if you all observe the trend of the counter jan 13 onward, it is in upward trend even it is slow and fluctuate. 1.70 is its immediate support and the resistance point fall on 1.95. Believe will be soon move in a more significant pattern with the coming result and its sub listing in Singapore
Shall anybody can explain the BDI (Beltic Index) effect to the shipping company's performance? If there is a standard, BDI at what level will cause the industry player face possible loss? Plantation at least hv a guide of CPO as yardstick, which generally CPO price at 1800 is the industrial player break even point. Thank you
operating loss, less other associate income, no more asset disposal income, If the company not really competible in market better distributed reserve which is 5 time of their current paid up
no worries lloydlim, not blaming you. i will keep this potential stock. wait til next year, once POSH listed & BDI keep moving up, this SHIP sure will sail... jz patient & wait.... top up when price drop
Good luck to u dingding but I still suggest u to sell once bounds back to 1.73 coz BDI keep dropping now & POSH doesn't perform well according to Q3 result. Q4 result should b worse than Q3 in review of current situation, buying interest already reduce, so more downside risk to take if u still holding it.
By looking at disappointed financial earnings, the stock price should drop severely prior and after the financial announcement..however, prior to announcement, the stock up by 1 cent and not drop down so severely today. Hence, im guessing some investors will be hoping for good news especially regarding the POSH listing. That is y strong support at 1.70
BDI is a wide number covering various ship classes and all international shipping routes. Its not a definite reference for a single company but it does point to the fact that bulk shipping is improving overall globally. When you buy this type of cyclical share you need to look ahead. Buy and keep only if you think that regional economy activities esp China will pick up. I think POSH listing will be announced in Dec with listing in Q1 2014. I've been collecting since RM1.30s when analysts were calling for sell with TP like RM1.00. This is my long term holding.
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....
lloydlim
3,981 posts
Posted by lloydlim > 2013-11-22 16:47 | Report Abuse
I think KLCI is bullish now so Bull should Win!