Mieco at the edge. 1.05 and 1.03 are very near support. This will mean dropping below the 2 support may be devastating plunge to 99. Very key to stay above. We are sure of one thing, the already hv forex gain in the export exchange
Nobody can tell from the the chart. But on the logical side the results being in Feb my suspicion is collection if happen will start end of Jan or early Feb. So chances are it will drop fr now till then
Look like many peole give negative perspective on sell call for mieco. What it mean to me is good? Logically this guy like this stock and want to accumulate more at lower price. Clever2. Price touch first support at 1.06. Should be consider low risk if wanna to collect for invest. Good stock not easy to get fast money. Good for investors. ..not suitable for contra player.
i think it is hard to beat the EPS 7.07 compare to their corresponding quarter because that quarter mieco gained RM16.1m on the disposal of land and building.
Mieco's last 2014Q4 is actually still loss making, but gain from disposal of their subsidiary If you observed carefully. Hence repeating the feat of EPS of 7.00 is not quite possible. However, the disposal of their subsidiary can be used to contribute substantially in cutting down the borrowings (40%), so they are able to trim down the finance cost soon. If Mieco can perform another 3 to 4 eps in 2015Q4, then all should be good.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3224 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
qwertyuiop
581 posts
Posted by qwertyuiop > 2015-12-31 15:46 | Report Abuse
Last call +1. Kekekeke, peer have moved, this is a real hidden gem.