we have so many oil and gas players.. alam, bumi armada, perisai, perdana, MHB, TH Heavy, SKPetro etc etc.. with price of oil so cheap, how are they going to make money??? The only choice for them is to merge, cut costs, etc..
Any prospect for oil and gas industry? Any chance it can go to USD100 again?
It is time to accumulate MHB, the fund is pressing down to buy, they hv been buying quietly . It is hard to trade this stock. They will stop buying after 1 to 2 day of buying, then artificially sell it down before coming back to buy again
don't miss the boat, from rm3.00 to rm 1.16, really good bargain, mhb is net cash co, tightly held by fund, easy to manipulate, a lot of people got caught at above rm3 level. down side limited.
you can see they are blocking at 1.18, to induce more sellers to sell, I am pretty sure they are buying again today, it is quite hard to trade this stock as the fund behind is big and firmly control the share price. NTA 1.6, can u go wrong wth this stock?
it took them so much effort to bring the stock price to this level, it is only logical the price will be hanging here for them to accumulate. good result will be announced later after they hv bot enough
one day up 3 cent,second day down 6 cent, are u scared? yesterday u can sell at rm1.18, they will clear it all, but only 3 cent up, could not make much. it looks so convincing to go up further. But this morning they pour cold water, sell it down straight away. Confused??? The price looks so attractive to accumulate, yet you can only buy wth yr hard cash, contra play will be caught. if you wait at lower price, you may not buy it, because when they want to push back up, then you will hv to buy 10 sen higher, by then you will miss the boat. Ha ha!
the last 5 month, Mhb has been consisitently trading below rm1.5, the share price has weaken further to below 1.2 in the last 2 weeks. It has cross 1.33 to 1.38 then retreat to rm 1.25 level. Pls look at the 5 year chart, it started trading at 3.8 to 4.2, then cross 5 to a all time high of 8.8. there is a short period of few months where it spiked from 6 to 8, only to fall back to 5.5 level. at 5.3 level, Technip the strategic partner bought a few hundred thousand shares. Technip has bought into MHB before IPO at 3.8. They hv not sold a single share as at today. The stock price has been pressed down to current level. Who can make profit at this level? The negative recommendations by the analysts and the newspapers are efforts done so that confidence in this stock will be low. The strategies adopted by the big funds to collect by trapping the retailers who are trying to average down this stock further make this stock like having some more room to drop. The fear factor of seeing the stock price weaken further has deter further accumulation. It has created big doubt for investors of this stock. Pls be steady and hv more confidence in MHB. Tabung Haji has recently bot some shares at 1.25 level. This fund came into MHB at 3.6 level. For those who hv bought at 3 level or higher, would you want to cash out at 1.15 level? pls ask yourselves, should you buy or should you sell?
It is more to oil supply and demand, the current situation wasn't happen before where OPEC push up production and US shale new technology. The low oil price environment will last for coming years, understand the whole picture and get a good entry price. Personally i am confident on MHB
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Mohd Iqbal
266 posts
Posted by Mohd Iqbal > 2015-05-22 15:09 | Report Abuse
we have so many oil and gas players.. alam, bumi armada, perisai, perdana, MHB, TH Heavy, SKPetro etc etc.. with price of oil so cheap, how are they going to make money??? The only choice for them is to merge, cut costs, etc..
Any prospect for oil and gas industry? Any chance it can go to USD100 again?