Sometime be realistic on the target price, over confidence will easily get burn, sell at peak buy at low, not buy at high sell at low, with panic selling just to cash out!!!
True, but that's for cyclical stocks. That does't apply to uptrend stock as the trending get higher high & higher low. So, for me is better buy high & sell higher for uptrend stock~
Protasco is a good & safe stock. I am happy to see you make money in PM Corp & Tawin. You are wise not to join those gambling kaki. You are getting better & better in your Stock picks.
Calvin, I dunno how to express my thanks to u. PM Corp & Tawin really earn me more than 30% within short period of time. Since u mention Protasco is a good & safe stock, then my worry about it r all gone. This counter is gonna earn me more than 30% again. Thank u so so much!
These Are The Reasons Why Protasco Is Now Turning From Good To Better:
1) Protasco Has Major Road Resurfacing Projects From The M'sian Govt. It's Defensive. 2) It Gives Good & Generous Dividends. 3) Best of All Govt Has Just Proposed RM40 Billions For Road Upgrading Throughout M'sia.
Calvin, don't u plan to buy back Protasco? True, dividend yield about 5% exclude special dividend. Good to keep for long term. I can't imagine Protasco price if won those government road upgrading project. Thanks for convincing me that Protasco is a good company to invest. =)
They sold their treasury shares 17m @ RM1.47, and a few days back, they did a buy back 1,000 shares @ 1.54. One catalyst besides the road upgrading project is the oil & gas sector, which is suppose to provide growth in earnings in 2014. Some potential in this stocks.
Based on PEG calculation, with PAT growth of 10%-12.5% for the next few years, it will have growth potential from today market price @1.65 of about 11-35%. If the growth exceed 15%, the price has potential of upside of 65%.
Protasco has the same profits, more dividends and a more sexy growth story than Yinson. Both are in multiple sectors. Look at where Yinson is now. RM9.00.
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Posted by nch218 > 2014-03-06 17:59 | Report Abuse
Sometime be realistic on the target price, over confidence will easily get burn, sell at peak buy at low, not buy at high sell at low, with panic selling just to cash out!!!