will look into it. thanks. have been collecting from 80c down 70c until 90c. in the long run, im always a net buyer. price up price down is also good news for me. i will come back when price is attractive.
most ppl trade stocks like a piece of paper. but looking at the volume this few days, although price drop but seems like many are accumulating. i look forward for their dividend announcement.
Furniture Sector GST Status: Standard rated; Zero rated (exports) Highlight Action by companies Impact Gaming Highlight Action by companies Impact Feedback: Some of the domestic raw materials purchased by furniture players are subject to GST. For HOMERITZ, the Group’s imported raw materials are not subject to GST as it has received approval of Approved Trader Schemes (ATS) whereby exporters do not collect output tax on their supplies. GST has no impact on its domestic raw materials purchased as it is eligible to claim back input tax. All exports are zero-rated. Since 99% of HOMERITZ’s furniture products are exported to more than 50 countries, no GST charge on its exported outputs. Comments: We opine that there is no impact on sales volume and margin of HOMERITZ (BUY; TP: RM1.54) given most of its products are exported while it is able to claim back input tax.
Hotrod: then how do explain this -12% correction in the last few days? I put my stake in it as well. And i watch the buy and sell graph daily....the drastic movement downwards was cause by big fish disposIng off 200-300-500-900 lot share in ine shot....
However relax...so far based on my technical analysis this cycle have happened few days before result announcement...at current rate market already expect the worst from the qtrly result performance...they already priced in the outcome. So ut doesnt matter on target or miss target the counter gonna bounce back strongly....
The past 1 year graph there is 3 times when the descending triangle have been formed and the price dip below the support level....however that prove to be a false move to shake off most scalpers...the price then rebound back up aggresively resulting in 20% and 40% gain...the current price formation is the 3rd descending triangle that have breach its support level...let see if price will rebound back aggresively once announcement is made this week....
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....
RosmahMansur
2,870 posts
Posted by RosmahMansur > 2015-04-24 14:44 | Report Abuse
Hope to collect some at 99sen