IMHO. For this bb, as long as it doesn't tumble (assuming this will not happen, yes, we know what r they planning to), it will be good for the whole market sentiment and Johor development, a d good for other penny stocks, on rotational plays in near terms and creating a mini bull mkt and good for the people in the next 4yrs, political stability, advance technology ahead for our beloved country, long overdued paperless idea such as einvoicing would help the country to generate more income, which is good for our upcoming budgets and good for Malaysia and the people. Hope the plans work well.
Penang second bridge finish build on 2014 , Tambun price start 2012 May 60 sen up until 2.60 until 2014 sept 2.60 , second bridge , batu kawan ,all Tambun indah project Now RTS not yet finish , RTS finish build 2026 , do u think UEMS can shoot to RM 3.50 ( year 2014 high ) on 2026 Apply same concept to Penang second bridge , UEMS RM 1.03 still cheap
These hedge funds sometime purposely create "intraday sell signal" to induce short sellers to push down the price and create volatility so that they can collect more shares at lower prices.
KLCI and Bear Market Dynamics: Investors in the Malaysian equities market should approach current conditions with vigilance and prudent risk management, given the potential presence of a bear trap. Technically, the KLCI has been entrenched in a structural downtrend since 2014, significantly influenced by the collapse of commodity bubbles in oil (US$145 in 2008) and palm oil (RM8000 in 2022). These events, coupled with the close correlation between the Malaysian economy, MYR, and commodity prices, have contributed to this extended bearish period.
Navigating a Bear Market: Successfully navigating a structural bear market necessitates a nuanced understanding of the underlying economic dynamics. While acknowledging the overarching challenges, astute investors can identify pockets of resilience and growth within specific sectors, such as those connected to development in Johor (UEMS) and Sarawak (Affin Bank). This strategic approach enables investors to prudently position themselves within the market, mitigating risks and capitalizing on potential opportunities.
UEMS above 0.89 is bullish, below 0.89 is bearish. Key date to watch is around 19 Feb 2024. The projected trajectory is heading north unless the key support of 0.89 is broken.
Investors should exercise caution and remain vigilant against the potential bear trap. From a technical standpoint, the Kuala Lumpur Composite Index (KLCI) above 1552 is bullish and below 1552 is bearish.
KLCI has been entrenched in a structural bear market since 2014 (1896.23), primarily triggered by the collapse of the oil bubble (US$ 145 in 2008) and the collapse of the palm oil bubble (MYR 8000 in 2022). For investment or trading ideas, please feel free to visit my chart gallery:
better don't hold stock chinese new year later like 2007 china market Shanghai Stock Index after CNY open first day plunge 10% all asia stock market shares open at lower limit ..
This two week shares retrace you mind before chinese new year normal market profit taking ?NO NO NO shark all exit before CNY ...scare after CNY CHINA STOCK MARKET plunge !
@JJPTR, ya, good memory. I have seen it, knew the son UEM used $ to rescue the mother company Renong, kesian. The govt wanna do it to rescue it.... UEM Engineering, UEM WORLD, .... UEMS. In 1997 Financial crisis and RM pegged at 3.8 against USD. In 2000, dotcom burst. IN 1998, DSAI was sent to jail. At the same time, CLOB in SGX was suspended in Sep 1998!!! Then in 2003, SARS virus attacked. Then on 8 Nov 2006, the SJER started... hmmm UEM hit RM3++RM3? Tebrau Teguh (1589) hit RM1.7 (2006) & RM3 (2017)? Mulpha hit RM2 (2006, before shares reduction, its price is supposed to be RM0.2X now, but it is now RM2.XX becos of shares reduction exercise of 10 become 1)???? Political play Equine Bhd hit RM 3++? Well, that was when the land banks in JB was high demanded at that time... Jibby time, all the properties built in JB including SiLC industrial parks, many investors (local and foreign including Singapore and China investors they have been stuck until now... Hmmm cry also no tear...😵😭) lined up to buy buy buy. Then stuck for almost 15yrs.... Most of them are paying up to RM20k for monthly instalment (SiLC factory), rental dropped to as low as RM4k per month also without demands (nobody wants to rent) Likewise, Forest City too?! Sad😓 Everyone is waiting and waiting until longer neck (losing $).... Finally, Until now, we have PMX govt now, 2024 (before this new Johor wave started in 2023 after PMX formed new govt), hopefully everything goes well from now on. 🤞🙏
So, back to JJPTR's question ~ almost close to 2 decades ago, in that previous BULL of SJER, I guessed, most of the investors esply retailers were suffered huge losses for more than a decade (sad). Initial earnings were not sufficient to cover the loss after that. Sad, if it is true.
All investors must remember to lock profits and aim for other good FA and undervalued stocks instead, safer rather than chasing speculative stocks esply if it has already hit all time high price? Give it a miss ba, study FA and choose other undervalued stocks instead shd be safer. Earn less rather than can't eat can't sleep well, whole day long worrying, over weekends also worrying, go for holiday with beloved family also worrying about the market up and down...!!! Hmmm!!! Anyone had this kind of feeling before? I am sure that this is true and real. 😓
No doubt crocodiles love to play such a game which make use of IBs to raise new TP and new TP again and again. But all investors must not be greedy, this is crucial. All the IBs' research departments have been writing articles and Q up to post it to public at the right time, so that investors can read it and being influenced by those articles and continue to purchase those shares (crocodiles plotted).
Happy investing guys. Hope everyone will be safe from crocodiles.... 💪👍🏻❤️
Good post JJPTR. Investors must always avoid greediness and bullishness. Give it a pass is fine and let the big boys pakat with IBs to goreng, hopefully normal retailers uncles and aunties r not trapped in near future. Cheers.
Happy investing & good ROI in all of your investments, always.
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....
KingKKK
370 posts
Posted by KingKKK > 2024-01-30 09:55 | Report Abuse
The big money is not in the buying and the selling, but in the waiting. - Charlie Munger
Sit and hold and wait for higher price appreciation.
AI + Data Center is the theme of the year, but in order to build Data Center you need land.
UEMS has the largest land in Johor among all listed property companies in Malaysia.
Their location of those land is also the most strategic.