With 90 days of negotiation and the rights for extension period, there could be various possibilities and hence, the share price would be in an inactive mode after the previous rallying. I recalled that the share price stayed in the range of RM2 before the rallying and believe this should be the support price until more promising news about the merger.
i believe the deal is ON, problem is how many times book for RHBCap, 1.5 times at least. Remember in mid 2011, MayBank & CIMB was asked by BNM to consider buy over RHB Cap? Do you think that CIMB is so stupid to enter another Due D gain ends up not buying? What's the reason behind CIMB pintch Renzo Vegas from RHB Capital? RM2.50 is very conservative price for OSK. Invest at your own risk.
OSK has appreciated much from the last few weeks.I must say that all the stocks recommended by OTB are flying now namely OSK, PJDEV and PJDEV-WC. On the money and worth the investment. Undervalued and lots of potential. Worth every sen to subscribe to his articles. Money paid back long ago after 1 week.
If you are interested to know more on market outlook and stock selection, please subscribe to my article, please email me tbooifx@gmail.com. If you want to learn about technical charting, you can visit me at GTower, Kuala Lumpur. I have a weekly gathering at GTower (mostly Wednesday night) from 7.00 pm to 8.30 pm. All are welcome to attend free of charge.
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speakup
26,541 posts
Posted by speakup > 2014-07-14 11:22 | Report Abuse
opportunity to buy more.