Witness something suspicious today. Seems like someone deliberately driving down share price. The timing of selling is within split seconds, it's like being manipulated by AI. Something fishy is going on here... is there anyone could shine a light on it?
The current economy is not good, it's normal for share price to go down. But at that time, it's so weird everything happens within split seconds and the share volume done was also in some sort of sequence... just curious on that haha.. I don't mind the share price going down as I am a long term investor, going down actually a good thing for me to buy more.
Based on my observation from last week until today, it looks like someone is unloading shares, deliberately driving the share price lower. Maybe it's insider knowing current QR isn't good. Current selling pressure is high.
This TA really funny buy call 1.41 few months ago and sell call 1.11 now...change opinion like changing shirts...better make our own research and judgement...
Never trust any of the analyst reports out there. They are always here to manipulate. Sometimes they've been asked to write this report just to let the big whale accumulate. When the share price rises, they ask you to buy. So that the big whale can sell their shares to you. Current economy isn't good that's why the share price dropped, it is just simple as that. Anyone who is doing business knows it's hard now. Company's fundamental is still very strong. If it dropped further means more discount and just collect. Just my personal opinion.
@DividendGuy67 Good writing! I would like to add on the 62M freehold land. Freehold land will only add value over time. At current valuation of 62M, it is at a combined average value of approx. RM12 per sqft. Over the years, I think it can be easily disposed at RM30 to RM40 per sqft or perhaps even more (if they were to dispose the land). If complete disposal, I think shareholders will get quite amount of dividends at 40% payout.
I previously blogged on CHINWEL near 1.18 where I said it was trading near accumulation zone, and important to get a full position in a diversified portfolio. I just posted an update today.
If you use daily charts for trading, you may find that it's coming up to a potential resistance at 1.34 (which for the record, I ignore because I don't use daily charts, but monthly charts)
You can read about it in my blog here in i3. No rush, not keen for a fast win, more expecting many zig zags both up and down on its way to around 1.68 to 1.8 to 2.3 zone (not sure exactly where but we'll see). It could take longer than 1, 2, 3 years to get there.
Q1, 2025 Revenue showing good traction both yoy (+26.4%) and qoq (+11.6%); and would have been a profitable quarter if not because of the RM7.5 million FOREX loss hit; total cash holdings remain strong at RM195 million or 50 cents per share; and current traded share price of 97 cents is less than half of its NAV or RM2.20 .. next quarter should see a writeback on some of the FOREX loss provision as USD:RM exchange has swing back from 4.10 to 4.40 .. not so bad after digesting the details ya ...
Maintain SELL, with new MYR0.65 TP from MYR0.76, 34% downside. Chin Well’s 1QFY25 (Jun) results missed expectations due to weaker-thanexpected sales and margin. We revise our forecasts on expectations of continued soft earnings in the upcoming quarters due to prolonged demand weakness and loss of economies of scale.
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....
Seabase52
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Posted by Seabase52 > 2023-11-23 17:06 | Report Abuse
Witness something suspicious today. Seems like someone deliberately driving down share price. The timing of selling is within split seconds, it's like being manipulated by AI. Something fishy is going on here... is there anyone could shine a light on it?