Regardless of next 2Q result, drop more buy more. By 2020 then hoseh liao. Waiting the new product to contribute. One of its main customer invested 2b to deleveop LED products, i have no worry about IQGroup business in long run
Yes, this is a good company. Yes, the long term outlook is bright. But we must face the fact that it's a down trending stock, take time for trapped short term traders to fully sell down. Picking bottom can be highly profitable but need two bullets - strong stomach and patient money. If your definition of risk is permanent loss of capital, then this can be low risk high return opportunity. If you do not have the two bullets, temporary loss can turn into permanent.
@Alex Lee, I am not those buy this month sell next month type of investor. I hold good stock for long term, as long as the fundamental of the company and business prospect doesn't change.
I have faith it will back to RM4.50 in 2 years time. include the dividend, the ROI could reach 55%, which is 23% per yr, good enough for me.
Discount due to poor performance vs discount due to market down is 2 different things. The first will make your money stuck (while u can earn other place), the latter can make fast money.
PE10 now bcoz 3 prev qtr are strong. If next qtr still earn 2m plus then will be worst.
If given option, I wud rather put money is other place like mmsv, krono (growth prospect) or much stable inari or uchitec. Choose wisely and happy trading.
next QR will determines whether it will goes down or goes up. But in long run, it is still a good stock with bright future. One QR doesn't mean it is done, I believe management is trying their best to resume the profit.
Be greedy when others are fearful, be fearful when others are greedy.
I don't buy stock with strong upward trend, I buy when they are on down trend but future business prospect remains the same. SerbaDk, FPI and TGuan is giving me return already. Evergreen and IQGroup I guess will be next year.
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....
RainT
8,448 posts
Posted by RainT > 2017-10-03 16:24 | Report Abuse
Wish us good luck
Let see next qtr result, management is telling lies or not !