I am not pouring water on the fire, I only dream the target price if the stock price can cross 1.00 convincingly. Please follow step by step. Thank you.
May be next 2 weeks, it seems to me there are a lot of sellers there. The most important of all news is the quarter result out at the end of the month. If good result, the stock price will move up. I am still waiting to buy if the stock price can cross 1.00. It means the result should be good. Thank you.
The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract is likely to trend higher next week in line with the bullish cash market, dealers said.
Affin Investment Bank vice president and head of retail research Dr Nazri Khan said the local market is expected to receive a boost from the US debt-ceiling talks breakthrough and the pre-UMNO-election rally.
"The fact that President Barack Obama is considering a Republican proposal to extend the debt ceiling for six weeks will be the catalyst needed to spur more market optimism next week.
"We expect local equities to also ride on the positive global sentiment, alongside bargain hunting," he told Bernama.
He also expects the local market to receive more foreign fund inflows amid rising investor confidence ahead of the Budget 2014 announcement and launch of the two biggest 2013 initial public offerings (IPOs), namely, UMW Oil Gas Bhd and Westport Bhd.
On a Friday-to-Friday basis, October 2013 rose seven points to 1,789.5, November 2013 gained 6.5 points to 1,789.5, December 2013 was six points better at 1,789.5, and March 2014 advanced 8.5 points to 1,787.5.
Turnover declined to 21,582 lots from 38,508 lots traded last week, while open interest slipped to 46,374 contracts, against last Friday's 46,528 contracts.
Meanwhile, the benchmark FBM KLCI rose 9.19 points to 1,785.75 compared to 1,776.56 last Friday
Steve...depends on Good Sharks...If they have eat enough at 97.5-98.5...it might close green....Good Sharks eat and keep for long term until price exceed RM2.0....
Pantech is a good company for investment. I also tell my own investment group members to accumulate. Demand for its service will come for the new Oil and Gas projects. Same reason for KNM. People do not want the shares, we definitely are interested. We have HOLDING POWER for bargains. Good luck to your trading.
too long waitng man for such a popular stock...no funds want to enter except at lower price...how many months has this been going on like this??? mana fund mau masuk? mana???????????
The oil and gas sector is one of the key focus area s under the government’s Economic Transformation Programme. This sector is also Pantech’s single largest customer group, accounting for some three quarters of the company’s total sales. The remaining demand is attributed, primarily, to the oil palm industry and downstream refining, the power sector and others.
Export demand remains strong in the US, Latin America and even Europe, on the back of continued spending by oil majors.Crude oil prices have been holding steady over the past 2-3 years. The benchmark Brent crude oil averaged some US$111-112per barrel in 2011-2012, respectively, and about US$108 per barrel in1H13 – having recovered smartly from the slump in the immediate aftermath of the global financial crisis. At current level,prices are supportive of exploration and production activities.
Josh, my guess is same as yours. Normally it should have started to move by now and not waited until the report is out. The insider knows best. Btw it's a good fundamental stock but it's rather disappointed for waiting too long.
Keep up the good play. Enjoy the petrol funds from Pantech, Trustme932. More to come , including KNM. Same industry business. Both shares I do own interest in them. Good luck to your trading everyone.
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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....
lloydlim
3,969 posts
Posted by lloydlim > 2013-10-12 18:55 | Report Abuse
Sure it will come one day, just be patience guys, better hold tight tight now!