Until yesterday, MHB was valued by the market at under $1 billion...ridiculous, but as Buffett said about Mr Market...he was cuckoo depressed in MHB & that's when you should buy!
MHB owns by MISC ..ultimate company is Petronas.. MHB is only Petronas companies which traded below RM1. ... IPO price is Rm3.80...existing investors whose invested during IPO period still cannot recover his cost...
Price cannot goes up all the way, without pausing and pullback Somehow there should be profit taking period Waiting for good pull back before jumping in :( :) :)
Interesting observation : EPF's shareholdings has dropped from 43 mil in July '11 to 25.7 mil in July '16, maintained there until Feb '20 & is now only 1.871 mil(2 Feb '21).
This counter reeks of insider trading. The company still havent announced that it got the Jerun CPP contract. Insiders know it so they buy. I think it is unfair that insiders have this knowledge for so long and are able to push the price by over RM0.20 in about a week.
Bought 22k shrs for the dividend in early 2018 @ 85c...but was very lucky 2 have sold it all LIFO in 2019 for 87c avg. I had to buy it back for a 41c avg in Nov- Dec last yr to average down coz I hv some old shares bought as high as 2.17!
It has been a challenge 2 wait for so long for the price to rise back again...so challenging that even Valuecap, EPF, GIC, Public Mutual, Eastspring, US funds & LTH gave up...fortunately, I have traded short-term in '13-'15 & received dividends, together totalling nearly $5k so I hv been paid 2 wait.
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....
cutie
1,690 posts
Posted by cutie > 2021-03-11 16:24 | Report Abuse
straight down...back to yesterday's price tomorrow?