a year. TA is quite a well managed company. Datuk Tiah Thee Kian has been accumulating TA shares for the past few months. It is a potential take over target. Its NTA is RM 1.66. The company just rejected a take over offer.
73 cent was just like a 0.001 fireworks, phew....vanished and ashes settled on the ground.[maybe scared the investers may query the board during TA AGM in July 2013] but at least dividend and wait for any interested parties to takeover...
When TA's share price was going up a few weeks ago, every one was excited. The market can't be going up every day. For those who had sold TA at over 70 sen a share, perhaps it is time to pick up slowly if it dips below 55 sen and just wait for it to go up to above 70 sen again. Even if you have to wait for 8 years, the return is still better than fixed deposit rates offered by banks. TA won't go bankrupt.
kutty, i only know this counter is extremely undervalue Datuk Tiah bought 9,000,000 shares in 8 days from 5/7/13 to 1/813 at average price of 0.68 this counter is not even close to par value 1.00 (more than 40% discount) Datin Alicia Tiah expects the company to do better in the financial year ending Jan 30, 2014 (FY14), as its first-quarter results of RM33.9mil made up some 40% of its total net profit of RM83.8mil in FY13. http://www.thestar.com.my/Business/Business-News/2013/07/06/Not-the-time-to-sell-Why-TA-Enterprise-is-not-selling-stockbroking-arm.aspx
RSI is still well below 30 which indicate the trading buy call. Don't miss the chance to buy before the price bounce back to 60 sen soon. Target price 1.00.
Malaysia’s FBMKLCI (1,723.80) R2: 1,745 R1: 1,727 S1: 1,700 S2: 1,685 Prices traded in a tight range last week (bar Wednesday’s big swing) following its sharp rebound off 1,660 low. The rebound has stalled just below the second gap of 1,727- 1,745. With prices trading sideways and holding steady above its 200-day SMA, we would not be surprised if the index tried to move higher and fill up the said gap in the early part of the week. Falling below the 200-day SMA should bring about another round of selling with minor support seen at 1,685 and 1,653. CIMB.
same ol, same old..ike prev rd, below 0.60,all no interest..then later..all jump in at abv 0.70.. fear...n greed...just scroll back n read the live story..
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....
scenic
56 posts
Posted by scenic > 2013-08-28 09:20 | Report Abuse
prudentinvestor, do you think to go up to 73 sen, it needs two years' time ? Thanks.