ramona rahman dont try to press the panic button to frighten asoh. U must equipped yrself with positive thinking...n to be united with all PANTECH investors n not to give in to the bidders whom r anxiously queuing to buy at a lower price.....or u might be one of the bidders?
Share prices on Bursa Malaysia are likely to stage more corrective rebounds next week to neutralise its deeply-sold situation and track upswings on Wall Street and Asian regional markets.
Affin Investment Bank vice president and head of retail research, Dr Nazri Khan, said the local bourse should get support from the buoyant Wall Street based on fresh optimism about the global economy and burst of corporate deal activities.
"We see rising corporate deals and mergers as bullish and is consistent with market re-leveraging where cash-rich companies hunt for undervalued assets.
"Underpinning investor sentiment is the recent bullish upbeat economic data where well-received manufacturing and service sector surveys from China and Europe have raised hopes of a broadening global recovery," he told Bernama.
Meanwhile, he said the tabling of 2014 fiscal-friendly budget, expectation of UMNO election play, neutral Bank Negara monetary policies and rising local merger and acquisition talks will be market-supportive for sentiment near term.
"Strategy-wise, aggressive investors should 'long' index futures on strength while conservative investors should stick with event play blue-chips after the recent sell-off," he said.
On a Friday-to-Friday basis, the FBM KLCI slipped 3.78 points to 1,723.8, Finance Index declined 19.44 points to 16,182.73, Plantation Index fell 49.37 points to 8,153.7 and the Industrial Index shed 8.75 points to 2,901.07.
The FBM Emas Index declined 11.22 points to 11,957.36 and FBMT100 fell 12.2 points to 11,717.03.
The FBM 70 Index rose 41.58 points to 13,581.11 and the FBM ACE Index surged 446.04 points to 4,975.85.
Weekly turnover declined to 6.6 billion shares valued at RM7.62 billion from 9.490 billion shares valued at RM12.550 billion last week.
Main market volume decreased to 4.81 billion units worth RM7.3 billion from 7.385 billion units worth RM12.177 billion previously.
Warrants edged up to 313.36 million shares valued at RM44.02 million from 260.341 million shares valued at RM24.637 million last week.
The ACE market volume fell to 1.16 billion units worth 264.57 million from 1.750 billion units worth RM336.379 million last Friday.-- Bernama
As for me I will be holding Pantech as a treasury shares similar to Felda and Pantech that are still buying from open market and keep it as treasury shares...The number of shares floating in the market will be reduce gradually.....Soon the support level should be within 1.20-1.30 level....I beleive...
GREAT SANG-JERO u r truly a great value investor. If 80% of investors hv the same ideology like u PANTECH will be in safe hand & the price by now shld be around 1.20-1.30 & further uptrend is exremely bright & sunny.
just to share...I had a chat with one of the Big Boys Fund Manager last night...According to him the upswings on Wall Street and Asian regional markets for the past few days is because Syrian war and Fed tapering issue has been discounted......They have more or less have oversold their holdings....Practically, the big boys do not have much to sell anymore...therefore market sentiment shud improve next week....hopefully...cheers 07/09/2013 17:20
SANG-JERA: you are really a great investor of Pantech who follow up very closely and know many things of the company. Great job. I will let you know when I successfully join the family of Pantech. It takes time and depends on fate chemistry as I am a very slow investor. Thks.
In terms of valuations, TA Securities favours PANTECH which is still relatively cheap at only 8.39 times forward earnings & has a target price of RM1.42 per share against its closing price of 0.94 last Friday.
Catalysts include the group's recently secured approvals to supply carbon steel pipes & induction long-bends from Petronas as well as approvals for nickel alloy fittings by NORSOK from Norway.
More good news coming...I think Pantech will be consistently green for the whole of next week.....Provided every investors hold on to their Pantech stocks......couple with good sentiment.....
I hope that I am not pouring water on fire. I like Pantech especially Pantech-WA very much. I made a lot of money from this stock in 2013. I have to accept the fact that this stock is in down trending now, no reason to buy now. I will be interested to buy again when the price crosses 20 days EMA again. I need to wait patiently for the right timing. I do not want to fall in love with this stock even it is my darling stock previously.
Good stock + good timing = winning formula. Good stock + wrong timing = holding formula (need to wait to make money) Thank you.
All I can say here is there is NO RIGHT OR WRONG....It really depends on an individual perception, analysis and judgment....Your decision....I am still positive...no matter whatever negative comments may come...
Mr.Ooi...Out of curiosity....I saw your portfolio as per your blog site...Are you still holding Pantech-WA..as per the following: and your rationale if you are still holding Pantech-WA....
Ooi Teik Bee tbooi1168 From Kuala Lumpur, Malaysia Investing experience Advanced Risk profile Low
Personally, I did not. This portfolio is to test my "buy and hold" strategy against my trading strategy which supposed to be started at the same time inline of the competition. Thank you.
The market knows that Pantech is a very good stock therefore we can't avoid to see negative statement to push the price down so that they can collect at a cheaper price....Pantech investors should hold and not lose out to the bidders...bluntly speaking the bidders will be laughing out loud if Pantech investors are not mentally and physically resilient....Pantech will break 1.50...HOLD and you will make real money....Timing....Good luck and cheers...
hiddengem...res lies at 0.97,the 1st upside target from here, n major ong term res is at 1.08.Going back up to 0.995 from here shudnt be a problem if 0.97 bid..If u r going for contra trading buying at this level 0.945-.095 looks ok.To expect it to go back up 1.03 over the short mid term,dont think so.
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....
Steve Jub
4,203 posts
Posted by Steve Jub > 2013-09-06 16:07 | Report Abuse
0.94 nice