The management of the Group had delivered a steady performance since FYE2017 ever since it embarked on its own self-rescue plan without any reliance on external parties when it undertook drastic measures in cessation of the duck farming segment since July 2016. The new challenges were coming in FY2020, despite the trade war, economic slowdown and swine fever in FYE2019, the outbreak of Wuhan Corona Virus in early FY2020 will surely another heavy impact on company performances. Theses factors will surely affect the whole world economic growth and international trade during these outbreak period and after, management expected the effect will continue till early FY2021. Management will focus on surviving instead of expanding in these period
BETTER STAY AWAY!!! WILL BE VERY BAD YEAR. PRICE WILL CRASH
MARKET OVERLOOKED THE REAL VALUE OF THIS COMPANY !
UPLIFTED FROM PN17 & NOW TRADING AT ONLY PE RATIO 4X !!!
Hello to all readers out there. Recently I saw that many penny stocks had rallied. But I wish to shift your attention to this penny stock in the MAIN Board which I feel had been overlooked by the market.
The stock which I'd like to talk about today is HB GLOBAL LIMITED (HBGLOB - Stock Code 5187, Main Market, Consumer Products & Services - F&B).
I saw some heavy accumulations in this stock for the past few weeks at 6.5-7c range and believe that once the accumulation is over, price will be trending upwards strongly.
Homily chart analysis showed that banker chips has dropped to 42% from a high of 74% a day before, meaning to say investors are offloading their shares and coupled with the presence of locked chips at around 24%, it means that there are added selling pressure from retailers, which explained the price drop.
Lol, ini macam pun boleh ? You go around the forum , look for ppl like SSLee, FamJenny, etc
Ask them to tell their grandpa & grandma story to you on scary Movies of Red Chip
If not enough hor, read what happened to the so called Luckin Buck , China Coffee chain which a lot ppl thought it will rival Starbucks until it went terbabas.
Bad qtr results, considering the CNY holidays, while coinciding with extended lockdown due to Covid-19. Hope for better earnings recovery from 2nd qtr onwards.
It's over 30 percent stake now.Some-more he bought it cheap for its stake. Chances are takeover offer coming if not wrong.U know Wht only 3-4 percent more to ignite the takeover rule of 33 cents.
Yesterday's trend analysis showed that banker chips stayed consistently at around 58%, which mean that the investors are still keeping tight onto their shares. Meanwhile, there has been absence of locked chips, meaning there is no retail sell-off for over a week, which explained the stability of its price movement. However, Stochastic Oscillator indicated that it is hovering in the overbought position and is descending towards neutral position, hence the price may drop a little. With the presence of strong banker chips, the price will continue to be well supported by the buying power of investors.
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....
RangeRover222
117 posts
Posted by RangeRover222 > 2020-06-15 14:55 | Report Abuse
buy at 0.065