is a new closing high. Yet to reach top volume, so? You should know what is the most likely direction of the shares is going. But, still it depends on the stock market operator mood...
Foreign ownership comprises less than 1% of total shareholding and this stock comprises of majority shareholder so unless they sell too I think the 1.30-1.35 may hold.
luckily i cabut much earlier at 1.42 (bought 1.03), the 50m deposit (in the form of shares of PT Inovisi Infracom TBK or of the Indonesian Rupee and the collateral could be worth less than the RM 50 million deposit.") have now become 30m and rupiah falling drastically http://klse.i3investor.com/blogs/kianweiaritcles/36050.jsp
I'm out at the moment. Poor indo market and rupiah sentiment will likely affect prospects of indo purchase, govt tightening measures on property will affect property segment, weakening bursa sentiment and ringgit may mean another selldown. Chart wise uptrend seems to have broken and turned down. Not looking good at the moment.
Smart bet on low risk land purchase. The company needs land bank and projects to hit higher profit. Should see more purchases added up like SP Setia some 500-1,000 acre land bank. TP 1.80 this round before oil business. With oil business if secured TP 2.20 industry P/E.
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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....
ongsy69
29 posts
Posted by ongsy69 > 2013-08-07 11:55 | Report Abuse
Hitting 1.53 now