SOP and Taan are like abang adik one the CEO and esos are selling the other the latuk and directors are selling campur with IBs and operators diaorang kasi lu mampus lor
I also hope SOP also do not further issue esos for subscription at below RM5.00 otherwise it will benefit the CEO and the gang and not the minority shareholders and it will further drive away potential investors both foreign and local the result will be shiok sendiri only lor
Where got serious buyer buying stocks where the company keep on issuing esos at so much cheaper than the mother share maybe they want to depress the stock further so that the esos subscription price can be corresponding lower hehe
supersinginvestors if you still have lots of bullets you can start accumulate at the 5.50 level. I am not the hardcore promoter but I see value now for SOP. Bonus 1 for 2 is coming so at 11K divide by 3 it becomes 3.66 per share. Cheap or not cheap you tell me so 5.50 cum bonus is a good buy lor
Smart $ is trading at price structure not at fundamental. Next level support 530 Professional elliot wave trader is eyeing at that level...(edge over retailers
For long term investors, you need to identify companies that have sound fundamentals and with a 'Moat' before deciding on buying and selling based on technicals. Cannot solely rely on TA. Long term, the 'moat' of the palm oil industry is land or specifically, scarcity of land for cultivation due to ESG activist.
This pullback is most difficult to trade. Most of experienced trader will stay out of this. Today is last day of the month(monthly chart). Everybody is looking June candlestick: what message is delivering!
Abba84 unless it is deliberately press down I tot earlier on many people say it will surpass RM10 but most investment guru put it at between 6 to 7.25. I know talk is cheap we will wait for calvintaneng input hehe
Despite sop s splendid perfr.its price seems in ' obituary mode ' going south everyday ,this was after ESOS announcement ,19/May/022 Calvin saysIBs ar th culprits deliberately depressed pric down while i believe 2miilions esos shares ar th main reason . Ur quick analysis?
It is true IBs coupled with manipulating syndicates could be the culprits make sure you have enough bullets to fight otherwise you will be shot in no time
early feb 22, price was about 3.70 and today its 5.52; so thats 50% increse in price, and i believe it has absorbed the higher CPO into the price already, if price can stay around here will be good enough already, but there could be upside, coming from CPOprice breaching 7,000 or prolonged soviet war, or further RM rate deterioration... but far fetched wishful thinking if you ask me.... better to turn to CPO counters where the price increase is about 15-30% compared to early Feb - where the price has upside left.
To put the valuation of SOP into perspective, Assuming EPS of 30 cents for June quarter, Net Assets per Share will be 5.50 and market cap of 3 billion, hypothetically, someone or company with deep pockets can buy it at book value for a mere USD 750m or SGD 1b for a company with land holdings larger than Singapore.
brian3381plantation game not over yet many are still in the green today and CPO price will remain strong , only this sial counter is not doing well due to bad reputation on esos and CEO selling manipulators are adding oil to it !
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....
titan3322
1,909 posts
Posted by titan3322 > 2022-05-24 11:42 | Report Abuse
SOP and Taan are like abang adik one the CEO and esos are selling the other the latuk and directors are selling campur with IBs and operators diaorang kasi lu mampus lor