After breach 0.55 last week. It will drift further down to 0.52. I'm no hurry to buy back though selling at 0.585. Not black heart but this is TA. Pesona already started. Can join me now.
TA wise it should go below 0.55 after staying quite sometimes at overbought level. It all depends on the player. Earnings is better off but not its best performance when usd at 4.3.
However, penny stock is a place for punters. If after posting good earnings it fall down below 55c and drop to overly sold e.g. 52c, its clearly tell that this is their playing ground. just check chart from may till aug you can see that pattern.
certain trader make money contra play, some swing trader also make money on breakout. long term trader even makes more money in the long run (if forward bullish)
many style but depends on you trading or investment objective
like in skp, you cannot make money in short term as earnings has flatten (not for you). investor see no more growth. but for those knowing what skp customer plan moving forward, then buying at below 30% rsi is a bargain.
mneo Evergreen QTR result is just out...It is much better than Persona Metro.....LOL.... poor trader moneykj..... sell good company and ask Sohai to buy Persona Metro.... 24/08/2018 18:00 _______________________________________________
Invest base on feeling and emotion can't help much. Knowledge and skill are important.
The drop of price after Evergreen released its quarterly results is not without reasons: 1) If you did not read properly, you thought the results improved. In fact, it is not a clear picture of it. The increase in profit before tax is mainly due to foreign exchange gain versus forex loss last corresponding qtr. 2) Average selling price has dropped. That means they are selling more in quantity but profit margin dropped. Not a good sign. 3) In the prospect column, management indicated a more challenging second half of 2018
I would only consider it if it drops below 50 sen, seriously...
one note: if you look at the description of how profit before tax was derived for this quarter.. foreign exchange gain this qtr is 5.518mil, compared to forex loss 2017 Q2 of 3.394mil.. so the difference is about 8.912mil (assuming zero loss or zero gain)...
Operating profit is already down from 57.24mil to 55.691mil. and if you put in the diff of 8.912 mil.. you can see that they are doing worse in net profit (if not taking into account of forex gain/loss) compared to q2 2017...
net profit q2 2018 (including forex factor) = 12.119mil net profit q2 2017 (including forex factor) = 6.58 mil difference = 5.539mil only (versus the diff of 8.912mil).
so i don't see a recovery in Evergreen yet... not sure about Q3, but definitely not for Q2...
@Jeremy, thanks for the notes but i have different opinion. Its very important to post better earnings regardless where the profit comes from. Just imagine if profit is less like in Q1, even lower qoq can be a disaster. It msian style.
As for me, when stock FA is improve but price not moving up, at certain point i have to agree with moneykj. What does that possibly tell when support for 30 days easily broken less than 5 days trade.
I think i come to understand what moneykj means now. I only attack him on his action but never attack him on his knowledge.
What's the problem with them forex gain? They are export stock so the higher that usd dollar went up higher profit for them... The next Q is likely even better than this Q if the usd keep going up. And their revenue keep growing while the average selling price is dropped which is true but once they get beat all their competitors with lower selling price they likely can start to increased the profit margin in the future. Everything is show it going to get better this financial year unless ringgit strong back. Correct me if I'm wrong
erm, sth wrong with this counter, recently a lots of counters are having good result but keeps dropping, i think operator use good news to release their holdings
0.52 could be only the lowest for today, sigh....sayurnara...let's it stable and uptrend then only play again...no point to catch falling knife...only operators can keep dumping every day...ikan bilis all die
Superb99 0.52 could be only the lowest for today, sigh....sayurnara...let's it stable and uptrend then only play again...no point to catch falling knife...only operators can keep dumping every day...ikan bilis all die 28/08/2018 16:26
whatever la, no point to play this counter at the moment, by right, if this is a strong uptrend stock, it won't even broke below 0.59, now even broke 0.53, ya, next support will be 0.505.
Although the latest q not doing very well. But next q will improve due to 1.stronger USD and 2. lower production cost by lower log and glue price. Do we need to wait until next q results out only buy? Or wait until below 0.50 only consider as recommend by Jeremy chew? Remember, market is always looking forward.
1.stronger USD and 2. lower production cost by lower log and glue price
but the uncertainty is if their average selling price keeps going down (has been going down since Q1 if you look at their comparison comments for 2018 Q1 & Q2) and if the drop of the average selling price is more than the impact they gain from stronger USD & lower production cost...
then their net profit will drop also... we just dunno which one has the bigger weightage...
just my 2 cents...
so it is hard to say for sure that they 2018 Q3 results will be better than 2018 Q2 or 2017 Q3...
uncertainty is still on the average selling price as that directly impacts the profit margin...
In poker game, the experience and skillful player well versed in probability, psychology and game theory. Even not a very good card also they will win. The new player even four of a kind also not dare to sailang. Now you have good cards. Opponent cards you will not know(uncertainty). At least you have confident. Your probability is higher. Win or lose depend on whether you equipped with your knowledge in stock market or not. If yes, you might not win here. I'm sure you will in other counters.
I was talking about 0.50... but 0.51 is really close to 0.50.. anyway... i went in to see late today.. already at 0.535.. and it is 0.54 now.. so i will not enter now... wait...
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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....
Superb99
6,599 posts
Posted by Superb99 > 2018-08-26 19:02 | Report Abuse
Just hope it can go up tomorrow and all retail investors can earn sth here