Local IBs have yet to say much after the Angmo JP Morgan's very positive view on plantation stock. It is very embarrassing if local IBs don't follow suit. i think they will issue plantation sector upgrade and coverage on plantations counters with higher TPs soon. When that come, price will surge pass the previous high as earning in 2021 and 2022 is at record high.
Plantation stock rally has just begun in Feb 2022. It appear to me that there is a lot more steam for this rally to continue for months. Like many other stock rallies, we may see some plantation's share price surge pass triple digit % increase. I will just lock up my plantation stocks to enjoy the once in a lifetime superb return.
GLOVE rally lasted 4 months to reach its peak (Apr 2020 to Aug 2020). Supermax share price was around $1.63 (2/4/2020) to around $23.00 (7/8/2020), increase of 1,311% Topglove was $6.40 (2/4/2020) to $28.00 (7/8/2020), increase of 338% Harta was $6.80 to $21.00 , increase of 209%
STEEL rally lasted about 6 months to reach its peak(Nov 2020 to May 2021) Anjoo share price was $0.60 (2/11/2020) to $3.10 (10/5/21), increase of 417% SSteel was $0.42 to $1.20, increase of 186% Melewar was $0.20 to $0.72 , increase of 260%.
I have dabbled in rallies such as the 2020 glove rally (cabut too late), and 2021 tech rally (cabut too early). Made some good and bad calls during these 2 years. Nobody really knows for sure when the cycle ends. Enter if you think have potential or exit whenever you feel the situation is too giler and don't beat yourself if you cabut too early or too late. Better earned a bit of pocket money than lose your seluar dalam.
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ahbah
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Posted by ahbah > 2022-02-17 11:51 | Report Abuse
Please act fast while the plantation stks are still veri chip for all to
play play n get fun !!!